RugSafe is a multichain protocol designed to transform the DeFi landscape by addressing rug-pull risks and introducing innovative financial instruments. Built on the Cosmos SDK, the RugSafe blockchain enables secure, decentralized recovery mechanisms, dynamic intents, and advanced asset management capabilities.

The RugSafe blockchain integrates recovery mechanisms and financial instruments to empower DeFi users:

1. Vault Mechanism: Secure deposits of rugged tokens and issuance of anti-coins, inversely pegged to token value.
2. Will Module: Automates asset actions such as transfers, claims, and contract calls based on defined will intents.
3. IBC Integration: Supports cross-chain communication and asset interoperability.

• Dynamic Automation: Define will-based actions such as scheduled transfers, claims, or contract executions.
• Secure Execution: Enforces permissions and ensures compliance with user-defined access controls.
• Customizable Conditions: Automate actions based on custom conditions

• Liquidity Monitoring: Detects sudden liquidity shifts indicative of rug-pull risks.
• Proactive Interventions: Executes protective actions like freezing or front-running suspicious transactions.
• Mitigation Systems: Enables automated user intents for responding to risky scenarios.

• Cross-Chain Communication: Supports secure asset transfers and interactions with other Cosmos SDK chains.
• Interchain Intents: Automate asset management across multiple chains using IBC.

The RugSafe protocol integrates advanced cryptographic techniques to ensure the confidentiality and integrity of claims processing. The Will Module leverages three primary methods for securing claims:

• Overview: Schnorr signatures provide a robust mechanism for validating claims by ensuring that only authorized entities can sign and submit claims.
• Benefits:
  • Lightweight and efficient for validation.
  • Offers provable security under the discrete logarithm assumption.
• Implementation:
  • Uses the edwards25519 curve for cryptographic operations.
  • Verifies claims by reconstructing the signature using the public key, signature components, and the hashed message.

• Overview: Pedersen commitments allow users to securely commit to a value while keeping it hidden, enabling zero-knowledge verification.
• Benefits:
  • Perfectly hiding and computationally binding properties.
  • Protects the confidentiality of sensitive data during claims.
• Implementation:
  • Claims are validated by checking that the sum of commitments matches a target commitment stored in the will.
  • Utilizes the ristretto curve for efficient point operations and serialization.

• Overview: zkSNARKs provide a way to prove the validity of a claim without revealing any underlying information.
• Benefits:
  • Enables full privacy-preserving claims.
  • Compact proofs with fast verification times.
• Implementation:
  • Allows claimants to generate and submit proofs based on predefined zkSNARK circuits.
  • Public inputs (if any) are securely provided to the chain for verification without compromising privacy.

• Claims processing is designed to support multiple cryptographic schemes for flexibility and enhanced security.
• The protocol automatically selects the appropriate mechanism based on the type of claim and its associated conditions.
• All cryptographic operations are performed on-chain to maintain trustlessness and decentralization.

Note: These privacy-preserving methods are key components of RugSafe's commitment to secure and confidential DeFi recovery mechanisms.

We welcome contributions to RugSafe! Join our community and help shape the future of DeFi:

• Discord: Join our community
• Telegram: Join the chat

RugSafe is released under the GPL License.

Note: This repository is under active development and may undergo significant changes. For a detailed understanding of RugSafe, refer to our white paper.