Despite nearly six years passing since the inception of decentralized finance (DeFi) in 2017, it’s still experiencing child-like growing pains in 2023. DeFi underpins many Web3 properties which experience hacks and exploits weekly. Multi-million dollar exploits remain commonplace.

In 2023, DeFi could continue its slow development, or it could pass as an unsustainable fad. In any case, here are the most recent problems facing three large DeFi platforms today.

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