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Rug Detection API

Noah

Noah

Problem to Solve

Lots of users, even those considered as "Crypto natives" have lost thousands of dollars (if not millions) by signing scam transactions that they didn't fully understand. Rugs & scams are a problem we have to solve if we're to onboard the next billion users.

Possible Solution

An API that takes an unsent transaction and decodes the writable accounts into something human readable.

The transaction preview could look like - “this tx is requesting access to your usdc account, stake accts, etc”

Resources

1. XRAY by Helius 2. Blowfish: Proactive defense for web3 wallets

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