
Whou should audit DeFi?
Blackmax
3 min•0 plays•0 favorites
Business & Finance
Description
<p>If you want your company intranet checked for security, if you can afford to and if you can find them, you get a hacker to try to break in. Not a sysadmin.</p> <p>If you want to determine that a psychic is a fake, you get a magician to test them, not a scientist.</p> <p>But in DeFi we still hand auditing over to developers. And although a large number of problems with DeFi protocols are down to bugs, in some of the most expensive cases, there's actually a design flaw in the financial architecture.</p> <p>So who should you call in to determine whether your protocol is vulnerable to arbitrage attacks, insider trading, front running, or short squeezes?</p> <p>How about traders?</p>