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Karo

@elemoghenekaro

Building @Parametrig insurance on both sides of the ledger. Promoting proactive emergency responses in DeFi via LIF https://t.co/MU0tI8VCMg

Katılım Aralık 2011
1.2K Takip Edilen1.7K Takipçiler
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Karo
Karo@elemoghenekaro·
Four eras of blockchain intervention. This is one of the key frames from my EthCC talk. A key point is that intervention in crypto evolves. And there will probably be a fifth era. I think this next era starts when insurance is built into the loss stack.
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Marques Brownlee
Ok genuine question: Would you actually trust an AI with your credit card to execute this in one click?
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Karo
Karo@elemoghenekaro·
We're honored to be selected for the Ethereum Security Quadratic Funding Round, and grateful for every contribution to LIF so far. Incredibly thankful to @griffgreen, who put it perfectly with the home insurance example: "Insurance is clearly a huge piece of securing our space." Analogous to home insurance, insurance works best when there are smoke detectors, no faulty wiring, and no missing locks. That baseline is the proper posture that helps prevent catastrophe in the first place. LIF does the same for DeFi protocols. Before we can price coverage, and before a protocol can credibly say "we're prepared," we need to define what "prepared" actually looks like: monitoring, circuit breakers, emergency authority boundaries, and recovery evidence. That's what your donations fund. Right now, we're shipping Readiness v0.1 – a public checklist and scoring rubric that protocols can use to measure their incident response posture before an exploit happens. Higher funding unlocks deeper tooling on lif-research.org, L2‑specific guidance, and public assessment flow for governance councils. 705+ incidents in the dataset and growing. 80% of emergency interventions were improvised. Let's make the next one different. giveth.io/project/lif-le…
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Karo
Karo@elemoghenekaro·
Tbh, it is no fault of Nexus. Incredible team and pioneers in a largely unpredictable space. DeFi is drastically uninsured because it is simply too difficult to measure and price risks, highly adversarial, and opsec fails carry more weight in losses than code bugs. 2020-2025: only ~5.7 bps of losses were covered. That is $0.57 recovered per $1,000 lost. A 99.94% gap. Coverage spikes after major hack years, then it lapses. At @Parametrig, we know the bottleneck is on the supply-side: capital won’t underwrite at scale without measurable risk, faster claims and bounded, legible coverage in the loss stack. We’ve built LIF - lif-research.org - as the framework for prevention-first security, bounded incident response, tooling, and soon to include insurance that evaluates the full architecture. We are building the underwriting and claims infrastructure that can scale capital beyond DeFi. But first, we want teams to commit towards proactively improving their intervention responses and emergency governance to pave the path. You cannot price a system with clear emergency action plan in place, the same way you do one that has none.
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0xGeeGee@0xGeeGee

Anyway, a fun reminder that Nexus doesn’t cover bridge related exploits

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Griff Green - griff.eth
There are 134 projects GREAT projects in this QF round... which makes it REALLY hard to pick your faves. So @giveth made a cheat sheet for your LLM! It will update every 2 hours: qf.giveth.io/llms.txt
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Karo@elemoghenekaro·
@nicnode @thedaofund @Giveth Hi! Please check out the Legitimate Intervention Framework (LIF) - we're promoting preventive measures against exploit so protocols can be insured. LIF is based on findings from 705 exploit cases and formalizes the taxonomy for interventions qf.giveth.io/project/lif:-l…
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Nico Gallardo
Nico Gallardo@nicnode·
just donated to the @thedaofund Security QF round on @Giveth, but I have the feeling I'm missing some of the absolutely crucial to avoid some of the most salient security issues Ethereum is facing (e.g. the recent hacks) can anyone give me a hand here? I'll do a second go soon
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Karo
Karo@elemoghenekaro·
@Ikxnna Disappointing end but we’ll take it lol
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Ọchụbie
Ọchụbie@Ikxnna·
Nooooooo!!!! Everton!!!!!
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Karo
Karo@elemoghenekaro·
We’re still in the run for the Ethereum Security QF round on Giveth. We’re new and mostly behind the scenes research working to surprise proactive security measures in DeFi. If you’re considering supporting a project up and coming, please check out LIF qf.giveth.io/project/lif:-l…
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Karo@elemoghenekaro·
@LisaKell_ Thank you very much!
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Karo@elemoghenekaro·
Yes!!! Everton lfg!
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Griff Green - griff.eth
Griff Green - griff.eth@griffgreen·
I have heard the feedback that picking & choosing which projects to support in TheDAO's Ethereum Security QF round is too damn hard. Every project is incredible! Well now there is a simple solution! Donate directly to the round: giveth.io/project/ethere…
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Griff Green - griff.eth
Griff Green - griff.eth@griffgreen·
OMG I just spent 6+ hours going through the projects in the QF round on this live stream and.... EVERY SINGLE PROJECT WAS INCREDIBLE. h/t to @GivJake & @Cotabe_M for enforcing the eligibility criteria to @WhyldW @karmaticacid & @yegorgolovnia for designing the application form & to @ethereumfndn's YJ for working with us to design the elegibility criteria The hard work really shows in the quality of these projects.
Ethereum Foundation@ethereumfndn

Live now: @jchaskin22 & @griffgreen review the 100+ projects in @thedaofund's Quadratic Funding Round—@Giveth's biggest QF round. x.com/i/broadcasts/1…

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Karo@elemoghenekaro·
Wow what a game!
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Karo@elemoghenekaro·
If Arteta subs Eze this time, we’ll have to protest
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Giveth
Giveth@Giveth·
If you’re tired of watching exploits dominate the timeline, this is your moment to act. The Ethereum Security QF Round is LIVE! Support the people and projects securing Ethereum and its L2s. 500 ETH (~$1M+) in matching from @thedaofund. Explore & donate: qf.giveth.io/qf/ethereum-se…
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