Rings Protocol
  • Overview
    • Introduction
    • Veda Vaults
      • Collateral vault (Ethereum)
      • Staking vault (Sonic)
    • Rings, Sonic & Veda Points
    • Security Framework and Audits
    • Gauge Listing Framework
    • Treasury / Backing Address
  • Tutorials
    • Introduction
    • Minting
    • Staking
    • Locking
  • Developers
    • Veda BoringVaults
    • Staked scAssets & yield distribution
    • scUSD/scETH veNFT
    • Quest integration
    • Smart Contracts
    • Bug Bounties
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  • Audits
  • Safety Measures
  • Veda Boring Vault Protocol Whitelisting Criteria
  • Safety Mechanisms
  • Risk Management
  1. Overview

Security Framework and Audits

PreviousRings, Sonic & Veda PointsNextGauge Listing Framework

Last updated 3 months ago

Audits

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

  • Veda Boring Vault audited by .

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 .

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.

Veda
Thena
Spearbit and 0xMacro
OpenZeppelin