The Enterprise Ethereum Alliance (EEA) has released version 1 of its DeFi Risk Assessment Guidelines. The EEA’s DRAMA working group worked with organizations such as Consensys, Hacken, CertiK, Quantstamp, OpenZeppelin, Banco Santander, Bitwave, and others to develop the guidelines.
The document aims to provide a resource for DeFi protocol regulators, developers, investors, and users on risk identification and management strategies. Dyma Budorin, co-chair of the EEA DRAMA and CEO of Hacken, explained that the guidelines provide a comprehensive standard, “a resource founders and development teams can refer to when developing their products.”
The DeFi Risk Assessment Guidelines cover a range of risks related to governance, token economics, software, liquidity, regulatory compliance, and external market factors, detailing specific issues affecting various software types, such as oracles, smart contracts, and bridges, and addressing security and interoperability issues that may arise. (Cointelegraph)