Security isn't just for DeFi; SocialFi needs Uno WatchDog's standards, too! Let's act fast to propel SocialFi to its rightful place, before it's merely a distant dream. It is time to ramp up security efforts before frequent exploits become the norm.🛡️ 🖱️https://t.co/M3NiGPaoF8

1️⃣ Is a static audit truly sufficient? In response to a staggering $1B lost to hacks & exploits this year, @unoreinsure rolls out its comprehensive security suite: WatchDog 🐺 ◈ Continuous audits ◈ Active monitoring ◈ Insurance coverage (2/6)

The moment we've all been eagerly anticipating... Uno Dune Dashboard v1 is finally live! 🚀 Here's what it brings to the table: 🟣 $UNO Tokenomics 🟣 Our Underwriting Capital 🟣 Sales & BD Stats 😲 🟣 UNO WatchDog Metrics Don't wait; take a look:

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On behalf of the Web3 Security Conference 2023, Hosted by @DeDotFi which was an incredible SUCCESS! 🎉 We wanted to express our gratitude, BIG THANK YOU to our speakers who joined us in valuable discussions and brought meaningful key points for us all to take away. More…

We're deep into Q4 and a staggering $1B has already been lost to hacks and exploits this year. Each new exploit serves as a lesson. It's prime time to gaze back at the year's exploits and capture all the wisdom they offer. Let's dive in! 🧵

The $230B social media industry stands to be reshaped by SocialFi's innovative take on decentralization and community involvement. However, a lapse in security can undermine this breakthrough. The @starsarenacom exploit case can serve as an eye-opener. There's no denying that…

The Uno team is at @abc_conclave , Dubai Marina, demonstrating WatchDog's holistic solution against DeFi risks. Up next, @sujithsizon 's fireside chat on Security, Innovation, and interoperability with @syRITWIK from @synthr_defi and @guriahluwalia from Digital Twin Labs Today.…

Time after time, sole reliance on audits without embracing comprehensive security has led to harsh outcomes in DeFi protocols, regardless of the invested resources or efforts given. Enough with the disaster cycles. Introducing WatchDog, by Uno Re!👇

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As the strategies of hackers evolve, so must our defense.🛡️ With Uno WatchDog, DeFi protocols can counter even the most sophisticated attacks with our robust security solutions. Ready to strike back? Take action now! 👉

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Looking forward to speaking at the panel at @abc_conclave this Sunday! 🇦🇪 Excited to get into the nuances of Security, Innovation, & Interoperability with @syRITWIK of @synthr_defi , and @guriahluwalia of Digital Twin Labs🛡️ See you there 👾

UNO is excited to co-sponsor @abc_conclave Dubai! 🚀 Join the brightest minds in Web3 as they unite at this electrifying event. Catch the UNO team at our booth at The Address, Dubai Marina - swing by to say Hi and win some exclusive WatchDog Merch⚡

🎉 Great news for #BSC fans! Direct deposit and withdrawal of BEP-20 $UNO tokens is now enabled on @kucoincom .

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So far this year, hackers have snatched a mind-blowing $1 billion+ from the DeFi market. As DeFi users shoulder the losses, have you considered what happens to your hard-earned cash after it's stolen? Let's dive in. 🧵👇

What a powerhouse panel featuring @sujithsizon at the Web3 Security Conference in Milan! My man killed it, amazing to see people's reactions to Uno WatchDog's capabilities; a great talk overall by all contributors. Watchdog is needed, Watchdog is coming - and we can't wait to…

🚨 September marked the darkest month for exploits in crypto history with a shocking $332 million stolen. What happened ‼️ Let’s look 👇 🧵

Let's conduct a little test to illustrate why Uno WatchDog is vital for DeFi's future: When's the next unfortunate exploit of a DeFi protocol with a loss over $100K likely to occur? ⏲️

The top 5 black-hat bug bounties have already surpassed a jaw-dropping $120M! Once funds fall into the hackers' hands, all the power rests with them. The smartest move for DeFi protocols to safeguard their users and their future? Embrace Uno WatchDog's comprehensive security.

