TLDR:
The Onchain Risk Map Is Live
Beating Savings Rates Without Ignoring Risk
Insured Vault Sherlock Audit Contest Results
See You at EthCC in Cannes
Alpha and Breaking Onchain News
In DeFi, risk is fragmented, multidimensional, and constantly evolving.
The Onchain Risk Map provides the first unified framework to identify, categorize, and manage DeFi risk.
Developed in partnership with Nexus Mutual, it equips protocols, institutions, and sophisticated users with a structured methodology to navigate onchain exposure.
The latest version is now live and continuously updated at onchainriskmap.com.
The Onchain Risk Map details the 6 primary categories of onchain risk:
Custody: risks arising from asset control choices (self-custody or third-party custody).
Transaction: risks stemming from signing unintended transactions or interacting with economically extractive ones.
Protocol: risks embedded in smart contract code, governance structures, economic design, or centralization.
Digital Asset: risks tied to volatility, liquidity fragility, and peg instability.
Staking: risks associated with locking assets to secure blockchains or protocols in exchange for rewards.
Systemic: risks arising from failures in underlying public blockchain infrastructure.
Explore the Interactive Onchain Risk Map
Naked APY ignores the cost of risk.
Cover, the DeFi-native alternative to insurance, protects you against leading onchain risks, such as protocol hacks, oracle manipulation, liquidation failures and governance attacks.
Covered yield reframes APY performance by incorporating protection into the return profile. It is a way to outperform offchain savings rates while mitigating DeFi risk.
Covered APY = naked APY - cover cost.
+ 9.48 % Naked APY - 3.32 % Cover Fee
+ 6 % Naked APY + 5.13 % Reward APY - 3.27 % Cover Fee
+ 5.65% Naked APY + 14% Reward APY- 3.37% Cover Fee
The results are in for our new insured vault primitive audit contest, run by Sherlock in January.
🥸 700+ security researchers reviewed our code
📑 400+ issues submitted
The researchers found zero valid exploitable security vulnerabilities and not a single Medium security issue.
Outcomes like this are rare in open audit competitions of this scale.
From March 30 to April 2, we will be in Cannes for EthCC, the longest-running annual European Ethereum event.
We’ll be hosting side events. Follow us on X to know more.
Can’t wait until Cannes? Connect with an expert to book a meeting, learn more about what’s coming, and discuss tailored risk assessment and management.
CrossCurve was exploited for $3 million, Foom Cash lost $2.26 million in an attack, and Moonwell was hacked for $1.78 million.
Maple, OpenEden, Smithii, Avantis, and Curvance were all hit by front-end attacks.
In other news, the most popular covers on OpenCover last month were vfat and Beefy.
For real-time news, insights, and more, join our Discord and follow us on 𝕏.
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