DeFiSafety Is An Independent Review And Rating Company Focused On Decentralized Finance (DeFi) Projects. Its Main Goal Is To Help Users And Investors Better Evaluate The Security And Risks Of DeFi Projects By Providing Transparent And Understandable Security Ratings.
Company Background
Founded In 2020, DeFiSafety Is Headquartered In Canada. The Company Was Founded By A Group Of Professionals Passionate About Blockchain And Decentralized Finance Who Realized The Lack Of Transparency And Standardized Security Reviews In The DeFi Space. DeFiSafety's Team Includes Blockchain Developers, Security Experts, And Financial Analysts, Dedicated To Enhancing The Security And Trust Of DeFi Projects Through Independent Reviews And Transparent Scoring Criteria.
Products & Services
- Overview Of Experimental Protocols
Protocol Reviews Are Quality Assessments That Carefully Review The Main Key Elements Of A DeFi Product That Has Been Deployed To Produce An Overall Security Rating That Indicates The Quality Of The Development Process And Accompanying Documentation.
The Premise Behind These Reviews Is That Developers Who Follow Software Development Best Practices Should Have Secure Code And Maintain Security That Users Can Trust, As Potential Blind Spots Have Been Taken Into Account.
DeFiSafety's PQR Is Conducted According To A Clear, Standardized, And Reproducible Process. This Process Is Well Documented And Publicly Available, So Readers Can Drill Down Into The Details Of The Reviews To See How The Scores Are Generated.
- Chain Reviews
DeFiSafety Spends A Lot Of Time Thinking About Technical Risks. So Far, DeFiSafety Has Only Focused On Protocols And Scored Them Based On The Quality Of The Workmanship. In The Process, The Company Realized That They Often Overlook The Importance Of The Network Itself, Through Which DeFiSafety's Users Interact With The Protocols We Evaluate.
With The Product Of Chain Score, They Completed DeFi Trident. Tomorrow You Will Be Able To Get A Score For The Specific Contract You Are Interacting With, A Score For The Protocol That Created The Contract, And A Score For The Chain The Contract Is Deployed To. Inform Your Decisions With DeFiSafety's Analysis, Allowing You To Focus On Your DeFi Strategy.
- Pre-audit Review
- Detailed Report
- Multi-Signature Authentication
A Pre-audit Review Is A Summary Assessment Used To Determine If A Scenario Is Ready For Audit. This Review Examines The Available Software Documentation (private And Public) For The Protocol And Its Test Suite, The Tools It Uses, And Other Aspects In Order To Generate Audit Readiness Scores And Reports.
Detailed Report Is DeFiSafety's Latest Research-as-a-Service (RaaS) Offering For Organizations And Individuals Operating In The DeFi Space. Their Core Team Of Analysts Can Create Specialized Studies For Traditional Financial And DeFi Entities, Find Answers For Your Organization, And Deliver Them To You In A Tailored Report Format.
DeFiSafety's Multi-Signature Authentication Is An Exciting New Product That Addresses An Important Issue While Maintaining The Delicate Balance Of Anonymity. They Are Looking For Users To Test And Want To Ensure That This Issue Can Be Resolved As Soon As Possible.
Multi-signature Authentication Allows Anonymous Multi-signature Holders To Confirm That They Are Different People
This Solution Does Not Compromise The Identity Of Multi-signature Holders, Even For DeFiSafety Staff And Notaries Present
The Notary Will Provide Proof Of The Legitimacy Of Multi-signatures
Advantages
1. Security Review & Scoring:
- DeFiSafety Conducts A Detailed Security Review Of The DeFi Project, Assessing Its Code Quality, Developer Transparency, Test Coverage, And Security Practices.
- Review Results Are Published In The Form Of A Scoring Report With A Score From 0 To 100, Helping Users Quickly Understand The Security Of The Project.
2. Transparency & Compliance Assessment:
- Evaluates The Transparency Of The Project, Including Whether The Code Is Open Source, Background Information On The Development Team, And The Governance Mechanisms Of The Project.
- Checks Whether The Project Follows Industry Best Practices And Compliance Requirements, Ensuring It Is Legally And Ethically Compliant.
3. Continuous Monitoring And Updates:
- DeFiSafety Continuously Monitors Projects That Have Been Reviewed And Adjusts The Score Based On Updates And Changes To The Projects.
- This Dynamic Evaluation Mechanism Ensures That Users Are Always Provided With The Latest Safety Information.
4. Education And Consulting Services:
- Provides Educational Resources On DeFi Security To Help Users Understand The Risks And Safety Measures In The DeFi Space.
- Provides Security Consulting Services To Project Teams To Help Them Improve The Safety And Transparency Of Their Projects.
Engaged In Blockchain Project Audits
DeFiSafety Has Reviewed Many Well-known DeFi Projects, Including But Not Limited To:
- Aave: Provides Detailed Security Review Reports To Help Users Understand The Security Of Their Lending Protocols.
- Compound: Evaluates The Security And Transparency Of Its Smart Contracts.
- Uniswap: Reviews The Code Quality And Security Practices Of Its Decentralized Trading Platform.
- SushiSwap: Conducts A Security Evaluation Of Its Liquidity Mining And Trading Capabilities.
- MakerDAO: Analyzing The Security Of Its Governance And Stablecoin Mechanisms.
DeFiSafety Provides Important Security Information And Decision Support To DeFi Users And Investors Through Its Independent Security Review And Transparent Scoring System. Their Work Has Helped To Enhance Overall Security And Transparency In The DeFi Space, Enabling Users To Better Assess And Manage Investment Risks.
