The Enterprise Ethereum Alliance (EEA) has introduced new guidelines to help manage risks in decentralized finance (DeFi) protocols. These guidelines aim to set a standard for developers, regulators, and users to follow, making DeFi safer for everyone involved.
The guidelines, known as the DeFi Risk Assessment Guidelines, were created by the EEA’s DRAMA Working Group. This group worked with various organizations, including Consensys, Hacken, CertiK, Quantstamp, OpenZeppelin, Banco Santander, and Bitwave, to develop a comprehensive document.
This document is designed to help regulators, developers, investors, and users identify and manage risks associated with DeFi protocols. It provides clear strategies for risk management that can be applied across the industry.
Dyma Budorin, co-chair of the EEA DRAMA Working Group and CEO of Hacken, emphasized that these guidelines offer a reliable standard for founders and development teams to use when working on their DeFi products.
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