DeFi's Recent Sudden Boom Could Be Dangerous But We're Taking Steps To Mitigate The Risks

CEO Jay Hao Jay is CEO at OKEx, the world's leading cryptocurrency spot and derivatives exchange. DeFi has been further thrust into the limelight lately with the launch of Compound's governance token COMP for trading. The price of COMP reached an astonishing $300 last month, compared to only $18 at the beginning of the launch. It has since seen a correction and is currently trading at around $180. Yet with all this action, DeFi will continue to be the hottest spot as we move into the second half of the year.