S&P is a Rating System assessing the credibility of projects within the Berachain Ecosystem. It is an open-source, community-driven 150-point system meticulously designed to assess project legitimacy. Elevated scores not only signify heightened effort and coordination but also act as a reliable proxy for trustworthiness. Its ability to establish a benchmark sets this system apart, providing a solid foundation for ongoing project evaluation.
To enhance overall quality standards across the ecosystem, S&P extends the framework that projects can readily adopt and adhere to. Embracing the philosophy that a rising tide of honey lifts all bears, this initiative aims to elevate expectations and foster a collaborative environment for sustained improvement.
Navigating the expanding network ecosystems, particularly within Berachain, has become increasingly challenging. The surge in new projects overwhelms the community, making thorough research on each project difficult. Furthermore 🐻, as new members join the ecosystem, they find themselves inundated with many protocols and products.
This influx often leads community members to assess projects using only surface-level criteria such as protocol TVL, funds raised, etc. Unfortunately, this approach fails to provide potential users with a comprehensive understanding of the project's true standing.
S&P aims to offer a complete 360-degree view of projects through clear and concise reports. In unique cases, these reports serve as a vital tool for the community, enabling them to differentiate projects driven by genuine commitment from potential low-effort scams.
<aside> ⚠️ While S&P doesn't guarantee absolute protection against scams and rug pulls, it is a valuable tool for navigating the Berachain ecosystem with enhanced security. Acknowledging that malicious actors may evolve alongside the S&P open-source framework, possibly devising more sophisticated scams is crucial.
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To maintain objectivity, S&P ratings are curated by the S&P community contributors. Community members can assess the project and apply their assessment to the review. Once an assessment aligns with the minimum quality criteria established by the S&P team, it receives approval, gets published on the S&P platform, and becomes accessible for review by the wider audience. Active community members who consistently evaluate projects may earn the Official Community S&P Assessors designation.
Earn rewards for completing assessments!
<aside> ☘️ S&P Seasons #0
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S&P assessments database: