Experts Behind SEAL 911 Bot Announce SEAL Drills to Improve Industry-Wide Emergency Readiness
Summary
SEAL Chaos Teams Drills are designed to solve this problem by providing members of the crypto community hands-on training in running a war room. "Designing these exercises for crypto companies is like holding regular fire drills; its not about inciting fear but ensuring readiness and honing reflexes," added Isaac Patka. "It is paramount for the Web3 sector to continue conducting such incident response exercises to help decentralized platforms prepare for major potential black swan events," said Michael Lewellen, Head of Solutions Architecture at OpenZeppelin. With the failure taking place outside of the core Yearn smart contracts, the team had to rapidly pull in the right subject matter experts and emergency procedures to put together a response plan. The exercise successfully tested their ability to understand how the affected strategy worked and what sequence of transactions needed to be made to recall funds to safety, and simulate the response before execution.