Philippe Dumonet

Philippe Dumonet, Cofounder of DeRegLinks, discusses the crucial ERC-7265 proposal aimed at enhancing DeFi security. He highlights the alarming rise in crypto crime, with $3.8 billion stolen last year. The proposal introduces a 'circuit breaker' to protect decentralized applications, balancing security and governance. Dumonet explains how this could potentially centralize some protocols while improving the safety for newer teams. He also addresses the need for robust security measures in light of historical vulnerabilities and recent market challenges.