Risk Management & Custody

Custody Stack

• Multisig cold storage; HSM/hardware key ceremonies; geographic/key‑holder separation.
• Segregated addresses per strategy; whitelisted counterparties; withdrawal time‑locks.
• Emergency playbooks (key compromise, counterparty distress, chain halts).

Operational Controls

• Dual control (maker–checker) for initiations/approvals, role‑based access, audit logs.
• Periodic drills and incident simulations; change‑control procedures.
• Counterparty/venue risk framework (jurisdiction, solvency signals, pause modules).

Monitoring

• Real‑time on‑chain alerts (large flows, anomalies).
• Capacity flags (venue depth/spreads), oracle divergence, liquidation maps.

Documentation

Runbooks, change logs, incident post‑mortems; auditor‑friendly records.