DeFi offers many potential benefits, however, it also introduces a range of risks, both old and new. While traditional financial risks are well known (e.g. market risk, credit risk, liquidity risk, and operational risk), what separates DeFi from traditional finance is the exposure to infrastructure layer, the Ethereum blockchain. Investment game is now technical. Xavier Meegan identifies and examines 12 distinctive non-financial risks in DeFi, establishing a base for risk management frameworks. The research contributors included Techemy Capital and Nexus Mutual.