Smart Contract Security

Can smart contract audits help preempt rug pulls in the DeFi space

Can Smart Contract Audits Help Preempt Rug Pulls in the DeFi Space?

Read Time: 5 minutes Decentralized Finance, aka DeFi, can give some great returns. However, there is a possibility of disastrous situations where investors could end up with big losses. In DeFi lingo, these situations are described as rug-pulls. The issue has been widespread in DeFi projects, and not even the whales have escaped unscathed. Any incident of rug-pull not …

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Why DeFi smart contract auditing is important for DeFi projects

What makes DeFi Smart Contract Auditing so Pivotal

Read Time: 5 minutes DeFi had been the flagbearer of the crypto boom in 2020 and the heat refused to die down through 2021 as well. With more and more people flushing their funds into yield farming, DeFi continues to be in the long run. You might be knowing many who multiplied their earnings with DeFi. It hasn’t been …

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Use cases of smart contracts in DeFi

Top 7 Use Cases of Smart Contracts in DeFi

Read Time: 6 minutes From a similitude of an ICO craze, DeFi has grown to over $200 billion, according to DeFi Llama statistics. It expands to various use cases from collateralized lending and savings, including flash loans, derivatives, stable coins, etc. Smart contracts demystified why DeFi can automate and execute transactions within users in a decentralized manner. It is …

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Most Infamous Hacks in DeFi History & Need of Audit

3 Infamous Hacks in DeFi History and how they relate to Audits

Read Time: 5 minutes DeFi has been a dynamic component of the cryptocurrency industry with approx $80 billion in assets locked into protocols in March 2021. As the saying goes, however, problems accumulate where the money is. Projects in DeFi have been forgery and scams, and the loose bolt in such activities have been badly constructed smart contracts. This …

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What not to Forget when Auditing Smart Contracts in DeFi

What not to Forget when Auditing smart contracts in DeFi

Read Time: 5 minutes The success of every DeFi protocol is closely related to how well audited it is. A simple developer oversight is enough to sink a project. The need for smart contract audits can not be overemphasized. But what exactly is a smart contract audit? “A smart contract audit is an extensive, methodical examination and analysis of …

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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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Top FAQs on Binance Smart Chain

Top 5 Burning FAQs on Binance Smart Chain Auditing

Read Time: 6 minutes Peter Drucker once quoted, “Innovate or Die!” This gave birth to Binance Chain and ultimately Binance Smart Chain. Binance chain, due to its dual-chain architecture, has successfully pulled the attention of the masses. It has also grabbed the attention of attackers resulting in various hacks and exploits in the recent past. While the concept of …

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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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