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Why DeFi Projects Should Choose Solidproof’s Auditing Services

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Defi smart contract auditing is a system that was introduced in crypto to help ensure the safety of the Defi space. Ethical hackers, or people with top developing experience, audit the contracts to ensure they are safe for the average investor. One such auditing platform is Solidproof. 

Solidproof is a Defi and smart contract auditing network introduced in mid-2021. This german-based platform aims to provide smart auditing services and bolster trust in the Defi space. 

When Solidproof launched, several other platforms were providing similar auditing services. Some of them have been in the industry longer and have done much more audits. So, what should make developers choose Solidproof over the other competitors?  Here are a few reasons. 

The Solidproof AutoTool Bolsters Efficiency

One of the significant reasons why Defi projects should use Solidproof is the auto tool. Yet to launch in full, this tool will help in streamlining the auditing activities. Standard auditing platforms use manual systems to scan for bugs and vulnerabilities.

Manual audits can help protect the security of the Defi contract and investors. But, they face one problem, lack of accuracy due to human errors.  Solidproof aims to change the course of Defi auditing completely. How? By using the auto tool.

The auto audit tool helps to automate the entire process of smart auditing contracts. It has pre-installed parameters that look into any errors connected to smart contracts. The idea is to enhance the speed of the audit process. More so, the auto tool will help provide more accurate audits. Every Defi project using Solidproof will enjoy fast, accurate, and efficient audits.

Accordingly, the auto tool will provide convenience for developers. Standard Defi auditing often involves very long processes. By using the auto tool, everything is easy for the average developer. The developer can send their smart contract files directly to the auto tool. After sending, the auto tool works on the rest and releases the report.

The Auditors Provides Fixes

A good auditor does not only identify bugs and errors; they give recommendations. That is one of the main tasks of Solidpoof auditors. In their auditing process, the network conducts two rounds of audits. The first round involves checking for flaws and bugs.

The auditor releases a PDF list of all the bugs identified in the project. This list shows the extent of damage the bug or vulnerability can cause.  It goes to the developers of the smart contract to give them a chance to make changes.

The auditor gives the developing team possible ways to fix the problems. These recommendations ensure that the developer can make all the changes before the final report. By using the fixes given, developers will secure the contract entirely.

Solidproof Has Gained User Trust

Solidproof as a Defi auditor gained massive user trust. The most primary purpose of auditing projects is to improve confidence in projects. Today, due to the many security issues, Defi has been losing investor trust.

But, auditing projects can return trust to Defi. First, Solidproof itself has user trust. They have over 60 thousand followers on Twitter and 39 thousand on telegram. These numbers increase every other day, increasing confidence.

Solidproof partners with several top launchpads like Unicrypt and Pathfund to increase the levels of trust. Solidproof’s trust levels increase because of their openness with audit reports. They post each report on the medium page for easy access. So, how can trust in Solidproof impact Defi projects?

Once Defi projects accept Solidproof’s auditing, they enjoy increased trust levels. The trust increases since investors realize that the project has no flaws. Since Solidproof is a trusted auditor, its report will increase trust in a project. Moreover, the partner launchpads can easily list any project audited by the Solidproof network. 

Good Customer Feedback

Of course, before engaging with any online service provided, it’s vital to look at what the customers are saying. What do the customers say about this project?

On their home webpage, Solidproof shows some feedback from their already audited projects. The feedback praises the platform for providing quality and professional services. 

You can get other feedback and reviews from social networks like Twitter. Visit the audited projects and see what they say about the services. The positive customer feedback is good for Solidproof and its clients.

Data Security Regulations

Solidproof is a reliable auditing network owing to its adherence to regulations. Based in Germany, Solidproof is subject to regulatory requirements in Germany and Europe. Among the regulators include, DGSVO which is the agency for Data privacy. Developers and users do not fear exposure to their data. 

Final Word

Solidproof is proving to be a unique Defi contract auditor owing to the features and services it provides. The auto tool is, of course, the most crucial element of this network. It automates the entire audit process. Generally, based on the reasons provided above, Solidproof is a good choice for the Defi project. 

On top of auditing, Solidroof provides KYC scanning services. The idea of KYC scanning involves checking for any money laundering risk surrounding the project. Hence, any project that asks for a KYC scan will undergo thorough scrutiny of the team members. 

Solidproof’s commitment to trust and security in Defi makes them the best Defi auditors today.

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Y2B introduce protocol to allow users hedge, leverage, speculate and trade the different components of pegged assets

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Y2B Finance is a suite of structured products designed for exotic peg derivatives, that will allow market participants the ability to robustly hedge or speculate on the risk of a particular pegged asset (or basket of pegged assets), deviating from their ‘fair implied market value’.

