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Joined 1 year ago
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Cake day: June 11th, 2023

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  • 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.


  • 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?


  • Even better than in USA and EU, where their $$$ could (and would) be frozen by yet another political play.

    Theter is part of our decentralized system. You need something purely on-chain, like RAI or LUSD, but you also need something big and liquid with actual backing. And here you have two way street - USA based with more transparency, but much of regulatory risks, or USA - independent, which means its gonna by shady and located in places with little USA influences.

    I like the fact that we have so many options. Its harder to kill.

    Also, Theter FUD is quarterly event in crypto.