Making DeFi transactions on Ethereum more secure By Cointelegraph


Smart contract standards: Making DeFi transactions on Ethereum more secure

Decentralized finance continues to make its impact on the crypto market, and with over $13 billion of total value of assets locked, DeFi projects are clearly resonating with eager crypto investors. Yet while the DeFi space has been progressing over the last year, a number of illegitimate projects have come to fruition, reminding some of the 2017 ICO boom and its subsequent bust.

For example, Harvest Finance, a major decentralized protocol, was recently hacked. The attacker made away with $24 million from Harvest Finance pools. Most recently, Value DeFi, the decentralized finance protocol, fell victim to a $6-million flash loan exploit. And of course, one of the biggest events of the year for DeFi involved SushiSwap, where the creator sold $13 million of dev funds, causing a market crash.

Smart contract transactions on require security

A registry system for rated smart contracts

Growing interest for secure smart contracts