DeFi

If you have some idle crypto, why are you not using it for lending/borrowing/staking/LPing, etc?

question to individuals, but also projects with treasuries, daos, group chats 

* replies are anon

maxxing on /morpho 🦋 | pursuing a higher self w /higher-athletics | consistently curious

Answered "Smart contract risk." I'm capable of reading the actual contracts and audits, but I'm not comfortable allocating more than ~5-10% to any specific protocol.

I'm eth newbie..just learning
(working on @farcaster)

terminally.online

what would be a strong signal of trust for you?

1. public audits (multiple) 
2. trusted by [...namedropping here...]
3. numbers (TVL, Deposits) 
4. public team
5. smth else?

Public audits, team reputation, protocol simplicity, Lindyness.

add in the track record of it working. While not a guarantee Uniswap V2 for example to me now I consider save. There's so much value in there that IF there were a really big vulnerability I am quite sure it would have been abused already. Likely hood it exists >0 though smaller by the day and $$ in there