DAO Digest - How DeFi protocols actually work
How DeFi protocols actually work
Is a DeFi Protocol Decentralized or Just a Multisig
Most protocols described as decentralized can still be upgraded, paused or frozen by a small set of keys. The useful question for a depositor is therefore...
Felix Ndiaye • 6 min readBiggest DeFi Protocols by TVL and What Each One Does
These are the nine largest DeFi protocols by total value locked, ranked largest first, on a day when DefiLlama counted $93.9 billion across the whole of...
Felix Ndiaye • 7 min readThe ERC-7730 Standard Explained
ERC-7730 is a JSON format that tells a wallet how to turn a contract call or a signed message into a sentence a person can read, and nothing on-chain has to...
Damon Iverson • 5 min readLedger vs Trezor for DeFi and Where Each Falls Short
For signing on Ethereum and its layer 2s, Ledger and Trezor now decode transactions from the same shared ERC-7730 registry. At Trezor's September launch,...
Felix Ndiaye • 7 min readDo You Need a Hardware Wallet for DeFi
Anyone holding more in a DeFi wallet than they could shrug off losing needs a hardware wallet, though the device protects less than its marketing implies....
Felix Ndiaye • 6 min readHow a Safe Multisig Works With Hardware Wallets
A Safe multisig is a smart contract account that moves funds only when a set number of its owners sign the same transaction. Each owner holds a separate...
Noemi Vargas • 5 min readWhich Hardware Wallets Support Liquid Staking Tokens
Every hardware wallet on this list can hold stETH, wstETH or rETH, because each is an ordinary ERC-20 token. The devices differ on what happens after that....
Noemi Vargas • 7 min readHow to Vote on Snapshot With a Hardware Wallet
A governance token holder does not need to move tokens off a hardware wallet to vote on Snapshot. The vote is an EIP-712 signed message rather than a...
Noemi Vargas • 4 min readWhy a Hardware Wallet Cannot Stop a Token Approval
A hardware wallet guards one thing, the private key. A token approval is dangerous because, once signed, it no longer needs that key. Figures compiled by...
Felix Ndiaye • 6 min readClear Signing vs Blind Signing on a Hardware Wallet
Blind signing is approving a transaction the device can show only as a hash or raw hexadecimal data. Clear signing is approving one the device has decoded...
Noemi Vargas • 5 min read