Conclusion

FailSafe is a safety and protection mechanism that is built for a user base that does not necessarily follow best security practices at all times. FailSafe avoids over reliance on any single defense mechanism, if one is bypassed, next one is inline to help minimise losses. This approach spans across the entire lifecycle of a Web3 transaction, from de-risking Web3 asset positions (via auto-rebalancing asset to cold storage) to intercepting the attacker’s transaction via the blockchain mempool, if all other defences failed.

Similarly, with FailSafe’s forward-security, the risk to the user’s Web 3 assets are reduced even if the underlying cryptographic based trust is compromised.