Third Wall
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Introduction
Third Wall is on a mission to build a safer, more secure world of decentralized finance. As of September 20th 2021, there are $173 billion in assets locked in DeFi protocols and over $1 billion has been stolen in smart contract hacks. We believe DeFi protocol insurance will be necessary to onboard institutions and the next one billion everyday users. DeFi needs an additional layer of protection, and that is what we are building at Third Wall. We want to make sure users stay safe during exploits like these:
Protocol
Blockchain
Value Lost
PolyNetwork
PolyNetwork
$600 Million
Parity
Ethereum
$160 Million
EasyFi
Ethereum
$59 Million
Uranium Finance
Binance Smart Chain
$57 Million
DAO
Ethereum
$50 Million
Alpha Homora
Ethereum
$37 Million
Parity
Ethereum
$30 Million
dForce
Ethereum
$25 Million
Harvest Finance
Ethereum
$24 Million
Pickle Finance
Ethereum
$20 Million
Yearn
Ethereum
$11 Million
Maker
Ethereum
$9 Million
Total
$1.1 Billion
Smart contract hacks are inevitable, but current risk management solutions to deal with that risk are insecure/inadequate. At Third Wall, we strongly believe that our architecture will become the gold standard for DeFi coverage.
Third Wall is focused on the long-term and building in the right way. That means building in public in a collaborative process with our community, and generously rewarding every single person that contributes to making the Third Wall a reality. We are inspired by the launches of projects like Uniswap, and want to see Third Wall become a fully decentralized cornerstone of the DeFi world.
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Last modified 1yr ago
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