Ouroboros and Clearstar are among the first customers to leverage automated execution of pre-recorded transactions based on onchain triggers
Fordefi, an industry-leading MPC wallet purpose-built for decentralized finance (DeFi), and Hypernative are partnering to enable fund and treasury managers to rapidly respond to both threats and opportunities.
Fordefi's Continuous Automated Response Engine (CARE) feature is now enhanced with real-time threat monitoring and response capabilities powered by Hypernative.
This integration enables users to automate execution of pre-recorded transactions. The Hypernative Platform detects a wide variety of onchain triggers, including protocol hacks, asset depegging, phishing, economic risks, financial risks, and market disruptions.
We are pioneering the future of Web3 wallets by raising the bar on both security and user experience. Through the Continuous Automated Response Engine (CARE) and our collaboration with Hypernative, we're providing institutions with the critical tools they need to mitigate on-chain risks and capitalize on trading opportunities with greater confidence.
Josh Schwartz
CEO and co-founder @ Fordefi.
Clients start on Fordefi by pre-recording their transactions, including unstaking, adding collateral, removing liquidity, and repaying debt. They then set onchain triggers on the Hypernative platform. When activated, clients are automatically notified for signing through Fordefi.
Asset managers are already using the Hypernative-Fordefi integration to execute strategies that allow them to respond to risks and opportunities with automated actions including pulling out funds and adding more collateral. Ouroboros and Clearstar are the first customers to employ the solution.
Hypernative uses battle-tested, sophisticated machine learning models, heuristics, simulations, and graph-based detections to identify threats with high accuracy and give customers precious minutes to respond before exploits can do damage. The system monitors security, technical, financial, governance and other risks. Hypernative Platform detected 99.5% of hacks last year with less than 0.001% false positive rate and saved more than $200 million of funds to date.
Over 130 Web3 projects already rely on Hypernative’s real-time enterprise-grade platform that monitors over $37 billion worth of digital assets across more than 40 chains. The list includes Balancer, Blockdaemon, Chainalysis, Chainlink, Circle, Consensys, Ethena, Etherfi, Galaxy, Linea, Quantstamp, Solana, Starknet, and Uniswap.
Fordefi and Hypernative share a common mission and the belief that DeFi will be a key vector of mass adoption for blockchain technology. This partnership is an important step toward making Web3 secure for institutions and individuals alike.
Gal Sagie
Co-founder @ Hypernative
Fordefi’s MPC wallet is an all-in-one solution for digital assets management. Fordefi’s MPC wallet and security platform offers native connectivity to dozens of blockchains, self-serve policy controls, smart contract address verification, transaction simulation, and real-time risk alerts, alongside a full-stack developer suite of native APIs and SDKs.
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Hypernative is a real-time monitoring, risk detection and automated response solution that identifies threats with high accuracy and gives customers precious minutes to respond before exploits can do damage. The platform tracks both onchain and offchain data sources and uses battle-tested, sophisticated machine learning models and AI, heuristics, simulations, and graph-based detections to identify over 200 risk types, from smart contract hacks and bridge security incidents to frontend compromises, market manipulations and private key theft.
Reach out for a demo of Hypernative’s platform, tune into Hypernative’s blog and our social channels to keep up with the latest on cybersecurity in Web3.
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