DeFi has justly been criticized for its subpar security standards. This year, we saw a 300 million USD hack on Solana wormhole and an 80 million USD hack on Qubit. Security is a constant battle, and there is no single solution for it. We will always prioritize security over features or development speed.
We will employ the following security measures to fight hacks:
  • 100% unit test coverage
  • Formal verification tools like Certora (if applicable)
  • Working MVP on a test-net before deployment
  • Security audits before every deployment
  • Upgradeable contracts to fix bugs post-deployment
  • Bug bounties
  • Secure oracles with backups
  • Time locks to protect users from future changes
  • Gnosis multi-signature wallets