Why Smart Contract Risk Isn't the Real Threat to Vaults Anymore

Description

Smart contract exploits used to be the biggest risk in onchain vaults. Sun Raghupathi, cofounder and CEO of Veda, says that's no longer true, the risk has shifted to key management and governance, the layer behind incidents like KelpDAO and Drift. He maps the full risk stack, smart contract, operational, and economic, and lays out what to actually check before trusting a vault with your money. Host: Laura Shin, Founder, CEO and Host of Unchained - https://x.com/laurashin Guest: Sun Raghupathi - Co-Founder and CEO of Veda - https://x.com/sunandr_ This clip is from a longer conversation on onchain vaults and the SEC's new statement on vault securities law. Full episode here: https://youtu.be/xqb-2g6OqtE We go live twice every week - subscribe to catch it live. 👉 Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at https://cape.co/unchained (use code: UNCHAINED). Chapters 🔐 00:00 Veda's three-party vault model: infrastructure, curator, distributor ⚠️ 02:03 What can actually go wrong in a vault, from smart contracts to governance 🛟 05:35 Who eats the loss, and why Sun doubts vault insurance 🔑 07:05 How to vet a vault partner's key management before trusting them _______________________________________________________ #bitcoin #ethereum #crypto #cryptocurrencies ++++++++++++++++++++++++++++++++++++++++++++++++ Subscribe to our channel! Website → https://unchainedcrypto.com Unchained Daily Newsletter (FREE!)→ https://unchainedcrypto.beehiiv.com/subscribe/ Unchained X → https://x.com/unchained_pod Apple → https://podcasts.apple.com/us/podcast/id1123922160?ls=1 Spotify → https://open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf?si=6SI4qIcRTEO7EhOe0V9n4w RSS Feed → https://feeds.megaphone.fm/LSHML4761942757 Unchained: Your no-hype resource for all things crypto!