How We Secure Your Digital Assets

In the world of digital assets, security breaches can be catastrophic and irreversible. That's why security at Olbra isn't an afterthought—it's woven into every aspect of our operations, from how we store assets to how we write code to how we respond to incidents. This article provides an overview of our security approach.

Multi-Signature Custody

The most fundamental security measure is how we custody assets. We use multi-signature (multisig) wallets that require multiple independent approvals before any transaction can be executed.

• Threshold Signatures: Our operational wallets require a minimum of 3-of-5 signatures from authorized key holders. This means a single compromised key cannot move funds.
• Geographic Distribution: Key holders are distributed across multiple locations and time zones. This prevents single points of failure and makes coordinated attacks extremely difficult.
• Hardware Security Modules: Private keys are stored in HSMs—specialized hardware devices designed to resist physical and digital tampering. Keys never exist in plain text outside these devices.
• Institutional Custody Partners: For additional security, a portion of reserves is held with licensed institutional custodians who provide insurance coverage and additional operational controls.

Smart Contract Security

Smart contracts are the backbone of DeFi—and a common attack vector. We take a defense-in-depth approach to contract security:

• Independent Audits: All production contracts undergo multiple audits from reputable security firms before deployment. We don't rely on a single auditor's opinion.
• Formal Verification: Critical contract logic undergoes formal verification—mathematical proofs that the code behaves as intended under all possible conditions.
• Bug Bounty Program: We maintain an active bug bounty program that rewards security researchers for responsibly disclosing vulnerabilities. Bounties scale with severity, with critical findings earning substantial rewards.
• Staged Deployments: New contracts are deployed to testnets first, then to mainnet with limited exposure, before being fully enabled. This catches issues before they can cause significant harm.

Operational Security

Technical measures are only part of the picture. We also implement rigorous operational security practices:

• Access Controls: Employees have access only to the systems and data necessary for their roles. Access is reviewed regularly and revoked immediately when no longer needed.
• Two-Factor Authentication: All internal systems require hardware-based 2FA. We don't accept SMS or app-based codes for sensitive operations.
• Security Training: All team members undergo regular security awareness training, including phishing simulations and incident response drills.
• Vendor Assessment: Third-party services we rely on are assessed for their security practices before integration and monitored continuously thereafter.

Insurance Coverage

Despite all preventive measures, we maintain insurance as a last line of defense:

• Custody Insurance: Assets held with institutional custodians are covered by their insurance policies, protecting against theft, fraud, and certain operational failures.
• Crime Insurance: We maintain policies covering employee theft, cyber fraud, and social engineering attacks.
• Protocol Coverage: We're exploring on-chain insurance protocols that can provide additional coverage for smart contract risks.

Insurance doesn't prevent breaches, but it provides a recovery mechanism if prevention fails. We view it as essential infrastructure, not optional protection.

Incident Response

How you respond to incidents matters as much as prevention. Our incident response framework includes:

• 24/7 Monitoring: Automated systems monitor for anomalies in contract behavior, unusual transaction patterns, and infrastructure issues. Alerts trigger immediate investigation.
• Emergency Procedures: We have documented, tested procedures for various incident types—from contract vulnerabilities to infrastructure compromises to social engineering attempts.
• Circuit Breakers: Critical contracts include pause functionality that can halt operations if an exploit is detected, limiting potential damage while the issue is resolved.
• Communication Plans: We have pre-established channels and templates for communicating with users during incidents—transparency is critical for maintaining trust.

What You Can Do

Security is a shared responsibility. Here's how you can protect yourself when using Olbra:

• Use Hardware Wallets: Store significant holdings in hardware wallets rather than hot wallets or exchange accounts.
• Verify Contracts: Always verify you're interacting with official Olbra contracts. Check addresses against our documentation before approving transactions.
• Beware of Phishing: We will never ask for your private keys or seed phrase. Official communications only come from verified channels.
• Start Small: When trying new protocols or features, start with small amounts until you're comfortable with how they work.
• Keep Software Updated: Ensure your wallet software and browser are up to date with the latest security patches.

Continuous Improvement

Security is never "done." The threat landscape evolves constantly, and so must our defenses. We continuously:

• Monitor emerging threats and attack patterns in the DeFi space
• Update our practices based on lessons learned from industry incidents
• Engage with the security research community through our bug bounty program
• Invest in new security technologies and methodologies

Questions about our security practices? Read our security documentation or reach out to our team directly.