Here’s how to detect potentially vulnerable exchange with no specific expertise
DeFi Summer was a landmark period for decentralized finance . Marked by rapid growth and innovation, it demonstrated the potential for DeFi to disrupt traditional financial systems. But more importantly, it was a watershed moment that reminded people of the crucial role risk management plays in any successful investment market. in 2020. This, combined with the rug pulls and collapses demonstrated that while massive yields are attractive, safety and sustainability are more important.
Code reviews are a task that many knowledgeable members of the crypto community take upon themselves to do. They go through a project’s code and then relay any interesting or alarming findings to the project’s developers and other community members. The other metric is regulatory compliance. This is only relevant to certain types of protocols but is nonetheless becoming increasingly more prevalent.
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