As faith in audits falter, the DeFi community ponders security alternatives

As faith in audits falter, the DeFi community ponders security alternatives


As the attacks launched against popular decentralized finance (DeFi) protocols grow ever-more complex, the efficacy of audits from major security companies have in turn come under scrutiny — and some members of the DeFi community have already begun building homegrown alternatives.

“I think that now, after all the hacks we’ve had, we basically understand that if you have two audits, three audits, it doesn’t mean you’re safe,” said the co-founder of DeFi Italy Emiliano Bonassi in an interview with Cointelegraph. “This does not mean that audits have no value in this moment, but they are not silver bullets.”

This new reality is what pushed Bonassi to form ReviewsDAO. A simple forum for connecting security experts and projects looking for an extra set of eyes, in the three days since its launch ReviewsDAO has already attracted four volunteer reviewers (including Bonassi), and has matched two reviewers with a project.

Skin in the game it’s one of the implicit rule

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