Former legal executives from crypto exchange OKX unveil DeFi connectivity, risk-rating service
Three former OKX executives launched Shredpay, a DeFi platform offering clear risk ratings for protocols to aid U.S. retail and institutional users.Summary
Three former high-profile legal, policy, and product executives from the crypto exchange OKX—CEO Mauricio Beugelmans, President Melissa Muehlfeld, and CTO Peter Chang—have launched Shredpay, an easy-access decentralized finance (DeFi) connectivity platform targeting U.S. retail and institutional users. Shredpay aims to solve the opacity and lack of transparent risk information in DeFi, which hinders mainstream adoption. The platform provides a standardized risk assessment through the ShredPay DeFi Ratings Index, which evaluates protocols based on factors like smart contract security, liquidity, transparency, compliance, and governance. According to the founders, this service packages institutional-grade due diligence into an accessible format, helping users distinguish between secure protocols and scams, thereby expanding the addressable market for rated protocols.
(Source：CoinDesk)