November 6, 2024
Hypernative News

TokenLogic Activates Real-Time Onchain Risk Mitigation With Hypernative

Hypernative's threat monitoring and automated response is helping secure the leading onchain capital management solution

Hypernative

Hypernative's real-time threat monitoring and automated response platform is now helping secure TokenLogic, a leader in onchain capital management solutions.

TokenLogic is a tight-knit group of DeFi enthusiasts dedicated to helping communities manage their finances with customers that include Aave, Kelp, and Stader. With Hypernative, the team will be able to monitor a broad range of risks:

  • Security: Hacks, smart contract vulnerabilities, bridge exploits, malicious contract activities;
  • Operational: Private key theft, phishing scams, compliance issues, and multisig risks;
  • Technical: Frontend attacks, staking risks, and infrastructure threats;
  • Financial: Oracle manipulations, shifting liquidity, PSM depletion, flash loans, depegging incidents, sandwich attacks, and more.
"At TokenLogic we value security and strongly believe that each additional layer of protection is vital for us to be able to offer state-of-the-art risk detection and mitigation tooling. With the ever-increasing sophistication of attacks and operational risks in the DeFi space, having a progressive partner like Hypernative only strengthens our capabilities to ensure partners' funds are always kept secure."
Matthew Graham, Founder, TokenLogic

One of the reasons TokenLogic chose Hypernative after considering a number of competing offerings is the flexibility and ease with which the platform’s users can set up automated onchain actions that help projects stay one step ahead of malicious actors. TokenLogic will be able to securely withdraw funds from compromised protocols immediately after detection.

Read more: Beating the Hack: How Clearstar Saved Thousands Using Onchain Automation

TokenLogic will also use the Hypernative solution to monitor staking and custody activities in real-time, ensuring that potential slashing, missed rewards, or unexpected exits are promptly addressed. The platform will also help the team oversee treasury operations and governance decisions, tracking wallet interactions and monitoring for phishing attempts and suspicious addresses.

"We strongly believe that high-accuracy threat detection combined with automated onchain response is a game changer for DeFi security. Leading projects in this space like TokenLogic adopting these tools is a major step toward making Web3 safe for the next billion users."
Gal Sagie, Co-founder, Hypernative

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 $350M of funds to date.

Token Logic joins over 150 Web3 projects that rely on Hypernative’s real-time enterprise-grade platform that monitors over $37B 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.

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.

Secure everything you build, run and own in Web3 with Hypernative.

Website | X (Twitter) | LinkedIn

Hypernative can protect you from zero-day vulnerabilities, frontend hacks, state actor threats and much more.

Book a demo