Ethereum developers launched Web3SOC to set DeFi security and compliance standards.
Backed by Uniswap, Maple, and Secureum, the framework aims to boost institutional trust.
Experts expect long-term benefits, including increased adoption and capital inflow into DeFi.
In a significant stride toward institutionalizing decentralized finance (DeFi), Ethereum developers, in collaboration with key industry players such as Uniswap Labs and Maple Finance, have launched Web3SOC, a new compliance and security framework for the DeFi ecosystem. The initiative aims to establish industry-wide standards that promote transparency, trust, and robust risk mitigation practices, making DeFi more accessible and appealing to institutional investors.
Web3SOC, short for Web3 Security Operations Consortium, is a community-driven framework designed to formalize security operations across decentralized applications. As the smart contracts become more complex and the number of security incidents in
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