Crypto startup investor and IDEO Managing Director Ian Lee has revealed how DeFi protocols can avoid being cloned and drained of liquidity by improving upon their design and governance from the start.
When SushiSwap forked from Uniswap on Friday, August 28, it suggested the beginning of a wave of similarly cloned DeFi protocols due to their open-source natures. Projects that take years of research and development, undergo several security audits, and attract millions in seed funding can simply be cloned with little or no recourse.
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