POPA ReconDeFi peoples, brainraping time.
DeFi peoples, brainraping time. When you consider the risk of a protocol or an asset to deploy into, it comes through different angles: 1. code review: codebase itself (architecture, its simplicity, audits, bug bounties, test coverage, formal verification, etc) 2. liquidity of an asset: how liquid is a stablecoin, for example, when can you withdraw, how long to wait until maturity, etc. this isn't a risk in a hack sense but a risk nonetheless 3. leverage ratio: if is a lending protocol or something that underwrites loans/mints - the question is also how much is it looped. the more looped it…
The excerpt is quoted from a public Telegram channel, which owns its text.