DiscoverWeb3 Talks: Stories & Tips from the Builders#19: Rex Hygate, Founder @ DeFi Safety | Adding transparency to DeFi security practices by a company that already reviewed 200+ DeFi projects
#19: Rex Hygate, Founder @ DeFi Safety | Adding transparency to DeFi security practices by a company that already reviewed 200+ DeFi projects

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

Update: 2022-05-16
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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

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

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

Mac Budkowski