Introducing Y2B Finance

Y2B Finance is the hard fork from Y2K Finance, they follow the exact same protocol from what Y2K team did. It is a suite of products designed for exotic peg derivatives that will allow participants to hedge or speculate on the risk of a particular pegged asset (or basket of pegged assets), deviating from their ‘fair implied market value’.

The protocol brings three main products to the table:

Typhoon

This flagship Y2B structured product leverages a variant of the ERC-1155 standard for the creation of fully-collateralized insurance vaults. Users can use these vaults to hedge, speculate and underwrite the volatility risk associated with various pegged assets. Token holders are rewarded from trading fees derived from this marketplace.

Users can hedge against these assets de-pegging by depositing ETH collateral into the Hedge vault and receiving Y2B tokens (Vault Tokens) in return.

Initially, users can hedge against USDT, USDC, BUSD and DAI de-pegging with weekly and monthly time periods. More assets will be supported in the future.

Volcano

Volcano is a Collateralized Debt Obligation (CDO) powered lending market for pegged assets with MEV-proof liquidations. Volcano is the secondary market place that builds on top of Typhoon tokenized vaults. Since collateral is locked up for the duration of the vault cycle, this secondary market allows users to enter and exit positions in real time via its order book.

Wildlife

Wildlife is an on-chain RFQ orderbook where users can trade Y2B risk tokens amongst themselves, both unlocking ample liquidity and allowing for rapid repricing of semi-fungible tokens.

In other words, Y2B Finance offers a fully transparent, on-chain insurance solution for users, DAOs, and more looking to hedge against their pegged asset positions. Y2B also further promotes decentralization by making these markets accessible for all participants and by providing instant and guaranteed payouts via Chainlink oracles.

Y2B brings a new set of tools to DeFi that will allow users to better manage their stablecoin risk. 

To keep up with Y2B follow them on Twitter.

Official Website: https://y2b.finance/

Discord: https://discord.com/invite/uE3XgpYNJA 
Official Docs: https://docs.y2b.finance/y2b-docs/

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SolidProof Announces New Partnerships to Further Enhance Services

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SolidProof, a leading blockchain-based audit/KYC services provider, announced new partnerships that will further enhance its ecosystem.

The new partnerships will provide the blockchain community with enhanced services and enrich the SolidProof ecosystem. The move aims to help SolidProof become the go-to provider for secure smart contract audits, KYC services, and more.

New Partnerships Enriching the SolidProof Ecosystem

SolidProof’s Twitter account brought many interesting announcements these last weeks. The company continues to form new partnerships with some of the most exciting projects in the blockchain & crypto space.

For example, they have recently announced a partnership with Crypto Miners. This is a marketing and educational firm working with some of the hottest blockchain projects and crypto on-ramp platforms. The goal is to take crypto to the next level and expand the company’s reach.

The team also partnered with Coination, a specialized AMA firm with a huge German community. The group taps into untouched crypto interests, representing a great addition to the SolidProof ecosystem.

Moreover, they announced the launch of CookieSale. This is a new crypto launchpad for which SolidProof will provide audit, KYC, and marketing services.

PeanutTrade is another project with which the company signed an important partnership agreement. PeanutTrade focuses on DEX strategies. It helps web3 startups list a token on a DEX, manage automated liquidity, and trade on the decentralized exchange.

SolidProof also announced its partnership with Blockdeed. This is a global real estate marketplace using smart contracts for property transactions. Users can manage their for-sale portfolio through private dashboards and sales management tools.

Finally, MusureWorld is yet another exciting cooperation that the company recently announced. MusureWorld enables creators and gamers to enter the metaverse economy.

Providing the Blockchain Community with Enhanced Services

The new partnerships announced by SolidProof will bring great innovation and convenience to the blockchain community. They will enrich the SolidProof ecosystem, making it easier for users to live an exceptional experience in the blockchain sphere.

These collaborations also prove the company’s commitment to providing its customers with top-notch services and the best user experience possible.

The team behind SolidProof works hard towards achieving growth and providing a wide range of services to the crypto community. With their new partners by their side, they made one step forward to make that dream a reality.

About SolidProof

The German-based company SolidProof offers a wide range of smart contract audit, KYC, and marketing services. The team behind the project works hard to offer its customers the safest, most compliant, and most secure services possible.

Their mission is to become the go-to provider for everything blockchain audit and KYC related. In order to achieve this goal, they offer their customers top-notch services and an unbeatable user experience.

SolidProof has been making great strides in the blockchain and crypto space, forming new partnerships in a growing ecosystem. These collaborations will bring a great deal of convenience to the blockchain community and make SolidProof’s services even more accessible.

