Curation methodology · public register
A mandate is only useful when its limits stay legible.
Tulipa’s shared framework for framing, assessing, calibrating, and observing DeFi risk. It supports protocol mandates and depositor due diligence; it does not replace product-specific documentation or individual judgment.
Register 01 · living frameworkMandate & scope
the frame before the finding
Begin with what the product is allowed to do—not with a generic score.
Curation is contextual. The same asset or venue can carry a different role, concentration, liquidity requirement, and failure impact across two products. Tulipa therefore works from the proposed mandate outward.
Exact authority, implementation responsibility, governance path, reporting cadence, and parameter set are engagement-specific. This public register describes the shared questions, not a hidden universal model or a promise that every risk can be quantified.
Operating sequence
four movements · one review loop
- 01
Mandate & scope
Define the system before judging its parts.
Frame the product objective, eligible assets and venues, intended users, curator authority, liquidity expectations, fees, and conditions that require escalation or revision.
Review recordMandate · permissions · constraints · authority matrix
- 02
Diligence
Trace each exposure through its dependencies.
Assess collateral, counterparties, smart contracts, oracles, bridges, market structure, governance, liquidity, and exit mechanics in the context of the proposed mandate.
Review recordContracts · market data · documentation · dependency map
- 03
Calibration & limits
Turn observations into bounded decisions.
Recommend eligible exposure, allocations, caps, buffers, and other engagement-specific parameters. Record the rationale, assumptions, unavailable evidence, and triggers for reconsideration.
Review recordLimits · rationale · assumptions · change triggers
- 04
Monitoring & change
Keep the live mandate under review.
Observe positions, concentration, liquidity, rates, dependencies, and material ecosystem change. Surface exceptions and revisit parameters when the evidence or mandate changes.
Review recordFresh observations · exceptions · revisions · public record
Risk lenses
questions that travel together
Risk appears between layers.
A position is not assessed in isolation. Tulipa reads the mandate, asset, venue, implementation, concentration, liquidity, and evidence as a connected system. The lenses are prompts for review—not a complete taxonomy or a certification mark.
- 01Mandate
- What is permitted, who can change it, and under which conditions?
- 02Asset
- What supports value, liquidity, transferability, and redemption?
- 03Venue
- Which contract, governance, oracle, bridge, and operational dependencies exist?
- 04Position
- How much is deployed, how concentrated is it, and what shares its failure modes?
- 05Exit
- What could delay, impair, or reprice a withdrawal under stress?
- 06Evidence
- Which source supports the observation, when was it seen, and what remains unavailable?
Evidence & freshness
Every observation needs a source, a time, and an honest gap.
Public dashboard values identify their source and observed-at time. Rate observations also identify period, methodology, and fee or compounding treatment when available. Freshness describes the reading—not the future state of the vault.
Missing evidence remains unavailable. It is never silently converted to zero, inferred from a different measure, or filled with an unsourced estimate. Material limitations belong beside the relevant observation.
Inspect the public curation ledger- Source
- Where the observation came from.
- Observed at
- When the source was read.
- Method
- How the value was produced and treated.
- Coverage
- What is present, partial, stale, or unavailable.
Residual risk
what the framework cannot do
Curation changes the quality of a decision. It does not remove uncertainty.
Smart-contract, market, liquidity, oracle, bridge, governance, counterparty, operational, and regulatory conditions can change or fail. Monitoring can be delayed, incomplete, or overtaken by a fast event. A permitted position can lose value, become illiquid, or behave outside historical observations.
Tulipa’s framework is not an audit, credit rating, insurance policy, guarantee of principal, guarantee of yield, or assurance of withdrawal. The underlying contracts, permissions, and product documentation remain the operative source of truth.
Read the performance disclaimerTwo applications · one shared frame