Navigating the #DeFi realm isn't for the faint of heart, as #MarkCuban's massive $870K loss so vividly shows. Safety must be our first concern.💰 Are you keen on fortifying your defenses against such pitfalls? Embark on this journey with us. 🧵

🚨$200M hit in the latest @MixinKernel exploit. Have you missed the news? Catch up with the DeFi Security Check Out for a swift rundown on the exploits and learn valuable lessons - all in less than 2 minutes. Stay updated, stay secure. 👇 #MixinNetwork

A secure web3 future is within reach - with the right moves! Don't miss @sujithsizon 's talk at #Web3SecurityConference2023 in Milan.🇮🇹 Let's build a secure DeFi world together!🛡️

Revolutionizing the billion-dollar web3 security industry, we're empowering our community to partake in our ecosystem's success with $UNO & veUNO. Curious about the distinction between them? Time to decode🔍 The Uno Re ecosystem comprises a utility token ($UNO) and a governance token (veUNO). Both benefit our community members and contribute to our success, but each serves a distinct purpose. $UNO, the utility token, enables holders to stake their tokens on our risk investment dApp and become Liquidity Providers - a.k.a providing insurance capacity. LPs also gain governance power, enabling them to vote on decisions related to Uno Re governance. Moreover, UIP-01 approval introduces a new utility: clients will be able to pay premiums at discounted rates using $UNO, generating increased demand for the token. veUNO, our governance token following the vote escrow model, on the other hand, is created with the sole purpose of Uno Re DAO's governance; loyal supporters of the Uno Re ecosystem who wish to shape how the protocol is managed while reaping benefits for their long-term support of the protocol can lock their $UNO tokens to obtain veUNO. The amount of veUNO you get depends on how much $UNO you lock up and for how long. If two people lock the same amount of $UNO, but one does it for a year and the other for four years, the person who locks for four years will get four times more veUNO. This gives them a four times bigger share of the $UNO reward pool and more voting power. In this way, we have created an ecosystem to generously reward the loyal supporters of our ecosystem while also creating various utilities for $UNO. Ultimately, individuals who lock their tokens for extended durations or commit more $UNO have a greater incentive to vote with the protocol's long-term success in mind. They're less likely to support short-term decisions that could harm the protocol's achievement and reputation—a critical consideration for a web3 security ecosystem. One step at a time, we aim to build the most significant transition in web3 security - from being controlled by a few to being empowered by the DeFi community. Let's shape web3 security together!

Just 47 HOURS LEFT to stake your $UNO. ⏰ Seize your final opportunity to earn a 14% APR with our @KuCoin_Earn pool. Make your $UNO work for you before the time runs out!

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10.10.23 History will be made. Be the first to discover it:

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🔊Join @sujithsizon , @DeDotFi , and top industry experts as they discuss new security standards for the future of web3! Space is live now 👇

There is no such thing as a bear market, just a build market! You should not miss @jaskanwar_singh 's insights with @GenfinityIO discussing how Uno Re stays ahead even in challenging market conditions. 🎥 Dive into the full convo for deep insights into the future of decentralized insurance, DeFi, and crypto:

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Excited to deep dive into this discussion with giants in the industry! Set your reminders & discover how we're forging new security standards for the future of web3 🛡️ /i/spaces/1jMJgmgaZpMKL

Due to high demand, we're bringing it back! 🎉 Our 30D staking program w/ @KuCoin_Earn is LIVE NOW. Seize this chance to let your $UNO work for you. 🟣Stake $UNO:

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🟣More info:

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⚠️ Traditional smart-contract audits have fallen short, despite the hefty cost usually charged for them; major protocols remain exposed to relentless hacks and exploits. Let's unpack why Uno WatchDog's Audit arm is a different kind of security review for Web3 protocols. Many audit providers lack sufficient motivation to deliver optimal security to the protocols they’re auditing. In general, ‘audits’ are often seen as a mere rubber stamp - something to tick off the roadmap before the TGE approaches. Tragically, the actual users of these protocols don't demand more because they're unaware comprehensive security is an option and it is achievable. WatchDog’s approach is different and much more comprehensive - we're dedicated to providing premier security for our clients by non-negotiably offering continuous audits and a custom-created Active Monitoring set up of all united smart contracts. (One recent example where such vigilance would have proved invaluable is the @nomadxyz_ exploit, where nearly $200M was drained. The audit provider alleged the buggy code enabling the hack was only introduced after the audit was underway, meaning the deployed smart contract code differed from the audited code.) In addition to this, the WatchDog suite also comes with supplementary insurance coverage to ensure the unquestionable security of user funds. We're not raising the bar for smart contract “audits” - our aim is to create an entirely new standard for what qualifies as adequate safety within Web3. In this journey towards enhancing DeFi security, you, as a DeFi user, play a powerful role - by simply demanding comprehensive, holistic security from the protocols you engage with. Let us know which protocols you'd like to see brought under the protection of Uno WatchDog's holistic security - and enjoy your favorite DeFi protocols with peace of mind.

