Failures
Failure records.
Classes of failure, plus two named histories. Primary sources outrank these pages.
- Failure caseTerra and the UST pegA peg that depended on arbitrage against the system's own token.
- Historical documentDiemA proposed currency and wallet system that did not launch as designed.
- Failure caseBridge and key failuresWhen the thing that fails is the set of keys between two chains.
- Failure caseOracle failuresA correct contract on a false price is a false result.
- Failure caseGovernance captureA vote is a mechanism. It is not a guarantee of a good decision.
- Failure caseIncentive designs that pay for a proxyA reward for a measurable stand-in, not for the service a customer wanted.
- Failure caseUnder-collateralised designsA liability that is larger than the assets that can actually be sold.
- Failure caseSmart-contract failuresThe code did what it was written to do, including the bug.
- Failure casePrivacy tools that did not hide what users thoughtHiding one field and leaking another.
- Historical documentAbandoned enterprise pilotsA pilot that proved a demo and not an operating system.