Frequently asked questions
While DeFi projects cannot directly influence their CRCI Score, engaging with CRCI for a review provides an opportunity for them to receive actionable feedback. Projects can improve their practices based on this feedback, potentially affecting future evaluations. The objective of the project is to set standards to improve the quality and availability of key fundamentals from our DeFi builders. This publicly available content empowers the community to make better informed investment decisions. By this initiative we're creating a barrier for bad actors and an overall improvement of the DeFi ecosystem.
No, the CRCI Score is not a guarantee of success or safety. Projects can fail for a variety of reasons regardless of intent.
In addition to market volatility the consumer faces a number of risks in DeFi.
Smart Contract Risks
Complexity combined with a lack of information
Lack of regulatory protection
Fraud and Scams
Liquidity Risks
Crimes of opportunity
A lot of trust is implied when engaging in DeFi opportunities so it's critical to consider the code and the on chain evidence of activity, but also with the people and processes that bring the opportunity to the consumer.
Success and failure are not events, they are a process.
CRCI is a tool to aid in the decision-making process, providing insights into a project's commitment to key values. Investors should always conduct their own due diligence. It's worth noting that CRCI Reviews are not a direct measure of market viability or adoption potential.
Enhance your project's credibility, gain actionable insights for improvement, and showcase your commitment to excellence.
CRCI can help distinguish your project from competitors who may be under-prepared or purely opportunistic.
Similar to how code audits can catch oversights, CRCI Reviews can validate or expose fundamentals you may not realize could be impacting your brands trust or credibility. The message the consumer needs to understand is your insistence on striving for greatness. The CRCI Review process evaluates projects based on your published content. To maintain transparency and trust, our review relies solely on this publicly available information and excludes reviewing any data that requires privileged access. Committing to the CRCI Pledge of Excellence program is a powerful opportunity for you to use to demonstrate your commitment to the consumer.
The CRCI Pledge of Excellence is a commitment by DeFi projects to uphold the highest standards of transparency, user protection, and accountability, as evaluated by CRCI and by actively committing to ongoing CRCI progress Reviews. Projects that meet these standards are awarded the CRCI Badge. Learn more here CRCI - Pledge of Excellence
As part of the actionable feedback we offer projects we review, we're committed to allowing our DeFi projects to have a voice in the CRCI Review process that applies to all projects. It's worth noting that in a fast moving industry, all reviews expressed by the CRCI project have been based on the information available to CRCI at the time any reviews were prepared. All information is subject to possible correction, and any new or changed information may cause these reviews to change. The CRCI values and welcomes feedback and data correction, and while the specific processes for dispute resolution and community engagement are still under development, we encourage conversations with our DeFi projects. Similar to code audits, projects are encouraged to take corrective action from our reviews wherever possible. After all we want to elevate our best builders! All of our reviews are based on publicly available content from the projects. The CRCI approach is summarized on this page https://www.crci.review/overview. We feel being objective, relevant, fair and critical at the same time is a challenge worth pursuing.
CRCI Scores are updated based on the project's update schedule with CRCI. Significant changes in a project's public information may prompt a score review. However, all projects in the Pledge of Excellence program are still subject to "Cumulative Demerits" which can affect their CRCI Score based on project failures of any kind at any time.
Investors can use CRCI Scores as part of their research process to save a tremendous amount of time and identify projects that align with their values regarding transparency, user protection, and accountability. It's a starting point for deeper due diligence. It's important to note that CRCI Scores are not risk assessments or investment advice.