Hello all,
We’re publishing here to express blockful’s interest in joining the Arbitrum Security Council.
About blockful
blockful specializes in governance security, ensuring protocol resilience by proactively identifying and mitigating security threats. Our work goes beyond code, analyzing governance structures, participation risks, economic behaviors, and potential attack vectors that could impact decentralized systems.
We are a company focused on creating tools that help improve coordination between human beings in society. We use lines of code to reduce friction between people and increase the efficiency of social interactions.
Here’s a brief overview of our work:
- A research on ENS governance, where blockful identified and addressed a potential $150M USD governance risk within the ENS DAO
- Announcing $110,000 Grant to blockful for the Uniswap Foundation Governance Security Review
- Governance Audit and Dashboard by blockful
- Scale ENS on Arbitrum
Why Blockful
In the last Security Council election, we put Arbitrum’s voting mechanisms to the test. Our objective was the same as with Anticapture: to ensure DAO security through a deep understanding of governance and by analyzing the risks associated with it.
In this election, we aim to participate in the Security Council to take on this role as a governance risk manager for Arbitrum.
We have proven our ability to find vulnerabilities. Now it is our time to contribute to Arbitrum’s security.
The action in Arbitrum was one of the initiatives carried out by the Anticapture team. We have also worked with other DAOs, identifying risks and contributing to their security:
- ENS Governance Analysis: Identified and resolved a critical governance risk in ENS DAO, preventing potential vulnerabilities and creating the ENS Security Council.
- The latest attempt to capture Compound by Humpy: we identified movements by a well-known DAO attacker, Humpy, potentially aiming to block proposals in Compound governance.
- The debate between Aave Labs and Aave DAO: we mapped addresses associated with Aave Labs that could potentially be used to approve the proposal Aave Will Win, responsible for approving a budget of more than $40M for Aave Labs.
Security Approach
blockful specializes in detecting and mitigating risks before they escalate into systemic failures. Our proactive approach includes continuous monitoring, technical risk analysis, and direct intervention when security threats emerge.
With a dedicated team of engineers and security researchers, blockful is equipped to support protocol-level security improvements and risk assessments. Our experience in smart contract security, attack vector analysis, and DAO risk mitigation makes us an ideal member for the Arbitrum Security Council.
We are confident in our ability to add value to the Security Council and are prepared to contribute meaningfully in this role. Looking forward to engaging with the community on this.
The representative will be @alextnetto. He was responsible for addressing the potential attack on the ENS DAO. He is also the creator of the ENS DAO Security Council, a smart contract developer, and co-founder of blockful.