Scalable Usage Limitation
A new security measure that raises a simple red flag to expose scammers is a limit on the usage of a DeFi dApp in the early stages.
If you're performing complex calculations for the first time on Ethereum, this will protect people from FOMO: a hard-coded cap of lockable value that limits usage in the first year or longer.
For example, for a new stablecoin, you can set a weekly $20,000 mintable as a max cap, so even if people FOMO into your invention, they can't invest a ridiculous amount of money before the dApp is live for at least a year or more. This approach differentiates who is coding dApps for the long run on Ethereum from who just wants short term profits.
Last modified 9mo ago
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