Solidproof, a blockchain audit firm based in Germany, is revamping the security of decentralized finance (DeFi) projects with its revolutionary smart contract security solutions.
The leading blockchain auditor is delighted to announce the imminent rollout of their Auto Audit Tool. The new feature will enhance the Solidproof team’s capacity to sniff out critical vulnerabilities that hackers can exploit to siphon user funds in DeFi protocols.
Set to launch at the end of September 2021, the Auto Tool will be instrumental in helping Solidproof further analyze any blockchain project’s code for bugs and other loopholes beyond the manual testing phase.
The result will undoubtedly be more thorough, transparent, and reliable audit reports that assure DeFi developers that their project is safe from hacks and code inefficiencies.
Solidproof Security Solutions Are Setting the Industry Standard!
Solidproof brings trust made in Germany to DeFi projects through a combination of Knowing Your Customer (KYC) checks and high-quality smart contract audits.
The auditing firm’s KYC processes are designed to establish customer identity to eradicate illicit activities that can erode public trust in a project.
The KYC solutions help projects assess the customers’ activities and ascertain that the sources of their funds are legal, effectively suppressing any associated risks such as money laundering, terrorist financing, and fraud.
Meanwhile, the Solidproof audit highlights potential issues in the project code and helps developers strengthen any loose ends in the codes that hackers can exploit.
Why Trust Solidproof Audits?
DeFi is arguably one of the most significant inventions of the century, facilitating transparent and secure lending and borrowing among peers while eliminating third parties such as banks.
Unfortunately, the sector’s popularity has attracted sophisticated hackers who target the over $84 billion currency locked up in various DeFi protocols.Â
Incidents such as the recent Poly Network heist that siphoned over $600M from crypto investors highlight the need for more DeFi projects to adopt better KYC and audit solutions.Â
Solidproof was established in 2021 by a team of highly qualified experts specializing in smart contract reviews to re-establish trust in DeFi by scrutinizing upcoming projects.
The auditors conduct a series of tests to help identify weaknesses in the code and categorize them by severity (Critical, Medium, and Low). The Solidproof audit team then offers recommendations to the project developers and secures the smart contract before delivering a detailed audit report.
So far, multiple DeFi ventures have bet on Solidproof to instill trust made in Germany in their projects via their personalized and affordable KYC and audit services.
Solidproof Forges Strategic Partnerships
Solidproof is committed to bringing its security audit solutions to the blockchain space and fostering the growth of existing and upcoming DeFi projects. To this end, the project backers have entered into strategic partnerships with several leading market participants in recent months.
One of the notable collaborations is with Unicrypt, a network at the forefront of incubating and promoting new Defi protocols. The German audit company has also partnered with Etherlite and Pathfund as it seeks to establish a foothold in the smart contracts audit market and fine-tune its security solutions for DeFi.
New and existing DeFi protocols can request a free audit, submit their smart contract to the Solidproof team, and get a customized experience that gives their community a good sense of security.
