How can DeFi projects keep themselves secure? Seems like audits just aren’t good enough anymore…
No project code is perfect right out of the box.
Don't get me wrong… there's a ton of talented devs in the Web3 space. Add that with the growing number of projects, smart contracts, and wallets added on a daily basis, and the threats rise exponentially.
You can't just "set and forget" your security protocols. Security is dynamic and projects need to constantly stay on the offensive — or risk getting hacked, exploited, etc.
Just getting an audit isn't good enough anymore… their bandwidth and scope are limited.
Solution?
Run a bug bounty. Code is dynamic. You'll have a "team" of hackers constantly poring over your code looking for vulnerabilities.
Check the quick and easy starter guide below:
How Blockchain Projects Can Run Successful, Ethical Bug Bounty Programs
submitted by /u/smartchris
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