DeFi Smart Contract Audit

Make your defi platform secure for your users with clinical precision audits by expert web3 auditors at ImmuneBytes.

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defi smart contract audit services

What is a DeFi Audit?

Decentralized Finance (DeFi) is a broad umbrella term encompassing many financial applications within the crypto realm that thrive on smart contracts.These disrupt the requirement of financial intermediaries, making transactions smoother. This industry's ever-increasing streak of hacks and scams signals the pressing need for formal DeFi smart contract audits before the code is deployed on the mainnet. We are a pioneering DeFi smart contract security auditing company that has bolstered the trust of our clients in the DeFi system. Our prolific team of auditors has proven experience conducting comprehensive audits comprising static and run-time analyses and reviews on gas optimization.

DeFi Smart Contract Audit Stages

We have a dedicated panel of blockchain security experts who conduct the audit process systematically and step-by-step. Following are the stages that we have in our DeFi audit process.

Pre-Req

1. Pre-Requisites

The first step involves analyzing the essential documents required for the audit process and analyzing them. These include documents like BRD, GitHub links, whitepapers, and all the other technical specifications. It assists the auditors in analyzing the intended function of the smart contract they are reviewing.

unit

2. Unit Testing

The next involves the auditors performing the test runs on those unit test cases that the developers have written. This stage concerns verifying the code is functioning as intended. Also, our DeFi security auditors deploy audit tools here to ensure that unit testing takes maximum risk under coverage.

manual

3. Manual Auditing

This stage is one of the most crucial steps in the entire DeFi audit process. Here, our team of auditors checks the vulnerabilities in the code by scanning the whole code line-by-line. After they finish manual auditing, they use tools such as Mythril, scribble, slither, mythx, etc., for automated auditing. Based on the performed audit process, the auditors recommend addressing the found vulnerability and code optimization in the best effective way.

report

4. Reporting

The last and final stage of the DeFi security audit process can be classified into initial and final reporting. First, our auditors include their recommendations and the detected bugs in the initial reporting. Here, we classify them based on their severity level. After initial reporting, the developers refactor the code based on the recommendations from our auditors in the initial reporting.

DeFi Market Revenue Is Projected to Reach $34.7BN by 2027.
The Growth Is Phenomenal, and So Is the Susceptibility to Hacks

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Why Is DeFi Security Audit Important?

Naturally, Decentralized Finance (DeFi) has always been the hot spot for hackers, making it essential to consider a bit from its security point of view. According to Chain analysis, about 97% of all crypto hacks are related to DeFi. These are some reasons why getting a DeFi security audit is important.

act

Act as a security certificate for your investors.

audited

Audited applications have higher longevity.

unsus

Unsusceptible to non-functionality, aka zero downtime.

optimized

Optimized smart contract performance by up to 2X.

Why Choose Us?

We have highly skilled auditors who have an industry experience of many years. We do our best to help our clients eliminate the fear of losing access to their funds or applications. These are some of the highlights that allow us to distinguish ourselves from the crowd.

Extensive Audit Report

Get a sneak peek into the vulnerabilities in your code with our comprehensive audit reports and easily address the security flaws before a hacker turns them into expensive exploits.

Check For 100+ Vulnerabilities

There can be 100+ types of vulnerabilities in a smart contract. Worry not; we check and eliminate these flaws. We will detect them for you and recommend how you can fix them.

Smart Contract Fuzzing

Our experts employ smart contract fuzzing, an automatic bug-detection process. It stresses the app and causes unexpected code behaviour, helping to identify vulnerabilities.

Post Refactor Reaudits

We do not leave your hand until the final step. After the developers refract the code per our auditors' recommendations, we will re-prepare the final audit report for you.

Security Test Cases

The developers write unit test cases, and our auditors perform test runs to ensure the code runs as smoothly as intended, using various tools to ensure that testing covers even the greatest risk.

Quick Turnaround Time

Each of the audit processes that our auditors conduct has a quick turnaround time. Even when we provide two audit reports to our clients, we deliver them within the given deadline.

72% Of Hacks in 2021 and 97% Of Hacks in 2022 Happened on DeFis.
Are You Still Mulling the Need for an Audit?

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FAQs

The world of DeFi is enormous. And so are the questions associated with them. Here, we list the top 8 most frequently asked questions on decentralized finance.

These are as follows:

  1. Fei Rari
  2. Mirror protocol
  3. Uranium Finance
  4. Wormhole
  5. Cashio
  6. Compound Finance
  7. Creme Finance
  8. Badger
  9. Mango markets
  10. EasyFi

Do you wish to know more about these hacks? Then, read more at: here

It is important to follow certain practices to keep your funds and applications safe within the DeFi space. Do you wish to know more about the best practices you can follow? Read the blog Here

The time taken to complete a DeFi audit usually takes 5-15 days to process the initial audit report, depending upon the nature of the project, the technology stack used, the size of your codebase, the complexity of code, how tightly the code is integrated, the availability of auditors, etc. However, despite these factors, we take pride in meeting deadlines given by our clients and delivering satisfactory results.

Any enterprise or startup involved in blockchain development or DeFi services should have their code audited. This is an industry standard and helps you build a stronger market value. While blockchain is secure, its applications are always prone to hacks.

Hiring a third party to audit your smart contracts acts as a security certificate for your projects, ensuring an unbiased review of the project and enhancing the trust of the potential investors.

DeFi smart contracts have been disrupting several industries worldwide. This is why there has been such a massive adoption of smart contacts within the financial services industry. Among the plethora of use cases, these are the top 5 use cases of DeFi smart contracts: here

Auditing a DeFi smart contract is a tiresome process. There are several significant challenges that anyone would need help with while conducting this process. Yet, our experienced panel of auditors can mitigate them all for you.

For more information on them, please read our blog: here

Your developers can decide to pick the best-suited solution. Definitely, in our initial audit report, our auditors provide recommendations using which you can fortify the risks that have been identified. Once you have implemented these fixes, we offer to reaudit your application without extra charges!