Decentralized Finance is a growing global thematic.
It promises cheaper and better access to financial services by disintermediating centralized intermediaries.
DeFi also promises interoperability across blockchains to bust banking silos, greatly promoting innovation and building vibrant financial ecosystems.
However, DeFi is not without its own challenges and risks both old and new.
The goal of automating the delivery of financial services and reducing human dependencies also has the congruent effect of reducing oversight and control.
This scholarly article by Nic Carter and Linda Jeng provides an excellent conceptual framework to understand the drivers of risk in DeFi.
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3866705