DeFi Protocols Adopt Safe Harbor Agreements for White Hat Hackers
DeFi Protocols Adopt Safe Harbor Agreements for White Hat Hackers
🛡️ White Hat Protection
A dozen DeFi protocols have joined the Safe Harbor Agreement, providing legal protection for white hat hackers who intervene to save funds during protocol exploits.
The agreement promises not to prosecute ethical hackers who step in to prevent or mitigate damage from security breaches. This creates a safer environment for security researchers to act quickly when they discover vulnerabilities.
Key benefits:
- Legal immunity for white hat interventions
- Faster response times during exploits
- Enhanced protocol security through community participation
This initiative represents a significant step toward collaborative security in DeFi, encouraging responsible disclosure and intervention rather than malicious exploitation.
Proud to join forces with some OG teams as part of the Safe Harbour Agreement. The agreement promises not to prosecute white hat hackers who intervene to save funds in the event of protocol exploits. Read more below ⬇️
Alchemix Confirms Safety from NPM Supply Chain Attack
**Alchemix has confirmed its platform remains secure** following a recent NPM supply chain attack that affected multiple DeFi protocols. The team conducted a **thorough codebase review** and found no impact on their systems or infrastructure. This follows similar confirmations from other protocols like DZaps. **Key security reminder:** - Always double-check everything before signing transactions - Stay cautious when interacting with DeFi protocols - Verify official communications from trusted sources The incident highlights the ongoing security challenges in the web3 ecosystem, where supply chain attacks can potentially compromise multiple projects through shared dependencies.
Euler V3 Enters Audit Phase
Euler's V3 protocol has officially entered the audit phase, marking a significant milestone in its development roadmap. Three respected firms will conduct comprehensive security reviews: - ChainSecurity - SpearbitDAO - OpenZeppelin This follows the successful completion of multiple audits for Euler v2 in April 2024. The audit phase represents one of the final steps before the V3 deployment. *Security remains a top priority* as Euler continues building robust DeFi infrastructure.
Alchemix Reports 112% Growth on Arbitrum in Q3 2024
Alchemix has released its Q3 2024 Financial Report covering July through October. The protocol showed significant growth across multiple chains: - Improved pricing for alETH and alUSD tokens - 112% expansion on Arbitrum network - 20% growth on Optimism chain The report demonstrates continued expansion of the self-repaying loan protocol across Layer 2 networks. Full details available in the comprehensive report and summary on Medium.
Beefy Finance Launches New alETH-alUSD CLM Vaults on Optimism
Beefy Finance has introduced new Concentrated Liquidity Management (CLM) vaults for alETH-alUSD pairs on Optimism. - The vaults feature auto-compounding yield functionality - Users can choose between 50/50 or single-sided positions - CLM technology optimizes utilization for enhanced yields Available now on app.beefy.com under the Optimism network selection. *Visit Beefy Finance to explore these new yield opportunities.*
Latest alAsset Yield Opportunities Across Networks
Current high-yield opportunities for alAssets across major networks: - **Arbitrum** (via Ramses Exchange): - alETH-ALCX: 108% APR - alUSD-alETH: 88% APR - **Optimism** (via Velodrome): - alETH-OP: 35% APR - alUSD-USDC: 31% APR - **Mainnet** (via Convex): - ALCX-FRAXBP: 118% APR - alUSD-FRAXBP: 32% APR Track current yields at alchemix-stats.com/earn