Etesia Research

Research & Insights

Analysis, breakdowns, and field notes on institutional-grade quantitative strategies, onchain yield, and the evolving DeFi landscape.

Security
The Drift Hack and What It Reveals About Multisig Security in DeFi
On April 1, 2026, Drift Protocol, one of Solana’s largest perpetuals exchanges, lost $285 million in under twelve minutes. The attack did not exploit a smart contract bug. It exploited people. Understanding what happened at Drift is not just a post-mortem exercise. It is a blueprint for how serious capital should evaluate any DeFi protocol […]
Apr 12, 2026
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Apr 10, 2026