DeFi systems have undergone numerous attempts to be made more effective as they become more prevalent. The hazards involved with DeFi transactions are intended to be addressed by DeFi 2.0, including the erratic nature of cryptocurrencies, security issues with smart contracts, and a lack of loan repayment responsibility. On DeFi platforms, a value worth $92.3 billion is committed as of July 2022. DeFi 2.0 adds insurance to protect liquidity providers (LPs) who use crypto assets to fund a liquidity pool from potential losses brought on by changing crypto values. DeFi 2.0 also makes sure that there are no serious flaws
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