RE: DeFi Desperately Needs Transparency | Verify, Trust, Invest
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Defi it is very transparent, but people need to only trust in the code.
Most part of people that is using Defi uses it because heared someone talked about the plataform and don't search some key points before to start to stake/invest their money.
When I am thinking to use a Defi platform I check some points like smart contracts code, team members, social media platforms, telegram/discoord.
Checking this points, I am able to take a decision with some data.
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Some of the code and contracts are available. What I was getting at here is we need transparency for where treasury funds are being used.
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Unfortunately, that would only be possible if somehow exists a smart contract that have the funds and taking some conditions will do things. Otherwise, it will always be a matter of trust in the people who manage the funds.
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