Beefy (@beefyfinance): Risk Management Updates
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Risk Management Updates Today we're announcing several new Beefy updates to expand our approach to risk management. Following the unusual levels of turmoil in November with Balancer, Stream, and all the downstream consequences, we identified a range of measures to improve the risk information in our UI and risk protection mechanisms for the protocol's users: * Risk Checklist - replacing the old Safety Score with a module focused on risk. We've expanded, adjusted and harmonised our risk criteria to perform 8 core checks on every single product. The module now highlights risks by default, only showing checks that have passed when the user interacts with the module (or where all checks pass). * Curator Information - the level of detail displayed in the app has been expanded to include: (i) both the curator name and product name of each curated products; (ii) a link to the underlying curated product website where full details of its curation are provided; and (iii) details of the curator within the Details module under "Platform". We've also added a dedicated "curation" risk to the new Checklist. * Protocol Coverage - the core team are putting forward a new steering proposal developed with input from Nexus Mutual - on the topic of automatic coverage for Beefy users. The idea would be to adjust fees to build up a dedicated coverage fund which routinely purchases cover from Nexus. The cover would extend to Beefy and a selection of underlying protocols. Read about all the changes. https://twitter.com/i/web/status/2003130038921687086