Security stakes in the DeFi sector are changing.
07 Sep 2023, 18:27
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.đź‘Ą
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. đź”®