The degens behind DegenScoreDegenScore is built by true degens. Their answers to blitz questions reveal that.Adam, co-founder at DSWhen you became a degen: When I was in pool 2 for YAMs. I was sitting next to Angelo and had to use Uniswap for the first time to get in there. After going through that ride it felt like a new part of the internet was going to be created around DeFi because it offered a new mechanic and user experience I had never seen before.Worst rugpull/hack: Indexed Finance was pretty brutal. Just went to zero and my stables in the project disappeared. If you use DeFi it's only a matter of time before one of the projects gets hacked or rugged. I wasn’t involved in Euler but a lot of our top users were exposed and that was a wake up call highlighting just how difficult building a secure protocol is.What is a web3 wallet and why is it important?The discussion kicked off with asking this simple question: What exactly is a Web3 wallet?Most of us are familiar with using browser extensions like MetaMask which limits our exploration of web3 to a desktop experience. But this is evolving.Carl Fairclough of Status pointed out that this shift focus is largely driven from developers to users:Different waves have come and gone. It started with thinking about how developers interact with blockchains to build out products and a lot of those patterns really stuck around, especially when it comes to network switching.User expectations have also evolved. People now want wallets to double as an interface where you can view everything. A crypto wallet is no longer only a tool that you're using to sign transactions.Yet first people need to understand why they need a self-custody wallet, Chintan Turakhia from Coinbase noted:Most folks are aware that coinbase.com is the centralized exchange. So many users in fact think they already have a wallet. We need to provide education for folks so they understand there's a big difference between fully custodial and self custodyCharles Hamel, VP Product at Ledger, added that the way wallets are used has also changed a lot:The wallet was the destination when you wanted to interact with these networks. Whereas now with web3 in a post-2021 world, the destination is a dapp [decentralized app]. It's a website, it's a content page and the wallet comes in and augments this experience. It’s for transacting, for signing, for authentication, for login. The wallet is not so much a destination but more like an augmentation layer, where you can bring your own keys and interact with web3."Better wallets welcome new people to web3As new people are entering the crypto space, approaches to wallet security are also changing.Argent in particular has a novel approach to security with social elements, Matt Marshall explained:We started with the premise that we couldn't have a world where losing a secret phrase means losing all of your money. And with that in mind, we came up with the concept of social recovery, where guardians can form part of your recovery mechanism using multisig transaction signing.