On-chain consumer protection and insurance feel like underinvested areas of defi. If we want to push for consumer adoption of decentralized venues over centralized we need to identify ways to make mistakes, hacks, etc. more forgiving than they are currently.

Product @ OP Labs | Building the Superchain and exercising from time to time

Trading firms plugging holes or teams begging hackers to return funds doesn’t seem scalable. At a bank, for all its flaws, I still have some assurance that if fraudulent activity occurs in my account, that I will be made whole.

I think it will be very important to make insurance and additional backstops more prominent in protocols. I’d love to hear about any innovations in this area