We're thrilled to see @CodeHawks hosting a Vyper compiler auditing competition and eager to contribute towards strengthening a key part of our network. Jump into @vyperlang , spot bugs, report them, and grab your share from the prize pool. Happy hunting 🏹

Live from token 2049 Singapore! Yesterday soliciting depositors and not to be seen today + WITHDRAWALS PAUSED @ExchangeJpex This is why you need insurance whenever you use custodian, and smart contract coverage when you use DeFi Watchdog is needed, Watchdog is coming

Our security and insurance services don't just bolster safety; they create a thriving ecosystem with our revenue-sharing system. 🌐🔒 Curious about revenue-sharing? Get the scoop in minutes on how we're spreading this success across our ecosystem! 👀 The web3 security market is worth billions, with top players pulling +$100M/year. However, retail users struggle to tap into this potential. As a specialist in web3 security, we pride ourselves on offering a range of unique services designed to uphold the highest security standards for our clients. We've also got retail users covered, providing robust insurance policies to tackle diverse risks voraciously - from de-pegging to smart-contract vulnerabilities and even Ethereum slashing risks. But we don't stop there! We also extend our security expertise to DeFi protocols and various other web3 players with our standout service - the Uno WatchDog. /unoreinsure/status/1702020896645349730/photo/2 As you might expect, providing these services generates revenue for Uno Re DAO, and this revenue is shared back with our ecosystem members, benefiting our liquidity providers (LPs) and veUNO holders. /unoreinsure/status/1702020896645349730/photo/3 To make things more exciting, we've introduced the Elastic APR model, tying the APRs in the Uno Re ecosystem directly to the utilization rate of our insurance capacity, among other impactful factors. Thanks primarily to the stellar performance of Uno WatchDog and high utilization rates, several pools within our Uno Re ecosystem have recently experienced a much-welcomed APR boost. /unoreinsure/status/1695134359458627925?s=20 The yields in our ecosystem aren't inflationary since they're backed by actual revenue that the protocol generates. Furthermore, through $UNO burns over time, we're striving towards a deflationary path for $UNO. Our commitment continues beyond there - we're continually aiming to introduce novel services and improve the effectiveness of our capital utilization. This will enhance the real yields within our ecosystem and further solidify our revenue-sharing model. By effortlessly assuming the role of a Liquidity Provider (LP) and supplying insurance capacity through our risk-investment dApp, or by acquiring veUNO and exercising governance power, you stand to earn a share of our success too. Become an LP:

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Obtain your veUNO:

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/unoreinsure/status/1702020896645349730/photo/1

UNO looks forward to seeing our fellow builders at @token2049 . It's an excellent chance to elevate DeFi security to unparalleled heights! See you there 🛡️

We've noticed a plethora of questions from our community about $UNO tokenomics. It's time to untangle the complexity and delve into the specifics right here, right now. Let's unravel this!👇🧵

Maximizing capital use matters greatly, notably in insurance protocols. At Uno Re, we've put numerous measures in place to boost capital efficiency. Here's a sneak peek at some of them 🧵

Security stakes in the DeFi sector are changing. Consider two hypothetical DeFi protocols - Protocol A, reliant on traditional audits, and Protocol B, with the fortification of Uno WatchDog. These protocols, driven by dedication, talent, and sturdy capital backing, choose distinct paths to navigate the security landscape.👥 Protocol A goes for a tier-1 smart contract audit, putting its faith in traditional methods. However, future updates carry the possibility of fresh vulnerabilities. If exploited, the aftermath is severe. Past experiences of giants like @eulerfinance , @CurveFinance , and @Balancer falling prey to exploits indicate that it’s not “if” but “when” such an event will occur.⏳ In the event of a breach, usually at best, the protocol can recover around 90% of the stolen funds. But sometimes, they might face a total wipeout. 🛡️Contrastingly, Protocol B empowers its security with comprehensive Uno WatchDog solutions. The protocol ensures that every update is audited, sharply reducing the risk of new vulnerabilities. In the eventuality of an attack, Uno WatchDog's Active Monitoring system swiftly activates to provide real-time alerts and halt the attack. Even if the attack partially manages to break through, Uno WatchDog's insurance coverage becomes a safety net for the affected wallets. Imagine the collective power of this insurance, active monitoring, and continuous audits, all under the umbrella of Uno WatchDog. The end game: Protocol B builds an environment of trust and reassurance within its community, while Protocol A courts chaos and engenders distrust. So, the choice is yours to make - do you choose Protocol A with its potential vulnerabilities, or Protocol B with its layered security approach? Remember, the decision you make today will shape the future landscape of DeFi. 🔮

