November 12, 2024
Hypernative News

Projects on Stacks Can Now Access Hypernative's Real-Time Security Tools

The ability to monitor and respond to onchain risks and opportunities in real time will make the whole Stacks ecosystem safer and more vibrant

Hypernative

In July, Hypernative announced that Stacks was adopting our real-time threat detection and response platform. Now, projects on the Layer 2 solution for building new use cases on Bitcoin have access to new security tools.

Projects building on Stacks can access the Hypernative Platform for free to monitor onchain risks and opportunities in real time, including:

  • Contract edge cases and state changes, such as liquidation risks, yield fluctuations, adjustments to borrow and supply caps, suspending withdrawals;
  • Transfers of above or below set thresholds;
  • Wallet balances exceeding or falling below specified limits.

Builders can use Hypernative's intuitive, no-code UI to set up an alert configuration in a matter of minutes or accomplish the same using APIs. Users can also fully customize events, sequences and thresholds to cover all of the unique edge cases and ensure that all unusual states are accurately detected and quickly handled. Hypernative's team of experts also provides assistance in fine-tuning monitoring conditions to make sure the alerts you get are relevant and actionable.

Bringing DeFi to the Bitcoin network will have to go hand in hand with improvements in security and these new capabilities are just the first step in that direction. We are very glad to have Hypernative join our mission to activate the Bitcoin economy.
Setzeus
SetDev & OrangeHats Initiative, Stacks

Read more: Stacks Ecosystem Is Now Secured by Hypernative

Projects on Stacks that chose to upgrade to the paid tier unlock automated onchain response capability, such as pausing contracts, moving funds to cold storage, unwinding positions, and changing protocol parameters. The paid tier also has a higher upper limit of configured monitors.

Hypernative Platform 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 $500M of funds to date.

Over 150 Web3 projects already rely on Hypernative’s real-time enterprise-grade platform that monitors over $100B worth of digital assets across 45 chains. The list includes Balancer, Blockdaemon, Chainalysis, Chainlink, Circle, Consensys, Ethena, Etherfi, Galaxy, Linea, Quantstamp, Solana, Starknet, and Uniswap.

If you are building on Stacks, reach out to get a free account on the Hypernative platform and set up an onboarding call. Tune into Hypernative’s blog and our social channels to keep up with the latest on cybersecurity in Web3.

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