Download Defi Exclusive security synopsis 2020
In-Depth Analysis of Decentralized Finance and Security
Get an extensive insight of DeFi Trends, Smart Contract Vulnerabilities, Auditing Trends as well as vicious DeFi Attack Patterns. Join us and explore the world of DeFi with utmost security.
In the year 2020, $154 Million was lost in 17 major exploits or hacks alone in DeFi, where $20 Billion rests locked in various smart contracts. DeFi is expected to grow multifold and so the frequency of these exploits. There’s an unprecedented need for security audits of these smart contracts as I believe, ensuring the safety of users funds is paramount for founders & the team.
COO & Co-Founder at EasyFi Network
Smart contract safety and security is still in its early days. You can compare it with internet of early 1990s. It will take atleast a decade of hardwork by the developers, auditors and early adopters to reach the security standards that we have in Web2.0 today, which are, at best bearable. Till that happens, Defi will always have that risk factor associated with it.
COO & Co-Founder at Matic Network
Decentralized finance is the next obvious step in our collective consciousness for money. With billions locked in DeFi already, we're still at a very nascent stage.
The very nature of decentralization relies heavily on security of smart contracts, since the data is immutable and transactions are non-reversible. In this decade we will see new standardization of checks and sanitation. This will further boost the adoption of DeFi.