In the world of Web3, where decentralized applications (DApps) and smart contracts are becoming more common, the importance of contract audits cannot be overstated. A contract audit is a comprehensive review of the code and architecture of a smart contract to identify potential vulnerabilities and ensure compliance with industry standards and best practices.
Contract audits help identify security vulnerabilities in smart contracts. With smart contracts executing automatically on the blockchain, any bugs or vulnerabilities in the code can lead to disastrous consequences, such as loss of funds or theft. Auditing the code can help identify these vulnerabilities and prevent such incidents.
Also, audits help ensure compliance with industry standards and best practices. Smart contracts are still a relatively new technology, and best practices are still being developed. An audit can identify areas where a project is not following best practices, such as failing to use appropriate libraries or following flawed programming patterns.
And for sure, contract audits help build trust with stakeholders. Investors, users, and regulators are all concerned with the security and compliance of Web3 projects. A contract audit objectively assesses a project’s code and can help build trust with stakeholders by demonstrating that the project is taking security and compliance seriously.
That said, we are happy to share that D3ploy has completed an audit for Tyche.Finance this week with 94/100 audit score.
As a result of the audit, D3Ploy has helped the team to identify several issues, which were then fixed by the team.
As we’d like to be and to stay open with our users and early supporters, we’re publishing an audit report so everyone can read it here.