DERS
A giant leap to secure DeFi
Demo
About
The problem it solves We are not trying to solve smart contract level security issues, that are coverd unter the auditing, but rather real-world issues a DeFi smart contract faces, or faced by it's consumers. Any enviornment where people transfers thier money everyday, is susceptable to manipulations, which might lead to entire failiure of protocol or loss of commenors money, we solve this issue by setting up a validator community, who monitors smart contracts in return for rewards.Once a contract is registerd over the platform the validators will create and vote incase of any threats. In addition to this we have an AI for quick intereferance which monitors your contract and puases it when a threat is detected. The threats include Price Oracle Manipulation in DEX's, Flash Loan Attacks, Governance attacks etc. Additional Features -AI monitoring for quick response. - High priority and low priority Alerts. - Smart contract level puasing. - Exclusive reward program for voters, also greater reward for the creator of alert. - Rank based priority system, which acts as threshold for alert creation and consensus. - Higher the stake hiegher will be the reward.
How it's made
Challenges we ran into Buidling consesus algorithm was little diffucult, for fidning the best for this purpose.