Proposal Details
Prime Rating brings transparency through community-driven research into the Web3 space! We are a public good for the systemic advancement of DeFi, developing a permissionless framework for quantifying quality and risk of open finance protocols.
For DeFi to become a reliable, safe and liquid infrastructure, it needs better coordination enabled by even better transparency.
Prime Rating has three main objectives:
1) To increase transparency in the open finance (or web3) ecosystem and educate users, investors, and DAO's about the quality and risk associated with other protocols. 2) To create a non-corruptible, efficient and open-source process for permissionless rating 3) To create verified, unbiased, high-quality reports representing the actual quality and risk of these protocols (focusing on Ethereum-based DeFi and Metaverse projects)