DeFi smart contracts

How to start a DeFi Protocol in 5 steps

How To Start A DeFi Protocol in 5 steps?

Read Time: 5 minutes In the early days of blockchain, the emphasis was disproportionately on the community and its related skills for creating blockchain networks. However, the introduction of Ethereum fundamentally altered the blockchain landscape by introducing a plethora of new opportunities for creating decentralized apps. Ethereum’s tokenization and smart contract capabilities sparked debate over the future of traditional …

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ILO vs. IDO and the Need for auditing before getting onto these platforms

ILO vs. IDO and – Need for Auditing before going onto these Platforms

Read Time: 7 minutes The crypto world is flooded with acronyms and complex abbreviations, which seem to be scattered over Twitter and Live streams like bullets from a machine gun. However, one such acronym that has seemed to lose its value over time for good is ICO. For a quick recap, ICOs exploded in popularity in 2017 as a …

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How Latest DeFi Trends underline needs for security audits

How the Latest DeFi Trends in 2021 Underline the Need for Audit

Read Time: 5 minutes When it comes to DeFi, the year 2021 has been a continuation of the last year. DeFi apps and platforms have given a fillip to the prevalent financial system. DeFi graph didn’t take a dip for much of the previous year even while the pandemic was setting in. In February 2021, the TVL (Total Volumes …

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Best DeFi Coding Practices

What are the best DeFi Coding Practices?

Read Time: 6 minutes Imagine a completely automated platform that promises to make payments immensely accessible to anyone around the world, irrespective of geographical restrictions. Decentralized Finance takes this promise a step ahead. With just a smartphone and an Internet connection, you can perform any financial activity using DeFi with more efficiency and security than the conventional methods.  The …

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Demerits of Copy-paste in DeFi

Why Copy-paste in DeFis are Scarier than Clowns?

Read Time: 7 minutes We have been making copy-paste jokes for years. Remember all the memes of CTRL + C and CTRL + V? Well, they have come to haunt us because we have been using them for the wrong purpose.  Specific to the IT industry, copying and pasting are an old and common form of reusing software. Most …

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How long does it take to get smart contracts audited | DeFi

Read Time: 6 minutes Almost half of the smart contracts in the Ethereum ecosystem are unaudited, leading to a growing number of hacks.  Smart contract audit is generally the last step in the journey of a smart contract or for the DeFi application and is often left out. Considering the prominence of smart contracts in the DeFi world or …

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What is the right time for DeFi smart contracts audit?

Read Time: 4 minutes Smart contracts are the very heart of the DeFi ecosystem but even beyond DeFi, their appropriateness in a Blockchain-based application has no bounds. If your DeFi smart contracts are vulnerable, so is your application. These are the prewritten lines of code representing pre-approved terms and conditions that are executed automatically on the Blockchain network when …

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