In this episode of HODLong, Mable Jiang interviews Serpin Taxt, the co-founder and CEO of Ethos, an on-chain credential layer aiming to combat scams in Web3. Taxt discusses his background, the inspiration behind Ethos stemming from FriendTech, and the challenges of establishing credibility and accountability on-chain. The conversation covers Ethos' mechanisms for reviews, slashing, and vouching, along with the algorithm for calculating credibility scores. They explore the economic incentives behind staking ETH, the potential for integrating Ethos scores into DeFi lending protocols, and the complexities of anonymous reviews. Taxt shares insights into Ethos' growth strategy, emphasizing community building, organic marketing, and the importance of addressing the Web3 trust problem.
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