Your guide to a safer DeFi

Web 3.0
Joined July 2020
DeFiSafety retweeted
7/ RULE #1: EYEBALLS. This is the rule of Linus Tolvards, a famous Finn behind the Linux kernel: “Many eyeballs make all bugs shallow”
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DeFiSafety retweeted
10 powerful visuals about Web3 ↓
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DeFiSafety retweeted
We are excited to announce that after months of heads down testing, we have finalized formal verification of our protocol's smart contracts with @certora's Prover solutions. This achievement underscores Term's dedication to providing a safe, reliable platform for users. #SecurityFirst
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1/ How should a team budget for security? I’m going to attempt to answer this even though it’s a controversial question, subjective, and, most notably, I am conflicted as I have my fingers in this pie, so, as always, take my opinion with a grain of salt.
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1/ BREAKING: The U.S. Chamber of Commerce has just filed a brief in the @Coinbase v. SEC case, calling out the SEC for acting "unlawfully" in the digital asset space. This is The U.S. Chamber of Commerce--not the Chamber of Digital Commerce. This is a Big Deal. Here's why...
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🚨🚨 OFFICIAL PUBLIC RELEASE 🚨🚨 Victims urged to come forward!! We've just published a new writeup @viamirror - "Uncovering a Sophisticated Multi-vector Crypto-Asset Theft Scheme" Which serves to detail the elaborate posts already made by @tayvano_
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DeFiSafety retweeted
Hunting on @immunefi? SAVE THIS THREAD. 🧵 Bug bounty hunting in web3 can be tough; if you’re looking to report a bug on a blue-chip protocol for a Crit payout, you better come prepared. Here’s a list of 10 resources you should use to up your bug bounty reporting skills. 💪
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Meet Jean-Luc Pellerin, President and Co-founder of @Web3MTL A Montreal-based organization that has been steadily blossoming into a dynamic and cohesive community ushering in the future of Web3. #DeFi #Web3 #Montreal #web3mtl #BTC asicjungle.com/asic-magazine…
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Real World Assets (RWAs) will most likely be the next frontier of DeFi innovation that helps drive a new wave of adoption. This is a thread on the importance of RWAs and the role LandX plays in this new frontier.
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DeFiSafety retweeted
A contract that allows to mint NFT "I'm the biggest holder of weth" if user has weth... Then any holder of more weth can steal the NFT using function "ImBigger". The contract works for any erc-20! xitter.cf/DefiSafety/status/1562…
The existence of smart contracts implies dumb contracts also exist. We want to hear your ideas for the dumbest contract possible, the funnier the utility, the better. Submit your idea for a chance to win 1 of 5 retail subscription. Rules below 👇
The terminal total difficulty has been set to 58750000000000000000000. This means the ethereum PoW network now has a (roughly) fixed number of hashes left to mine. bordel.wtf predicts the merge will happen around Sep 15, though the exact date depends on hashrate.
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DeFiSafety retweeted
BREAKING: The Ethereum Merge has been scheduled for TTD 58750000000000000000000 This is approximately Sept 15-16th The Merge is officially scheduled 📆
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OFFICIAL: The Ethereum Merge has been scheduled for ≈ September 15th/16th
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DeFiSafety retweeted
The @DefiSafety team is going to #Mainnet2022 by @MessariCrypto! Stop by our booth to learn more about our services and what is in store for the future. Use code DeFiSafety300 for $300 off your ticket! #Crypto #blockchain #web3
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1/3 Spoke with a user who was hacked on both Solana and Ethereum: -Used iOS -Wallets were TrustWallet and Slope -ERC20's were stolen to: 0xc611952D81E4ECbd17c8f963123DeC5D7BCe1c27 -ETH side was TrustWallet -Assets were taken at the same time
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DeFiSafety retweeted
(1/22) The @BNBCHAIN is an example of a chain that is almost entirely centralised, poorly developed and insufficiently supported. Despite some good steps, this network's security framework remains lacking. Let’s discuss why downstairs 🤨🤨🤨
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Safety and security are 2 huge needs in DeFi, and @DefiSafety is here to bring transparency to DeFi investors! We spoke with founder/CEO Rex Hygate, check out this intro clip describing their process and full episode here: spoti.fi/3oKIK3z apple.co/3vuWS50
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DeFiSafety retweeted
BREAKING: Ethereum developers announce merge date for Goerli testnet: Aug 6th-12th This is the LAST STEP before The Merge Bullish🚀
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The #Web3 industry is booming… In terms of adoption, awareness and development, everything is at an all time high! w3academy.io/demystifying-wo…
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1/5 @eulerfinance, aptly named after legendary mathematician Leonard Euler, continuously compounds great process quality time and time again. One thing remains unchanged, an audit is an integral part of process quality; and Euler Finance has 5 of them. #DeFi
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