Former OKX Executives Launch DeFi Platform Shredpay and Risk-Rating Service

Decentralized finance, or DeFi, gives users direct access to lending, trading and yield strategies, but smart-contract vulnerabilities, inadequate liquidity and inconsistent disclosure continue to increase risks to their funds. Former OKX executives founded Shredpay to serve U.S. retail and institutional users, seeking to lower the technical and risk-management barriers to entering the DeFi market.

Mauricio Beugelmans, Melissa Muehlfeld and Peter Chang recently unveiled DeFi connectivity platform Shredpay alongside the ShredPay DeFi Rating Index. The service assesses protocols based on smart-contract security, liquidity and operational transparency. Publicly available information does not disclose the amount raised or a formal launch date.