
Monte
2.4K posts

Monte
@C_Monte_Crypto
Building @Quantu_AI and @ColadaPerps 8004 Solana contributor Onchain model advocate






defi needs a ratings agency to evaluate protocols across code security, opsec, and infrastructure. to maximize legitimacy and distribution, this could be led by the Foundations. they have an explicit mandate to support public goods. i reckon @SolanaFndn is already doing something in this direction, but the best version probably is a collaboration with @ethereumfndn and other major ecosystems so that users have a consistent experience across all of defi. the alternative would be the data providers (e.g. @MessariCrypto, @Blockworks, @DefiLlama). but they have paid service lines that might create the appearance of conflict of interest. to be clear, a ratings agency approach will create new problems - startups may have a harder time meeting requirements, costs to get evaluated will be an obstacle, there will be accusations of cronyism, etc. but given the #1 problem we face is lack of trust in defi, those might be acceptable tradeoffs. thoughts?







