Episode Details

Chris Blec is a researcher and the founder of DeFi Watch, a project dedicated to identifying points of centralization and risk factors in DeFi, in particular the presence of admin keys. In this episode: 

• How Chris got interested in DeFi 
• How he first noticed the risk of admin key usage 
• The changing nature of admin keys and multisigs 
• Whether project multisigs reduce dependence on trust 
• Why worry about Admin keys in the first place? 
• Have DeFi projects improved their key management and trustlessness over time? 
• Chris' letter to 0xPolygon
• Chris' plans with DeFi Watch 
• Should Bitcoiners care about DeFi? About admin key failures? 
• Why transparency is a self-regulatory measure 

Sponsor notes:

Copper is transforming how institutional investors engage with digital assets by developing award-winning custody and next-gen trading infrastructure. Headquartered in London, the firm is scaling rapidly across Asia and North America to bring its suite of products to a wider pool of institutional investors. To learn more visit copper.co or reach out on Twitter, @CopperHQ

Aave is a decentralized, open source, and non-custodial protocol where users can deposits and borrow digital assets, and earn interest on those assets. Head over to aave.com to experience and learn more about DeFi.