Skip to content

v0.1.0 — Cover that pays itself out

Choose a tag to compare

@Mandate210 Mandate210 released this 21 Aug 13:32
· 49 commits to main since this release

What's new

Parametric cover for Solana protocols, live on devnet — when a protocol's
privileged admin access is used in a way it never declared, the pool pays the
protocol's treasury automatically. No claim, no assessor, no human in the loop.

Measured on devnet

Budget Result
Compromise shapes recognised, of ten reproduced ≥ 9 10
False incidents, over 819 real historical privileged transactions 0 0
Offending transaction → money in the treasury ≤ 180s ~20s
Confirmation → payout initiated (p95) ≤ 30s 12s
Fees to carry one incident ≤ $1.00 $0.008

The control matters as much as the count: a maintenance operation the protocol
had declared in advance is left alone. Without that, "ten of ten" is equally the
score of a system that opens an incident on everything it sees.

Deployment

Program DsRdHv4QRYQ7teVhwuLVttktF792gvDFQdiuraQ4eF4P on Solana devnet.
Demo interface: https://mandate210.github.io/mandate/

What this release is not

  • The web interface still runs on mock data.
  • The capital in the pool and the policies are ours; outside underwriters cannot
    deposit yet.
  • Every attestor is run by us, so quorum independence is arithmetic rather
    than factual.
  • On devnet the declaration delay is 30s where the product parameter is 24h, and
    the settlement asset is our own mint. Both are fixed forever in that deployment
    and are properties of the demonstration.
  • No mainnet and no external audit.