Workshop Overview
"Navigating Risks in DeFi" is a 3-hour workshop aimed at deepening participants' understanding of risks associated with Decentralized Finance (DeFi). By immersing ourselves in the rapidly evolving world of DeFi, we will equip you with practical knowledge and foundational skills to identify, assess, and mitigate risks in this space.
The workshop utilizes the Enterprise Ethereum Alliance's (EEA) DeFi Risk Assessment Guidelines - a framework for evaluating risks across DeFi protocols, smart contracts, data protocols, and more. These guidelines were developed through extensive collaboration between over 35 industry leaders from organizations including Consensys, DTCC, EY, SAP, OpenZeppelin, Hacken, and DeFi Safety, who contributed hundreds of hours of expertise.
The workshop covers key risk categories such as smart contract, oracle, governance, incentive, and financial risks and discusses real-world case studies that demonstrate the impact these risks can have if left unmanaged.
By the end of the workshop, you will have the knowledge needed to determine your organization’s DeFi risk appetite, conduct due diligence on DeFi products and services, and develop appropriate risk mitigation strategies. Whether you’re currently exposed to DeFi or have plans to take advantage of the innovations in this space, developing risk fluency is a critical step for institutional adopters.
Workshop duration: 3 hours
Workshop purpose: The goal is to introduce and equip attendees with the tools and knowledge to identify, assess, and effectively mitigate the unique risks inherent in DeFi.
Workshop Lead: Chaals Neville, Technical Programs Director at the EEA and invited experts who contributed to producing the EEA DeFi Risk Assessment Guidelines: https://entethalliance.org/specs/drafts/defi-risks/20230116/
📍Location: Virtual Only
📅 Date: Thursday 28, March 2024
1pm to 4pm GMT.
🧑🏻 Contact: contact@qualitax.io
Meet the Speakers
Chaals Neville, Director of Technical Programs
- Enterprise Ethereum Alliance
Chaals is the Director of Technical Programs at the Enterprise Ethereum Alliance (EEA). Chaals led the work on the development of the DeFi Risk Assessment Guidelines, collaborating with EEA Members such as Consensys, DeFi Safety, EY, Hacken, OpenZeppelin, CertiK, DTCC, SAP and more.
Prior to the EEA, Chaals led standards work at both Yandex and Opera. Chaals is an elected Board Member of the W3C.
Jerome Ostorero, Director of Research and Risk
- Coinchange Financials
Jerome serves as the Director of Research and Risk at Coinchange, where his main responsibilities encompass directing research efforts, conducting due diligence and risk analysis. Jerome leverages the Coinchange DeFi Risk Assessment Framework (DRAF) for meticulous risk analysis before fund deployment. Jerome's role also involves compiling comprehensive yield index comparisons and asset allocation reports to inform strategy development and maintain Coinchange's competitive edge in yield generation within the industry.
Slay Huff, Director of Sales
- Cube3 AI
Slay is the Director of Sales at Cube3 AI. CUBE3.AI is a web3 security platform that provides real-time transaction protection for smart contracts and blockchains, safeguarding against cyber exploits, fraud, and compliance risks. Slay previously worked as Nansen, a blockchain analytics platform used by investors to discover opportunities, perform due diligence and defend their portfolios with real-time dashboards and alerts.
Who Should Join?
Suitable for both technical and non-technical backgrounds
Industry professionals working within or interested in the DeFi space, seeking a comprehensive understanding of DeFi risks.
Your role or future role involves building, using, investing in, advising or regulating DeFi platforms and protocols.
Y
Non-Web3 Professionals
Finance, Risk, Legal and Compliance Professionals new to decentralized finance.
Y
Web3 Professionals
DeFi Protocol Developers, Blockchain Technologists and other Technologists interested in DeFi. Existing Web3 professionals looking to expand DeFi knowledge.
Workshop Outline
Introduction
Session 1: Understand and Identify DeFi Risks (20 mins)
Objective: To increase awareness and understanding of risks in decentralized finance (DeFi), including but not limited to software, smart contract, blockchain, user interface, oracle, bridge, MEV, and governance risks.
Agenda:
-
Introduction to DeFi and associated risks.
-
Key risks and risk categories.
-
EEA DeFi Risks Assessment Guidelines
Expected outcomes: By the end of this session, participants will be able to understand, explain and identify major risk categories relevant to DeFi.
Session 2: Assessing Managing, Mitigating & Accounting for DeFi Risks (1h40 mins)
Objective: To provide a practical guided step-by-step process on how to use and apply EEA Defi Risk Assessment guidelines and Defi Risk Assessment Framework to analyze and report the risks of a specific DeFi protocol.
Agenda:
-
Introduction to case study.
-
Group exercise and discussion.
-
Risks Reporting.
Expected outcomes: By the end of this session, participants will understand and will be able to use and apply EEA Defi Risk Assessment guidelines and Defi Risk Assessment Framework to analyze and report the risks of a specific DeFi protocol.
Break (10 mins)
Session 3: Guest Speakers (40 mins)
Objective: To gain insights and perspectives from industry experts on assessing, managing, and mitigating risks in DeFi.
Agenda:
-
Presentations from guest speakers covering:
-
Their experiences with identifying and mitigating DeFi risks
-
Emerging risks and risk management trends in DeFi
-
Q&A session
Expected outcomes: By the end of this session, participants will gain real-world insights from industry experts on assessing and managing DeFi risks and will have an opportunity to ask questions and discuss risk management practices with leaders in the field.
Workshop Wrap-up & Feedback (10 mins)
Navigating DeFi Risks Workshop
