Common sense DeFi checklist:
- Is it open source?
- Is there a multisig anywhere?
- Are my funds safe if a HFT in an adversarial country operates the protocol?
Chair Atkins indicating today that the centralized onchain financial protocols are going to be regulated differently than DeFi protocols. And no wonder that they would be: you aren't "decentralized" by running your software onchain rather than AWS. Note the call out of "regulatory arbitrage".
1 Mad Lad has generated $20,000+ in rewards/airdrops 🪙
Now they cost $4,000 - and the biggest airdrop still hasn’t even happened
Just grabbed another one 😌