It's exceptionally important to be a well-informed DeFi investor, factoring in the possibility that your favorite DeFi project will be hacked and drained of resources, as your crypto will be exposed. A 30% APR return isn't as appealing if 100% of your principal, and interest, gets rug pulled.

Platforms like Rex Hygate's in DeFi Safety, which has 170 scores for various DeFI platforms, help even those not necessarily technically minded to be able to gain an awareness and understanding of what risk are specific to a platform and what you can do you mitigate your risks while diving headfirst into DeFi.

Remember to sign-up for LA Blockchain Week next week and every November!

0:00:00 - 0:00:55 - Intro
0:00:55 - 0:02:22 - What do you think it is that people don't understand about how vulnerable these DeFi platforms actually are?
0:02:20 - 0:03:57 - Many projects lack transparency, is there thirst out there that isn't being tapped?
0:03:57 - 0:05:57 - What is the determinate in terms of what constitutes a "green light" platform versus others?
0:05:57 - 0:07:46 - Are major players in the DeFi market jumping in faster with all of the frenzied excitement now or versus when DeFi starting kicking off years ago?
0:07:46 - 0:09:31 - What do you think about insurance for DeFi platforms a la Nexus?
0:09:31 - 0:12:00 - Do you think that bug bounties are a worthwhile way for companies to incentive white hat hackers to deliver value to a company?
0:12:00 - 0:13:10 - Do cybersecurity and blockchain enthusiasts overlap in their interests?
0:13:10 - 0:15:00 - Are Flash Loans a net positive or negative for DeFi platforms?
0:15:00 - 0:16:31 - What are the discussion points among the DeFi Safety Telegram members about what's interesting or exciting in DeFi?
0:16:31 - 0:18:49 - Is the age of a chain a good determinate of its safety?
0:18:49 - 0:20:35 - Do you see a few agencies providing the authoritative stamp on a platform after their exhaustive audit and due diligence and what colored your decision not to take money from platforms as part of the review process?
0:20:35 - 0:23:07 - If I'm considering using a new DeFi site, how should I proceed?
0:23:07 - 0:24:55 - Do you need to be technically minded to digest your reports or understand what security factors are at play?
#DeFi #cybersecurity #hacks