Today, ConsenSys Codefi, and Armor announced they are updating Codefi’s DeFi Score rating in an effort to invite the community to help build the future of DeFi safety. The move is the first step in a larger initiative to create a collaborative DeFi Defense DAO to increase safety and transparency for DeFi through a community-driven product risk history and scoring resource.

Review the DeFi Defense resources here and join the DeFi Defense DAO Telegram group.

“As crypto and DeFi go increasingly mainstream, we are proud to be building an imperative safety standard with Armor to give users everywhere better risk assessment tools to make smarter decisions with their tokens.” said Corbin Page, head of product at ConsenSys’ Codefi.

DeFi is currently a risky landscape: protocols range from fly-by-night scam operations to serious ones without much distinction, hacks have been a regular occurrence, users have lost funds, and objective information about DeFi…

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