Decentralized finance (DeFi) has grown significantly and has become an integral part of the global crypto markets. However, its continued growth heavily depends on how secure the technology is against attacks. According to data from DefiLlama, over $5 billion in the total value of assets has been lost in DeFi protocols to date. To remedy this situation, the Ethereum community has come up with a new token standard called ERC-7265.

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