DeFi Safety is an independent ratings organization that evaluates Decentralized Finance products to produce an overarching security score based on transparency and adherence to best practices.
DeFi Safety’s Process Quality Reviews (PQRs) follow a clear, standardized and established process, allowing users to directly compare scores across different projects. Results of our assessments can be easily replicated by following the PQR documentation posted on our website.
PQR documentation clearly indicates the criteria behind the ratings and how we arrive at our conclusions.
DeFi Safety’s PQRs allow users to make informed decisions about the protocols they invest in, and provide developers with clear, achievable goals towards improving code, documentation and transparency.
DeFi Safety does not perform code audits. Instead, we review the quality of process and documentation behind the code, of which audits are only a part.
Our mandate is to provide accurate, unbiased and trustworthy reviews for the benefit of DeFi users, and the DeFi community as a whole. To ensure the impartiality of our review process, DeFi Safety is dedicated to three principles of independence, objectivity and transparency.
DeFi Safety is fiercely independent. We intentionally avoid any conflicts of interest that might impinge on our mandate. We do not accept payment to create or modify in any way the ratings of projects under review.
PQR ratings are based entirely on our established, easily auditable review process. PQRs are designed to prevent bias by relying on quantitative measures wherever possible and explicitly defined ranges of criteria when qualitative estimates are required. Our primary audience is the user, and all of our incentives are aligned towards what users need most - objective and unbiased information.
PQR criteria are clear, coherent, and publicly available. We always show our work. DeFi Safety’s review process is publicly available on the website, and always indicates which criteria were used where, and how results were arrived at for a given score. Transparency builds trust and increases accountability.