Security Framework and Audits

Audits

Rings is built on the Veda BoringVaults and its tokenomics are a fork of Thena’s ve(3,3) model.

• Veda Boring Vault audited by Spearbit and 0xMacro.

The Veda Boring vault has already secured more than $3 billion in TLV in products such as EtherFi's Liquid and Lombard's LBTC.

• THENA V2 has been audited by OpenZeppelin.

Only the delegation of voting power and a simplified gauge system (limiting gauge recipient to one) are used from the Thena codebase.

Safety Measures

Veda Boring Vault Protocol Whitelisting Criteria

• Only integrate fully audited protocols

• Minimum requirements: $100M+ TVL and 6+ months since deployment

• No experimental or high-risk strategies

Safety Mechanisms

• 5-day cooldown for scAsset redemptions

• 24h timelock delays for protocol changes

Risk Management

• Vault deposits capped at:

  • 10% of a protocol's TVL on Ethereum

  • 25% of a protocol's TVL on Sonic

These measures ensure the protection of underlying assets on Ethereum and of scAssets in the Sonic ecosystem, prioritizing user safety and protocol stability.