#借贷协议风险 Recently, while researching lending protocols, I suddenly saw the latest attitude of the regulatory authorities towards encryption assets, and I was a bit shocked 😅

Chairman Wu said it very plainly: "If you can't see it clearly and can't control it, don't engage in the business" - this statement made me realize that I really need to keep my eyes wide open when entering this field. I was previously thinking "lending protocols can automatically generate interest, how cost-effective", but now I understand that the risks behind high returns are no joke.

I would like to ask everyone: What specific risk points should beginners pay attention to regarding lending protocols? For example, I am still a bit confused about concepts like smart contract vulnerabilities, liquidation mechanisms, and collateral rates. Also, given the current cautious regulatory attitude, does this mean we need to be more careful in choosing the platforms and products we participate in?

I heard that some people almost "liquidated" because they didn't understand the risks, and that experience is terrifying. Before truly investing, I want to take some courses to reduce the chances of making mistakes. Are there any seniors who can share some reliable learning resources or personal experiences? I feel this topic is quite important for many beginners.