QUICK BITE
- The Enterprise Ethereum Alliance launches the first version of its DeFi risk assessment guidelines to identify and mitigate DeFi protocol risks.
- While primarily written for DeFi Protocol Users and Protocol Investors, this document is also relevant to Protocol Operators and Protocol Developers.
The Enterprise Ethereum Alliance (EEA) has launched Version 1 of its decentralized finance (DeFi) Risk Assessment Guidelines, a document to identify and mitigate DeFi protocol risks.
This document draws on the expertise in various areas of DeFi and accounting that its contributors bring, to provide a broad-based and industry-backed guide to the risks involved in working with DeFi, and how to assess, manage, account for, and mitigate them.
“The need for these Guidelines is shown by the regulatory ambiguity and general lack of accounting standards and guidance for DeFi,” the document reads.
While primarily written for DeFi Protocol Users and Protocol Investors, this document is also relevant to Protocol Operators and Protocol Developers seeking to minimize the risks in their Protocol. Finally, we hope this work informs and is informed by, regulators and Standards Development Organizations who create standards and regulations that affect DeFi.
The Enterprise Ethereum Alliance is a member-led industry organization whose objective is to drive the use of Ethereum blockchain technology as an open standard to empower ALL enterprises.
The EEA’s DRAMA Working Group developed the guidelines, collaborating with organizations such as Consensys, Hacken, CertiK, Quantstamp, OpenZeppelin, Banco Santander, Bitwave, and others.
