A comprehensive database providing contextualized reports assessing the decentralization stages of DeFi protocols.
How much De is in my Fi? It is the age-old question of DeFi, which keeps getting denser as there are more protocols, which are more complex and increasingly interdependent.
How to solve it? Enters DeFiScan, the L2beat of protocol decentralization. Based on a clear framework enabling the evaluation of any protocol, DeFiScan provides actionable insights. Anyone can contribute, and projects are encouraged to self-review.
While DeFiScan is working towards maximal decentralization, our reviews are not sentences; we view them more as learning opportunities. Projects that do not achieve the maximal grade (Stage 2) get access to a precise checklist of items they need to improve on to better their rating.
Just like the very existence of L2beat led to increased awareness and efforts to decentralize L2s, our initiative helps raise awareness of maximally decentralized protocols and push the more centralized ones toward decentralization.
How decentralized DeFi protocols really are? Answering this question requires serious skills, technical expertise and a lot of patience.
We can encourage teams to disclose their adequate decentralization status, but the incentives are heavily skewed against this. Centralized projects are not eager to reveal their nature and sometimes even actively mislead users about their decentralization status.
After a year of manually and internally reviewing protocols, we decided to systematize the framework, open it to anyone, and publicize the results by releasing DeFiScan, the L2beat of protocol decentralization. Based on a clear framework enabling the evaluation of any protocol, DeFiScan provides clear and actionable insights. Anyone can contribute, and projects are encouraged to self-review; however, every review (even the one produced internally) is at least double-checked to ensure accuracy.
This model enables us to account for all situations:
Maximally decentralized projects are eager to submit their self-review on DeFiScan, as it provides them with a neutral third-party assessment confirming their efforts.
Meanwhile, our team "force-reviews" popular centralized projects, enabling anyone to understand the real stage of protocol decentralization.
While DeFiScan is working towards maximal decentralization, our reviews are not sentences; we view them more as learning opportunities. Projects that do not achieve the maximal grade (Stage 2) get access to a precise checklist of items they need to improve on to better their rating.
DeFi
