Myself and many of my engineers have worked in this industry for a decade, and built protocols with billions of dollars in TVL and processed millions of transactions. We know ball. But...
Unfortunately, money onchain is just nowhere near as safe as it used to be with LLM advancements. We're seeing some of the best teams in the industry that put every best foot forward with regards to security and pay immense attention to detail STILL get exploited.
You ultimately do need to think about building protocols in vastly different ways in this new landscape. This is why
@CadeMarket is built to be as TVL minimized as possible.
1. The MAXIMUM amount of funds that could be at risk at any given time is the sum of the pools of ONLY currently active markets. These markets already have short lifespans (5 minutes or less).
2. Users deposit directly into embedded wallets that THEY control. Cade has zero control over the funds in these wallets, and the protocol can not freely pull/transfer from them.
3. After a market ends, winnings are immediately sent back to winners embedded wallet.
4. Each market is entirely isolated, and can not interact with other markets.
When building protocols now, you have to play on defense, and take every step that you can to reduce the amount of potential at risk funds, and THIS is what we are doing at Cade.
Cade on.