I've been rekt three times in DeFi. Here's the checklist I use to keep myself safe now.

I've lost money in DeFi three times, and all three times, I could've seen it coming. The first was Anchor. Anchor was a savings platform that encouraged users to deposit UST, an

I've lost money in DeFi three times, and all three times, I could've seen it coming. The first was Anchor. Anchor was a savings platform that encouraged users to deposit UST, an algorithmically-backed stablecoin, and earn 20% yield. The premise was shaky from the get-go; each UST was backed by LUNA, which was burnt or minted to maintain UST's peg to $1. Anchor had a (too good to be true) set-up where depositors would earn 20% yield "in perpetuity." In retrospect, when pressed, there were never a