Fairside Comes to Abstract: Wallet-Drain Coverage, Live and On-Chain

@FairsideNetwork activated its theft-coverage product for Abstract on March 17, 2025, bringing wallet-drain coverage that spans 12+ networks. From Abstract, members can register up to ten wallets and cover them against phishing and drainers, at roughly $0.54/day for $10K of coverage.

This marks a significant step toward making DeFi safer for everyday users, providing institutional-grade protection without compromising self-custody.

Scope of Protection

Coverage targets the most common consumer attacks: malicious transactions and signatures from fake sites or compromised front-ends, address poisoning from look-alike addresses, and (at higher tiers) malware-based key compromise confirmed by forensics.

Protection is wallet-wide across supported assets—$ETH, altcoins, NFTs, RWAs—and approved claims are paid in $ETH at the loss-time value.

Membership Model and Pricing

Joining from @AbstractChain is simple: choose a coverage amount (0.25–10 $ETH), register up to ten wallet addresses, and pay a one-time annual fee of 1.95% of the coverage. If a covered loss occurs, submit a claim with a nominal fee; approved payouts include a small personal-responsibility share to keep the pool sustainable.

Claims Flow and Valuation

Members submit affected addresses and transactions, complete fast KYC, and work with the investigations team for wallet screening and on-chain analysis with external intel partners. Tokens are valued at market price at the time of loss. NFTs use your self-report plus multiple appraisal feeds and an internal review, with an appeal path if needed.

Exclusions and Bright Lines

Fairside is a safety net for verified scams, not voluntary disclosures. It does not cover typos and accidental self-transfers, giveaway/romance/investment cons, or any case where a user shares a seed phrase or private key. The protection focuses on exploitative signatures, poisoned addresses, and verified malware events.

Reasons to Anchor on Abstract

Abstract's consumer UX, smart-contract wallets, low friction, and app-centric culture makes coverage setup and claims feel like a normal app flow. While managed from Abstract, protection spans @ethereum L1, L2s (@base, @arbitrum, @Optimism), EVM L1s (@0xPolygon, BSC, @avax), and non-EVM chains (@Bitcoin, @solana, @ton_blockchain).

Quick Start for Abstract Users

Pick a coverage band that matches your holdings, add your active wallets, pay the annual fee, and keep best-practice tools like @RevokeCash in your stack. You can even purchase Fairside coverage directly through the Revoke.cash dashboard—just connect your wallet, head to the Coverage tab, and activate protection in a few clicks.

If something slips through, file promptly: there's a grace window for incidents during an active membership, and you should secure remaining assets while the team investigates.

Takeaway for the Ecosystem

Abstract makes onboarding effortless; Fairside supplies the missing consumer protection layer. With transparent $ETH payouts and coverage aimed at real-world attack vectors, on-chain finally feels safer for everyday users, without surrendering self-custody.

The combination of Abstract's consumer-first design and Fairside's comprehensive protection creates a new standard for Web3 safety—one where users can explore DeFi confidently, knowing they're protected against the most common threats.

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