5 ms·
We are at idea-validation stage so it's very early days for us. The overarching theme is educating users by making them aware of what they are/have getting/gott
by vishnugupta 5y ago
We are at idea-validation stage so it's very early days for us. The overarching theme is educating users by making them aware of what they are/have getting/gotten into. Somewhat similar to rating agency in the traditional finance world (e.g., Moody's) but not exactly like them.
- chernevik 5y agoIf you told me "I'm like a rating agency" I'd double my scrutiny of you, if I didn't simply walk away. The agencies played a large role enabling the mortgage bubble that popped in 2008. They were essentially selling ratings to bond issuers without any real attention to the quality of the loans underlying the bonds.
- babyshake 5y agoOne related thing is that there has been a large increase in attempts by scammers to mimic a legitimate product with a fake domain, etc. You could actually detect these pretty well by looking at the TVL and other factors. Was the contract deployed fewer than 30 days ago? Have the amount of funds deposited to it less than the top 50/100 contracts? A related problem is not even depositing but simply granting token approval to a scam app, and similar techniques may be used to warn users before they give these approvals.