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  • MrVodnik@kbin.social
    6·
    1 year ago

    I was thinking… could we have a “dApps book club”? It is somewhat boring and hard to dig into many projects by oneself (and extremely easy to miss something). It is also impossible to find independent review in Google/Twitter/Reddit/etc. If we had a small pool of people who knew one another, it could be actually the best possible approach.

    I think picking one DeFi project a week or every few days would suffice. Then some people would chip in with all the red flags they’ve found in whitepaper and their business model, others could investigate sensibility of their tokenomics, their docs and of course, their code.

    How could be start such a thing? Is it even possible, or is there to few of us?

    • newtosh@kbin.social
      3·
      1 year ago

      It’s basically what Logris was posting occasionally, no? Maybe we can motivate him to do more, and prepare / chip in / contribute. I think understanding the tokenomics / key financial concepts is the main problem with much of DeFi.

      • MrVodnik@kbin.social
        1·
        1 year ago

        I was aiming more in active participation and loose talk, rather than one person reading and preparing summary based on their own opinion. Pick a project, and make it theme for the other day’s talks.

    • hanniabu@kbin.socialOP
      2·
      1 year ago

      The hardest part would be finding someone to review the code, but I’d outline the categories like code, ux, tokenomics, risks, etc and then see if anyone is willing to volunteer for those slots

      • MrVodnik@kbin.social
        2·
        1 year ago

        I don’t think we must build a top notch audit company. Probably most of us use dApps already, and having any “trusted” look at the code is better than none. Also, as much it might be hard to locate a sophisticated back-door by creators, it is relatively easy to spot an upgradebale proxy and multisig owners (which are often ignored by audit companies as this works “as designed”). This, and general overview of the code I can do myself, as I do it anyway for my personal sense of security.