Vitalik Buterin Tightens Ethereum’s DeFi Standards
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The Ethereum Foundation will only support secure and permissionless DeFi protocols, emphasizing the removal of admin keys and hidden controls to mitigate trust risks. Vitalik Buterin's 'walkaway test' demands that DeFi systems must operate independently of their founders.
- Ethereum Foundation backs only permissionless, secure, open DeFi protocols.
- Buterin urges DeFi to remove admin keys and hidden controls to cut trust risks.
- Buterin’s “walkaway test” says DeFi must run even if founders disappear.
Ethereum co-founder Vitalik Buterin said in a recent X post that the Ethereum Foundation has tightened its stance on decentralized finance and will not support every protocol that launches with a token and a dashboard.
Buterin sent a strong message to the DeFi space, i.e., to remove reliance on companies, admin keys, and hidden control points. If a system depends on a small group to pause, upgrade, or override it, that creates a trust risk. The Foundation does not want that risk embedded into Ethereum’s financial layer.
“Defi is a central part of the value that Ethereum provides,” Buterin said, adding that the Foundation will…
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Vitalik Buterin Tightens Ethereum’s DeFi Standards
Share:
The Ethereum Foundation will only support secure and permissionless DeFi protocols, emphasizing the removal of admin keys and hidden controls to mitigate trust risks. Vitalik Buterin's 'walkaway test' demands that DeFi systems must operate independently of their founders.
- Ethereum Foundation backs only permissionless, secure, open DeFi protocols.
- Buterin urges DeFi to remove admin keys and hidden controls to cut trust risks.
- Buterin’s “walkaway test” says DeFi must run even if founders disappear.
Ethereum co-founder Vitalik Buterin said in a recent X post that the Ethereum Foundation has tightened its stance on decentralized finance and will not support every protocol that launches with a token and a dashboard.
Buterin sent a strong message to the DeFi space, i.e., to remove reliance on companies, admin keys, and hidden control points. If a system depends on a small group to pause, upgrade, or override it, that creates a trust risk. The Foundation does not want that risk embedded into Ethereum’s financial layer.
“Defi is a central part of the value that Ethereum provides,” Buterin said, adding that the Foundation will…
Read The Full Article Vitalik Buterin Tightens Ethereum’s DeFi Standards On Coin Edition.
In This News
Share:
In This News
Share:
Read More
Buterin Advances ETH Sale Plan, 70% Already Liquidated