Chris Blec is a researcher and the founder of DeFi Watch, a project dedicated to identifying points of centralization and risk factors in DeFi, in particular the presence of admin keys. In this episode:  How Chris got interested in DeFi  How he first noticed the risk of admin key usage  The changing nature of admin keys and multisigs  Whether project multisigs reduce dependence on trust  Why worry about Admin keys in the first place?  Have DeFi projects improved their key management and trustlessness over time?  Chris' letter to 0xPolygon Chris' plans with DeFi Watch  Should Bitcoiners care about DeFi? About admin key failures?  Why transparency is a self-regulatory measure    Sponsor notes: Copper is transforming how institutional investors engage with digital assets by developing award-winning custody and next-gen trading infrastructure. Headquartered in London, the firm is scaling rapidly across Asia and North America to bring its suite of products to a wider pool of institutional investors. To learn more visit copper.co or reach out on Twitter, @CopperHQ Aave is a decentralized, open source, and non-custodial protocol where users can deposits and borrow digital assets, and earn interest on those assets. Head over to aave.com to experience and learn more about DeFi.