kaal:claim:5583610-036

Smart contract exploits are a live failure channel for LER, capable of producing losses on the scale of DeFi incidents that have exceeded $1 billion annually and requiring insurance premiums of one to two percent of asset value.

Source quote, verbatim
Vulnerabilities such as smart contract exploits could result in losses akin to DeFi incidents, where failures have exceeded $1 billion annually, necessitating insurance premiums of 1–2% of asset value.
From

Wulf A. Kaal, Liquid Equity Rewards in Corporate America (2025), 9.1. Costs and Risks, p. 32
https://ssrn.com/abstract=5583610 · source PDF

Cite as

Wulf A. Kaal, Liquid Equity Rewards in Corporate America (2025). SSRN: https://ssrn.com/abstract=5583610

Holds when
Classification

failuresupport: evidencedfailure: smart contract exploitfamily: smart-contract-bug-and-exploitsmart-contractsrisk-and-incentivesconsensus-and-securitydefi

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