SLURP-21: Proposal to Procure Hypernative Services for Enhanced Security and Monitoring

Abstract: This proposal requests approval from the stake.link DAO to procure Hypernative’s comprehensive security and monitoring services on a yearly, recurring subscription basis. The goal is to significantly enhance the security of the stake.link protocol by leveraging Hypernative’s advanced threat detection and prevention capabilities.

Rationale: Hypernative offers a robust CryptoSecOps platform designed to address the relentless security challenges in the Web3 space. Given the increasing complexity and frequency of cyber threats, it is mission-critical for the stake.link protocol to adopt advanced security measures that go beyond traditional audits and procure real-time monitoring and proactive prevention.

Key Features of Hypernative Services:

-Comprehensive Risk Monitoring: Hypernative monitors both onchain and offchain data to predict cyber, economic, governance, and community threats before they impact the protocol.

-Proactive Detection and Prevention: The platform uses machine learning (ML) models to detect risks and connect them to preventive workflows, either manually or automatically.

-Phishing and Scam Detection: Hypernative detects phishing campaigns targeting token holders and fraud campaigns targeting community members. Protocol Operations Monitoring: The service includes monitoring treasury and wallets, large transfers, multi-sig wallets, and specific invariants in smart contracts.

-Oracle and Bridge Security Monitoring: It provides alerts related to oracle deviations and bridge security incidents, ensuring reliability and safety. Integration and Customization: The platform integrates with Slack, Email, API, Telegram, and Discord, offering customizable monitoring solutions tailored to our specific needs.

Subscription Details:

-Service Period: Recurring yearly upon approval from the stake.link DAO -Coverage: Up to 45 addresses, 75 custom agents, 10 protocols, support for 5 chains, and 3 automated actions. -Cost: $25,000 per year, paid for by the stake.link DAO Treasury. Implementation: Upon approval, the stake.link DAO will allocate $25,000 for the yearly subscription to Hypernative from the stake.link Treasury.

This investment will ensure that the stake.link protocol is equipped with state-of-the-art security measures to protect against various threats, enhancing overall protocol safety and reliability.

Ending Thoughts

Adopting Hypernative’s services will provide stake.link with a comprehensive security framework working around the clock, 24/7/365 – essential for maintaining trust and ensuring the safety of the protocol’s operations.