This market will resolve to “Yes” if any DeFi project listed on DefiLlama with total value locked (TVL) of at least $1,000,000,000 USD suffers a single exploit causing realized losses of $50,000,000 USD or more, at any time after the creation of this market and before January 1, 2027 - 00:00 UTC.

Otherwise this market will resolve to “No.”

For the purposes of this market, the TVL threshold must be satisfied based on DefiLlama data immediately prior to the incident.

For the purposes of this market, a qualifying exploit includes smart contract exploits, oracle exploits, governance attacks, bridge exploits, or compromised private keys, so long as the resulting loss is verifiable onchain.

Losses from the same incident may be aggregated across the affected project’s related contracts or deployments, but separate unrelated incidents may not be combined.