Saved by Marcel Mairhofer
Red Flag Alert: A Framework for Vetting Crypto Projects
The core tenet of any web3 project is a token. Operating as the centerpiece of the ecosystem, tokens are the new form of equity. Tokens typically carry governance rights, and allow community members to participate in a product, service or protocol as a co-owner and key decision maker of a shared treasury.S ince 2013, founders have had to think abou
... See moreLauren Stephanian • Optimizing Your Token Distribution
Here are some of the risks that DeFi users face: Technical Risks - where smart contracts could be hacked or bugs could be exploited Liquidity Risks - where lending protocols (e.g., Compound) could run out of liquidity Admin Key Risks - where the master private key for the protocol could be compromised
Sze Jin Teh • How to DeFi: Beginner
To participate in DeFi, one has to lock tokens in smart contracts. Tokens locked in smart contracts are potentially vulnerable to smart contract exploits due to the large potential payout. While most projects have gotten their codebases audited, one will never know if the smart contracts are truly safe. There is always a possibility of a hack which
... See moreSze Jin Teh • How to DeFi: Beginner
Algorithmic stablecoins paying eye-watering yields had all the classic red flags. TerraUSD offered 20% returns on a coin pegged to the dollar (and therefore optically low risk), via protocols like Anchor or startups like Stablegains. The protocols ostensibly created revenue to pay this yield via lending out the funds to eager borrowers. However, th... See more