Lesson 11 – The DeFiPunk Score
Each of 8 DeFiPunk principles can be scored:
- 0 = fails
- 1 = partial / mixed
- 2 = true punk
Let's do a test evaluation of two DeFi companies.
Example: Uniswap
Score = 12/16
Breakdown:
- Permissionless: ✅ (2) → Anyone can swap, no sign-up, no restrictions.
- Self-custody: ✅ (2) → Users keep their tokens in their own wallets.
- Open source: ⚠️ (1) → Uniswap v3 is now GPL, but launched as BUSL; v4 is still BUSL until 2027. Delayed openness = partial credit.
- Privacy: ❌ (0) → Transactions fully public, no built-in privacy.
- Open development: ✅ (2) → Governed by UNI token holders in open forums.
- Trustless core: ✅ (2) → Immutable smart contracts, decentralized logic.
- Security: ✅ (2) → Audited, heavily battle-tested.
- Distributed UIs: ⚠️ (1) → Some community frontends exist, but app.uniswap.org remains the main access point.
Reflection:
Uniswap is strong on permissionless access, self-custody, governance, and security. But it loses points for open-source licensing (BSL delays), lack of privacy, and reliance on a centralized frontend.
Example: Safe Wallet
Score = 14/16
Breakdown:
- Permissionless: ✅ (2) → Anyone can create a Safe wallet.
- Self-custody: ✅ (2) → Built specifically for secure self-custody and multisig.
- Open source: ✅ (2) → Code available and widely forked.
- Privacy: ❌ (0) → Wallet operations are fully public on-chain.
- Open development: ✅ (2) → Roadmap and governance are transparent.
- Trustless core: ✅ (2) → Uses smart contracts + cryptography, not admin control.
- Security: ✅ (2) → One of the most audited wallets in the ecosystem.
- Distributed UIs: ✅ (2) → Multiple interfaces, integrations, and APIs exist.
Reflection:
Safe Wallet is almost the definition of a DeFi Punk Superstar excelling on custody, openness, and security. But like most protocols, it struggles with privacy.