We're thrilled that @wefi_xyz is stepping up the game with a brand-new insurance policy with @unoreinsure to protect your investments. Safety, innovation, and transparency - that's our commitment. 💪 🧵👇

As part of our efforts to augment our insurance capacity, Uno WatchDog has evolved into a pioneering product within the DeFi security space. Here's how that came about, and what we aim to do next: 🛠️ Our stalwart commitment over the years to establishing an industry standard for DeFi actors to guard against hackers and malicious entities led us to offer decentralized insurance solutions. These coverage services successfully generated revenue for the protocol, it also led to the inception of a new opportunity. By integrating our robust service, decentralized insurance, with various other security tools, we found a new way to scale. This integration results in a comprehensive, highly customizable product that encapsulates our breadth of expertise — leading to the conception of Watchdog. Blending services offered by Uno WatchDog, most notably Active Monitoring and Continuous Audits, has resulted in a potent solution that is easy to market to potential clients and revenue-generating for our protocol. In addition, these security enhancements have helped decrease the risk exposure for clients and LPs. However, as we aim to expand and cover more extensive protocols and actors, it became apparent that we must amplify our insurance capacity. Thus, we entered a Mutual Partnership in a Quota Share Agreement with @NexusMutual . This partnership allows us to utilize their untapped capacity while enabling us to reduce risks and broaden Uno WatchDog’s footprint. The expanded capacity enables us to safeguard an increased number of protocols, both in terms of size and scale. Consequently, this results in larger $UNO burns and more efficient revenue distribution for our LPs and governance participants. This development enhances Uno WatchDog's potential to extend its reach within the DeFi ecosystem, while simultaneously reducing risks for our LPs. Notably, this scale-up contributes to the growth of our protocol's revenue due to the improvement efficiency of our risk-averse, high-ROI services like Active Monitoring and Continuous Audits. Considering the rising threats faced by top-tier DeFi entities, including escalating hacks and exploits, the need to strengthen Uno WatchDog has become incredibly urgent. The necessity for extensive security measures is now more apparent than ever before. 📢 We are excited to witness the ongoing progress of Uno WatchDog and eagerly wish to collaborate with industry colleagues to bolster security across the sector. Feel free to suggest protocols that you'd like Uno WatchDog to safeguard next, allowing you to enjoy your favorite platforms with enhanced safety.🔐

👏 Applauding @unoreinsure , our ultimate #security guardian! @unoreinsure ‘s WatchDog Security Suite brings: 🌐 Scallop biometric bridge insurance 🔍 Real-time active monitoring 🔒 Smart contract audit coverage We revolutionise crypto security!

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$UNO

The Uno Re DAO has green-lit activation of $200,000 protocol-wide coverage for all active @wefi_xyz users, further bolstered by the security of our Active Monitoring service! This sale is part of the policies facilitated by our quota share arrangement from @NexusMutual .

Mark your calendars for Sept 6! We're thrilled to engage in discussions with industry trendsetters from @coinbase , @zksync , and our friends at @lossless , among others. Don't miss this valuable opportunity to hear the industry leaders' insights on how security monitoring will revolutionize DeFi security.

🧸🔨BREAKING THE #CRYPTO BEAR MARKET🔥 🌊JOIN US AS WE TURN THE TIDE TOGETHER🤝 CROSS ECOSYSTEM PANELISTS🎙 $XDC - @CoinClubQuincy $VET - @mikeyleo_00 $XRP - @Spend_The_Bits #BTC - @tectumsocial $HBAR - @orbis86_x #ETH #BNB - @unoreinsure 👇

Security Monitoring: Catching Major Exploits 🧐 Join us Sept 6, and leading experts as we discuss how to monitor and catch crypto exploits. Our Speakers: @Cyvers_ @unoreinsure @coinbase @the_matter_labs @zksync @SpherexTech @losslessdefi @BoringSecDAO @chain_security Spaces…

Come see UNO at the @abc_conclave event today! It’s time to show DeFi that UNO WatchDog isn’t an option - but a standard 🛡️

🔔 Over $504M in assets have been siphoned off from leading DeFi protocols in hacks within the past three months. It's not just the smaller players; industry giants such as @CurveFinance , @Balancer , and @MultichainOrg haven't been spared either! Let's take a look 👇

