DeFi Strategy & Protocol Economics Advisors · OBOL rating
Three Sigma review
Lisbon-based blockchain security firm that runs smart contract audits alongside an economic audit practice covering tokenomics, mechanism design and agent-based stress testing.
5.3/10
Weak
Score breakdown
Category rubric →- Published research and modelsweight 25%7.0avg 7.5
- Client-confirmed workweight 20%6.7avg 3.8
- Recent economics workweight 20%3.0avg 6.9
- Conflict-of-interest disclosureweight 15%0.0avg 1.7
- Named teamweight 10%6.0avg 6.0
- Transparent termsweight 10%10.0avg 8.0
this service category average across 15Score = Σ mark × weight. A criterion with nothing published scores 0. Methodology.
The evidence behind each mark
Scoring rules →| Criterion | Mark | What we found | Source | Checked |
|---|---|---|---|---|
| Published research and models | 7.0 | Publishes economic reports (Yeti Finance 2022, Panoptic Simulations 2024) on GitHub and long-form blog research, but no open simulation code or models. | github.com ↗ | 22 September 2026 |
| Client-confirmed work | 6.7 | Three economic case studies are named (Yeti Finance, Avantis, Panoptic); Yeti Finance docs and Panoptic's blog confirm the work, Avantis confirmation was not found. | panoptic.xyz ↗ | 22 September 2026 |
| Recent economics work | 3.0 | Its most recent dated economic audit is the Panoptic case study, dated 14 May 2024. | threesigma.xyz ↗ | 22 September 2026 |
| Conflict-of-interest disclosure | 0.0 | No conflict-of-interest policy or token-compensation disclosure found on the about, economic audit or services pages. | threesigma.xyz ↗ | 22 September 2026 |
| Named team | 6.0 | About page names six people with titles, including CEO Hugo Nicolau and Economic Security Lead Pablo Bartol, but their profiles were not independently verified. | threesigma.xyz ↗ | 22 September 2026 |
| Transparent terms | 10.0 | Economic audit formats and a four-step process are described, and the site states most audits take 1-3 weeks; no prices are published. | threesigma.xyz ↗ | 22 September 2026 |
What we liked, and what fell short
Liked
- Economic reports (Yeti Finance, Panoptic simulations) are published as PDFs on GitHub
- Uses agent-based simulation; two of three economic clients confirm the work on their own channels
- Publishes an indicative 1-3 week audit timeline and a four-step engagement process
Fell short
- Simulation framework (Neferpitou) and model code are not public
- Only three named economic case studies, the latest from May 2024
- No conflict-of-interest or token-compensation disclosure found