Level 3
DeFi Risk & Research Specialist
You can investigate a protocol's risks systematically and evidence your findings.
Smart contract, economic, market, oracle and governance risk, plus composability and systemic dependencies.
Smart contract riskEconomic riskMarket riskGovernance
Module 13 — Smart Contract Risk
Failure classes, upgrade and admin risk — and why the existence of an audit does not mean a protocol is safe.
Module 14 — Economic Risk
Leverage, reflexivity, incentive dependency and liquidation cascades.
Module 15 — Market Risk
Volatility, correlation, drawdown, tail risk and market concentration.
Module 16 — Stablecoin Analysis
Issuer, reserve, redemption, peg mechanism — under normal conditions and under stress.
Module 17 — Oracle Risk
Where a protocol's prices come from — and what happens when that source is wrong.
Module 18 — Governance Risk
Who can actually change a protocol, how fast, and with how much warning.
Module 19 — Composability & Systemic Risk
Direct, indirect and dependency exposure along a chain of protocols.