DeFi Safety extends partnership with Prime Rating
PrimeDAO is humbled to extend its partnership on Prime Rating with DeFi Safety, an independent rating organization that evaluates Decentralized Finance products to produce an overarching security score, and one of PrimeDAO’s earliest contributors.
The partnership aims to align the interest of the parties to intensify the collaboration between the organizations, with the intent to make Prime Rating the most complete, reliable and permissionless rating score of the leading Web 3.0 Protocols.
Partnership Details
- Technical Steward — DeFi Safety will steward the Technical report of Prime Rating, playing a central role in updating and improving the report structure in addition to providing review and support of Technical reports inside Prime Rating
- Report Updates — Prime Rating can source all technical reports conducted by DeFi Safety and upload them into the Rating DB, thus ensuring up-to-date rating scores
- Mutual Reviews — Prime Rating will support DeFi Safety in improving their Quality Review process
- Talent Pool — DeFi Safety is encouraged to utilize Prime Ratings talent pool for their Quality Review process and to engage raters freely
- Ownership — as an early and important contributor to Prime Rating, DeFi Safety will receive 500k D2D tokens from the early contributor share (vested for 3 years), thus enhancing their ownership and voting power of PrimeDAO
- RAP Governor — DeFi Safety will be eligible to govern Prime Rating and will commence with 200 RXP (Rating Experience — used to vote for accepting/rejecting rating reports)
Prime Rating App
Prime Rating recently launched its new and improved Prime Rating Web app. The app provides a full overview of the latest reports created on DeFi protocols and ranks them based on Technical (provided by DeFi Safety) and Fundamental qualities. The two scores are combined to create an overall letter rating that signifies the quality of the project.
DeFi Safety provides the most comprehensive security check on a technical level and is a perfect addition to Prime’s fundamental reviews. In combination, Prime Rating and DeFi Safety empower the best quality and risk assessment in DeFi — Lavi, Prime Rating Lead
We are thrilled to continue our partnership with Prime Rating. They add an essential element (fundamentals) to the DeFi community. Together we give DeFi users the impartial rating data they need. ~Rex Hygate, Founder DeFiSafety — Rex Hygate, Founder DeFiSafety
Get involved in the Prime Rating
If you’re interested in getting involved in Prime Rating as a Researchers or User, please follow the links below!
- Join the Prime Rating channels on Discord
- Learn more about the Prime Rateathons to earn USDC & PRIME by creating Reports!
- Request early access to the Prime Rating Beta API
