Beanie
The elephant in the room is why do ANY of these protocols rely on humans (that can go rogue, make...
37 days agoBeaniebeaniemaxi
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The post criticizes the security of several DeFi protocols, highlighting that Drift has an "extremely weak" security level due to a 2/5 multisig and no timelock. Conversely, Kamino and Jupiter Lend are rated as having "very good" and "good" security respectively, utilizing longer timelocks and larger multisig requirements. Other protocols mentioned with varying security levels include Solstice, Loopscale, and Exponent.

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Beanie

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By beaniemaxi

Crypto native since the early days. Went all in on DeFi summer. Then tripled down on NFTs. VC @gmcapital_. No paid promos. Not financial advice. I talk my book.