# smartcontracts

#DriftProtocolHacked
🔐 Drift Protocol Hacked — Security Concerns Rise
Recent reports indicate that Drift Protocol has been affected by a security breach, raising fresh concerns across the decentralized finance (DeFi) ecosystem. Incidents like these highlight the ongoing challenges faced by protocols in maintaining robust security while operating in an open and permissionless environment.
Hacks and exploits in DeFi often exploit vulnerabilities in smart contracts, liquidity mechanisms, or external integrations. Such events can lead to loss of funds, reduced user confidence, and short-term dis

Why rely on “trust me” when you can rely on code-enforced transactions? In DeFi, the principle is simple: code is law.
Peer-to-peer trading often carries counterparty risk. One side might send funds while the other fails to complete their part of the deal. On STONfi, this problem is addressed with Escrow Swaps, built on The Open Network.
Escrow Swaps use smart contracts to act as a neutral intermediary. Assets are locked in the contract and are only released when the predefined conditions of the trade are fulfilled.
Why escrow swaps matter
Reduced counterparty risk
The smart contract holds bo