Chris Blec is a researcher and the founder of DeFi Watch, a project dedicated to identifying points of centralization and risk factors in DeFi, in particular the presence of admin keys. In this episode:

How Chris got interested in DeFi
How he first noticed the risk of admin key usage
The changing nature of admin keys and multisigs
Whether project multisigs reduce dependence on trust
Why worry about Admin keys in the first place?
Have DeFi projects improved their key management and trustlessness over time?
Chris' letter to 0xPolygon
Chris' plans with DeFi Watch
Should Bitcoiners care about DeFi? About admin key failures?
Why transparency is a self-regulatory measure

Sponsor notes:

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Aave is a decentralized, open source, and non-custodial protocol where users can deposits and borrow digital assets, and earn interest on those assets. Head over to aave.com to experience and learn more about DeFi.

Chris Blec (DeFi Watch) on the Pursuit of Transparency in DeFi (EP.220)