#19: Rex Hygate, Founder @ DeFi Safety | Adding transparency to DeFi security practices by a company that already reviewed 200+ DeFi projects

Web3 Talks: Stories & Tips from the Builders

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DeFi Safety helps investors understand the risks of DeFi projects. Rex tells us about i.a. the company's founding story, review process, and the way they get new clients & employees.

1:30 How Rex learned about Ethereum via Reddit & got involved thanks to a hackathon

4:30 Differences between his corporate experiences and web3

7:05 How DeFi Safety started and why they share their reports for free

9:10 The help they got from Gitcoin

10:35 Thoughts on LUNA crash

12:15 Most common safety issues in protocols

16:03 How retail users can protect themselves from problematic protocols

19:17 How does their review process look like, who requests them and how does it help to improve projects’ safety

23:14 Creating guidelines for the users & protocols in a different way than SEC might have done it

25:00 How do they acquire their clients and who do they target

28:30 Why DeFi’s transparency & their auditing process makes it much harder to obscure financial details in an Enron-like fashion

31:58 How do they recruit people in such a challenging job market

33:50 Why they don’t plan to become a DAO

35:15 Why Curve & Yearn are among the most mind-blowing web3 projects he has seen

36:24 How their report on Shibaswap & the response from the Shiba Army made them laugh

37:43 Where can you learn more about DeFi Safety

38:45 His guests' ideas