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25 January 2021

Working Group Seeks to Build Best Practices for DeFi - CoinDesk

Working Group Seeks to Build Best Practices for DeFi - CoinDesk


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A working group created as a partnership between crypto prime broker Bequant and Global Digital Finance wants to create some best practices for decentralized finance (DeFi) in an effort to improve adoption while warding off burdensome regulations.

The companies announced last month they would form an industry group with law firm Hogan Lovells, aiming to bring industry participants together “with the goal of bringing credibility and integrity to DeFi projects around the globe,” according to a press release. .

Just last month, two DeFi projects saw flash loan attacks, leading to users losing some $13 million.

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