The decentralized finance (DeFi) industry is growing exponentially, with a market cap of about $100 billion in 2021. Unfortunately, not everything is milk and honey in this sector. For instance, the last two years have seen hackers exploiting security loopholes in numerous DeFi protocols.
As of December 2021, 73 DeFi exploits led to protocols losing approximately $1.5 billion. This figure erodes investors’ trust in DeFi platforms and hampers the ecosystem’s growth.
A reliable solution to this systemic vulnerability could come from auditing smart contracts before their protocols go live. The auditing process can analyze the security of a token , or a liquidity pool, staking, or farming contracts, among others. Currently, over 50 auditors have surfaced in the DeFi space, trying to build confidence and security.
Chainsulting is among the high reputable DeFi and smart contract auditing companies. So far, the firm has audited several high-profile protocols, thus increasing the investors’ trust in them.
In this Chainsulting review, we look closer at its working methods and why you should consider its services.
About Chainsulting
Chainsulting is a leading security audit firm that verifies smart contract security and code integrity. The company started operating in 2017 as a blockchain consulting and development company.
