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

If you don't want to miss our episodes, subscribe to our Substack and get an e-mail whenever the new one comes out: https://web3talks.substack.com/ 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