Our Manifesto in response to the Presidential Working Group on Digital Assets: The White House has given us the blueprint for scaling DeFi while satisfying regulators. For smart contract-based finance, it recommends that builders “consider emergency stops and circuit breakers for unexpected smart contract issues.” That’s exactly what we built at Phylax. Traditional finance has guardrails: risk officers, circuit breakers, and compliance desks. They exist to stop a bad day from becoming a disaster. Long before this report, we saw the direction things were heading. DeFi needs equivalent protections to ensure security. But they have to be decentralized, transparent, and programmable. DeFi couldn’t grow without programmable risk management. The tools didn’t exist, so we built them. They have to be: • decentralized so that the users aren’t trusting a third party that can fail, taking their security down • transparent so that it's auditable and thereby trustworthy • programmable so that it can be used to prevent a large range of security issues, or in the words of the administration, so that you can write “[any] circuit breaker for [any] unexpected smart contract issues.” The Credible Layer lets developers write assertions: smart contract–based rules that define how their protocols must behave. These assertions are enforced by the network itself. If a transaction violates a rule, it’s blocked before it reaches the chain. Funds stay safe. Invariants stay intact. No rollbacks. No centralized switches. No compromise. Assertions are transparent, composable, and live on-chain. They can be verified. They can be tested. They don't require protocol upgrades or governance votes. And they don’t rely on trust. We didn’t wait for regulators to describe this future. We predicted it. And we built the infrastructure to meet it head-on. The message is simple: If you’re building in DeFi, the regulatory rules are here. Phylax gives you the tools to meet them without sacrificing the principles and guarantees that make your product different.

Read the full Manifesto (blog):