SolidProof’s website and social pages represent a great way to keep in touch with its latest news, partnerships, and services.

Twitter (Official) | Twitter (Insider) | Facebook | Telegram

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DIFX Says Hola Mzansi by Joining Hands with Digital Banking Platform eZaga to Launch DoshFX

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Fully secured centralized exchange, DIFX has officially partnered with eZaga, South Africa’s premier digital banking platform, to set up a new regional crypto platform, DoshFX.

Digital Financial Exchange known as DIFX is an EU-regulated CEX, disrupting the financial industry by bridging digital and traditional assets. With DIFX, users can create diverse portfolios in various asset classes like indices, forex, CFDs, commodities, futures, and cryptocurrencies all while having access to a fully secured wallet. In a mission to expand its services and accelerate blockchain adoption through the African continent, DIFX has officially partnered with the South African digital banking platform eZaga.

Founded in 2014, eZaga has been a pioneer in providing financial solutions to the underbanked & informal sector with innovative tools and services that enable people to transform the way they manage finance through the use of mobile technology. Over the past 2 years alone, the African continent has become a well-developed crypto market that has seen deep penetration and integration of cryptocurrency into everyday financial activities for many users. In fact, the Chainalysis report for June 2022 showed that Sub-Saharan Africa was the overall leader in retail crypto transfers, accounting for 80.1% of the global regional transactions.

Therefore, to service this growing industry, both DIFX & eZaga have joined hands to create a new financial platform catered explicitly to the African continent called DoshFX.

DoshFX will serve as an exclusive multi-asset trading platform for users from the African continent and help increase the rate of adoption found in the region. A key mission of DoshFX is to improve financial services around the continent with blockchain technology, cryptocurrencies, and traditional assets. The new platform will be utilizing both parent entities’ crypto and banking solutions to reach a wide audience of crypto enthusiasts and traders alike. Furthermore, the unique partnership allows all eZaga users to open an account on DoshFX without any additional KYC requirements and have access to a secure custodian wallet.

Regarding the partnership, DIFX CEO & Co-Founder Jeetu Kataria stated “Our primary mission as DIFX is to provide a robust trading platform for our global users so that we can increase the acceptance and adoption of blockchain and digital assets in a secure and transparent manner. We want to foster a world where payments and financial management are done with the ease of your fingertips. For us, the creation of DoshFX is an extension of the DIFX mission of forging a blockchain future along with our commitment as a member of the digital space to take part in helping the industry with its adoption and bring financial inclusion to all people, especially the unbanked majority, through various digital assets.”

Saud Ally, CEO & Founder of eZaga added “The creation of DoshFX is a needed service for the African continent, as the growth of adoption in the region is unbelievable. With this new venture, we want to expand eZaga’s banking capabilities and give our existing users a platform to leverage blockchain and digital assets.” Ally further stated that “DoshFX and eZaga are working together with DIFX to create a new infrastructure that will make money move instantly, identify users, and allow them to connect to bank accounts and credit cards.” Both the respective founders also shared their mutual passion for investing in South Africa’s innovation layer and developing DoshFX to act as a foundation for all future developments and blockchain scalability within the continent.

About DoshFX

DoshFX is a premier African centralized exchange created through a partnership between a fully secured cross-asset trading platform & African digital banking platform to provide users within the region a safe and secure way to trade cryptocurrencies like BTC, ETH, USDT, and much more.

DoshFX is powered by eZaga Capital bearing license number FSP license no. 44133, Auth FSP.  Limits, terms, and conditions apply.

To learn more about the services and features of DoshFX, visit doshfx.io

About DIFX

Digital Financial Exchange (DIFX) is a centralized cross-asset crypto exchange that allows users to trade between multiple asset classes that include indices, forex, crypto, metals, and commodities, just to name a few. The DIFX fully insured crypto wallet comes from a partnership with Fireblocks, one of the leading crypto custodians in the world.

DIFX was presented with the “Most Trusted Cross-Asset Trading Platform — 2022” by the Crypto Expo Dubai and the “Best New Trading Platform Award” at the E-Business Awards 2021 by Entrepreneur Middle East and the Forex Expo 2021.

To begin your journey with Endless Possibilities, download the app now from the iOS or Google Play Store, or visit us at difx.com.

About eZaga

eZaga is a South African digital banking platform and authorized financial services provider that enables African users to open a bank account via their mobile phones in less than two minutes. It leverages mobile technology like USSD and a mobile app, existing banking infrastructure like ATMs, and a low-fee structure to empower unbanked people and organizations to achieve more.

To learn more about eZaga visit https://www.ezaga.co.za/ or download the app now on iOS or Google Play Store.

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