Stelo

Stelo Labs is a developer of an open-source extension designed to keep crypto safe from web3 phishing. The company’s tool has an easy-to-read interface, conducts predictive risk evaluation, and works with NFT marketplaces, Defi and swaps, signatures, and malicious transactions, enabling users to be safe from phishing and understand transactions before signing them.

Seed Round: $6M

Whitepaper

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What is Stelo

Stelo protects wallets from scams and phishing so they can discover web3 in security. The company aims to works alongside every wallet. and never accesses a seed phrase or private key.

The Stelo engine performs 3 functions:

• Simulation & Interpretation - It simulates transactions and interprets signatures to understand the state changes being made by the interaction (assets entering/leaving, approvals being set/revoked, etc.)
• Enrichment - It enriches any relevant entities (assets, contracts and addresses) with contextual information: labels, prices, links, images, ENS names, owned NFTs, etc.
• Risk analysis - It evaluates the risk of any interaction and alerts you if any malicious patterns or addresses are detected. Even if the interaction isn't obviously malicious, it includes risk factors that a user should be aware of - like when interacting with a newly deployed contract.