Balmy, the leading on-chain banking platform, proudly announces the public launch of Earn Guardian, a security protocol that leverages Pre-Attack Intelligence to protect DeFi funds earning yield.
This innovation marks a significant step forward in addressing one of DeFi’s most critical challenges: safeguarding assets before an attack even happens.
After a successful early access phase, Earn Guardian is now available to everyone offering some of the best low-risk high-rewards APYs in DeFi.
Thanks to over $150K in OP liquidity mining rewards, users can earn yield while benefiting from enterprise-grade security tools in web3.
*Yields are subject to change based on market conditions.
Earn Guardian is built on real-time threat detection, allowing users to earn yield from protocols like Aave, Compound, and Morpho while knowing that if a potential attack is detected, their assets could be moved to safety before the damage is done.
The Next Evolution in DeFi Security
“If you’ve ever experienced the panic of receiving a late-night message about a DeFi hack, you know how crucial it is to act fast,” said Alejo Amiras, CEO of Balmy.
“We’ve heard countless stories from users who received news of a hack in situations where they could do nothing but watch as liquidity drained before they could act. Earn Guardian was born out of these very moments. We asked ourselves, ‘Why can’t security experts act on our behalf when they detect an issue and save us the trouble?’”
Balmy’s Earn Guardian does exactly that. Users can choose from top security firms—known as Guardians—to monitor their funds.
If a protocol is compromised, the Guardian can pull the funds into a secure Balmy smart contract before an exploit is executed.
Now, with this public launch, all users also gain access to a referral system where they can climb tiers to unlock perks like higher yield opportunities, fee reductions, raffles and exclusive NFTs.
How it works
1. Users select a vault to earn yield, which is secured by a security firm (Guardian) based on factors like fees, reputation, and performance history. This Guardian will actively monitor the protocols where funds are earning yield.
2. Guardians utilize a range of tools—such as mempool monitoring, machine learning models, and bytecode scanning—to detect and react to potential attacks. If suspicious activity is found, they move the user’s funds out of the vulnerable protocol into a secure Balmy smart contract, ensuring the assets remain safe.
3. The threat is verified after the funds are rescued. If it’s a false alarm, funds can be redeposited and continue earning yield. If a legitimate threat is detected, the user’s assets remain safe, and Guardians are rewarded with a rescue fee for their protection efforts.
4. In cases where the threat’s validity is disputed, Balmy verifies them internally. But in the future, users will be able to escalate disputes through a decentralized arbitration protocol, ensuring a transparent and fair process.
A safer DeFi experience for Yield Hunters
“No solution can guarantee 100% safety, but we believe Earn Guardian is a massive leap forward in protecting the growing sophistication of DeFi attacks,” added Alejo.
With Earn Guardian, we’ve taken the most important step toward creating a DeFi experience where users can feel confident that their funds are growing and protected.
As part of its launch, Balmy is collaborating with renowned security experts to build an open marketplace for Guardians, where firms can compete for users’ trust, setting a new standard in DeFi security.
Projects wishing to apply to be Guardians on Balmy can reach out at this link.
Balmy believes that empowering users to choose their Guardians in an open market, will elevate the role of security professionals and set a new benchmark for DeFi protection.
About Balmy
Balmy is an on-chain banking platform that puts users at the center of their DeFi journey by offering an all-in-one solution.
With Balmy, users can swap assets at the best prices, invest in a variety of assets, generate yields, and set up recurring investments—all while tracking their entire portfolio in one place.
Combining top-notch decentralized technology with a user-first approach, Balmy redefines what’s possible in DeFi, providing an excellent way for users to earn, protect, and explore new financial opportunities.
For more information, please visit Balmy’s website or contact Emiliano, Lead Communication at press@balmy.xyz
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