Attention: Action item for Ajna borrowers. We recently identified a possible way to grief a section of users of the protocol. Whilst we're uncertain how likely this is to happen - we believe the safest thing to do is for users pay down their debt and withdraw their funds. This particular grief vector could impact some borrowers but should not materially impact lenders, so closing borrows and removing collateral is the only urgent task that we recommend. Of course it does not make sense to lend into a protocol with no debt, so please feel free to remove lending liquidity as well. Stay tuned for further info and redeployment news (once fixes have been run by our various security auditors). We don't anticipate it being a long turnaround. Ajna was built to be immutable and permissionless. A robust protocol designed for a truly decentralized vision of DeFi. A window between the launch of the protocol and the winding down of the team was always planned in order to test the resiliency of the design in a live environment, a period to catch any bugs or vectors such as this. We greatly appreciate the help from our partners and users in this endeavor. We remain committed to being fully transparent and taking the most conservative approach when it comes to user funds.

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🔐 Right security measures change everything. Introducing two DeFi protocol stories: one backed by Uno WatchDog's comprehensive protection and the other relying on traditional smart-contract audits. Discover what sets them apart: 👉https://t.co/toZ3j3tuQk

Another stark reminder of the crucial need for immense security at the protocol level! As seen with industry heavyweights like @CurveFinance and @Balancer , no protocol—regardless of size—is insusceptible to exploits. The recent @Balancer exploit underscores the importance of having an ultimate layer of security for end-users, regardless of whether they've been warned of potential risks. /unoreinsure/status/1696579524148752861/photo/1 Not everyone can constantly monitor the protocols they're invested in; safety standards must be in place. In traditional finance, retail rest easy by trusting that their funds are protected to a certain extent due to insurance; DeFi needs a similar approach. Uno WatchDog aims to address this need with leading services like continued audits, insurance policies, active monitoring, and Discord audits – all designed to minimize fund loss risks while providing peace of mind. /unoreinsure/status/1696579524148752861/photo/2 We can never fully anticipate or enumerate the latent vulnerabilities that might exist within even the most reputable protocols. However, we can mitigate these risks effectively with the right strategies. Consider, for instance, the incident with @UmbNetwork . The insurance coverage alone was substantial enough to compensate for 91% of the affected wallets post-hack. Calculation table for the coverage claim: /unoreinsure/status/1696579524148752861/photo/3

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Understanding that our industry can only endure a finite number of these damaging incidents is crucial. With each occurring hack, we see major protocols becoming targets. And as a consequence, the need for robust precautionary measures has never been more pressing.

𝗔𝗿𝗲 𝗮𝘂𝗱𝗶𝘁𝘀 𝗿𝗲𝗮𝗹𝗹𝘆 𝗽𝗿𝗼𝘁𝗲𝗰𝘁𝗶𝗻𝗴 𝘂𝘀? As losses from DeFi hacks, scams, and various exploits surpass an astonishing $77 billion, it's evident that the industry desperately requires more robust security measures. The current practice of conducting…

Our core contributor @jaskanwar_singh recently shared insightful dialogue with @GenfinityIO , emphasizing the pivotal role of a security layer for the widespread acceptance of #DeFi to emerge. In an in-depth conversation 💬, he elucidated the significance of insurance 🛡️ in introducing the staggering $1 Trillion of on-chain capital into the DeFi arena. Imperatively, high APRs alone won't suffice to position DeFi into mainstream adaptation. Drawing from the historical narrative, even attempts by the U.S. government to lure idle retail money back to the banks post-1930s crisis by hiking APRs, proved inadequate. So, how was trust restored in the banking system, leading to retail reinvestment? The answer lies in the establishment of the FDIC, providing crucial insurance 🛡️ and essentially a safety net for bank depositors. The insertion of this safety net addressed the pressing issue facing the U.S. economy 📊. Correspondingly, DeFi's current situation demands a similar remedy. To propel the Total Value Locked (TVL) 🔒 in DeFi protocols and potentially surpass $1 Trillion, we necessitate a native system ensuring end-user protection 🛡️. a.k.a - decentralized insurance. Restoring trust within the ecosystem is imperative for DeFi to claim its deserved place in the finance world. This scenario presents a golden opportunity for DeFi insurance providers to convert endless threats ⚠️ besieging the DeFi space into promising potential 📈. All these and more has been covered by @jaskanwar_singh , and we suggest everyone to put a close ear to the insights he has shared.

We’re always happy to help🛡️ Though we managed to freeze the stolen funds on the CEX post-exploit this time, we may not always be able to. Unfortunate cases like this prove irrefutably why thorough, continuous audits and the double-fortification of a coverage policy are invaluable to all DeFi protocols…and their communities. We wish Darwin and it’s community the best, and are here to offer our continued support.