A 400 million dollar draw on MonkeyPoxInu. The honeypots…and the pumps and dumps.
DeFi problems (to put it bluntly) are becoming more widespread and more frequent, as shown in the table below which you can consult on Comparitech:
In all of this, however, most DeFi participants would probably agree that there has been a lot more talk than action.
It’s time to stop keeping score and start playing.
If you’re old enough to remember the “I’m a Mac / And I’m a PC” TV commercials that aired from 2006, you’ll probably remember the one that implied that Mac computers were virus-free.
The dirty little secret? mac were
vulnerable to viruses, but Apple’s share of the personal computer market was so small in 2006 (only 4.8%) that it wasn’t worth exploiting them.
Today we know differently.
And the thing is, talking is cheap.
When we first conceived the idea that led to the Bridges Exchange, we did this in an effort to help clean up the “Wild West” nature of DeFi. In fact, Bridges is the first of its kind (although we hope not the last): it is the first anti-scam, dividend-paying and decentralized decentralized hybrid aggregator-exchange.
We created the Bridges Exchange because “business as usual” in DeFi has meant nothing more than the proliferation of tokens – and with them –flight. Like others, we are tired of seeing honest investors left penniless and innovative developers whose ideas are copied at will. For DeFi to realize its full potential, it must evolve from a haven for scammers to an ecosystem where every participant has a legitimate chance at financial freedom and security.
Here’s how we did it:
- Public registration criteria: To get good projects in, we need to keep bad actors out. Bridges has pretty strict project listing criteria, and they’re publicly available for anyone to see.
- Thorough verification procedures: The time between application and registration can take several weeks, which, although long, is simply a necessary evil. Bridges’ reputation is as good as the last project we approved for listing, and while we can’t guarantee positive feedback or even 100% complete security, we promise that our verification procedures are thorough and carefully implemented.
- Innovation requirement: Security means different things to different people. For promoters, this means avoiding scams, but if you are a promoter, it means protecting innovative ideas. We require approved projects to bring some form of innovation to the space, and reject those that are pure imitators of others’ ideas.
- Whale caps: To promote overall price stability for Bridge$, the native token of our exchange, anti-whale caps prevent any investor from holding more than 1% of the total supply, or 1 million tokens.
Whether you are a holder or a developer, a new DeFi participant or a seasoned veteran, we invite you to join the mission that Bridges represents and be part of the action – not the talk – on cleaning up DeFi.
You can learn more about Bridges’ work at https://bridges.exchange.