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.
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