D/Bond Chooses Top Ethereum Bounty Programme Security Firm Peckshield for Smart Contract Audit
The D/Bond project has chosen to work with Peckshield for a security audit of its market maker decentralized finance (DeFi) platform.
Listed by block explorer and analytics platform for Ethereum, Etherscan, as offering top-notch security service for the usability of the entire blockchain ecosystem, Peckshield has previously audited protocols like AAVE, PancakeSwap, and SushiSwap. The firm is also ranked among the top 10 in the Ethereum Bounty Programme which helps identify bugs in the protocols and clients’ projects.
It will conduct a smart contract audit of the D/Bond platform which seeks to bring decentralized bonds using a pioneered ERC/3475 token standard for creating a new asset class on the blockchain and release its findings before the end of May 2022.
Peckshield provides Blockchain, smart contract, DeFi exchange, and digital wallet security audit services. As the case may be, it evaluates potential security issues in blockchain infrastructure implementations and exposes every possible semantic inconsistency in designs, and suggests or recommends ways to improve the overall well-being of the project’s technical system. Amongst other things, it also offers real-time Blockchain transaction monitoring including for large transfers, blacklist address movement, and exchange address movement, based on data feed from blockchain full nodes.
“The security audit by Peckshield is very timely as we present D/Bond’s unique features to help tackle DeFi’s novelty, volatility, and image problems which may be precluding many potential customers from using and taking the entire emerging financial system and its ecosystem to the next level,” says the D/Bond CEO, Yunan Liu. “We believe the audit will help in improving our innovative approach to securitization, as we fight the inherent problems of DeFi and increase transparency and trust in our operation. We look forward to the release of Peckshield’s audit findings as D/Bond proceeds in building a bridge between TradFi and DeFi.”
The security edit is pertinent to D/Bond’s progress as a DeFi project that seeks to break the barriers of entry to one of the most reliable TradFi asset classes, bonds. It will achieve this by making bonds available to almost everyone — including the unbanked — rather than to only large corporations and governments with low investment fees. Its platform’s multi-layered liquidity pool makes it possible to securitize almost any kind of digital asset (stablecoins, ERC–20 tokens, NFTs, etc.) with guaranteed fixed-interest rate payments and principal repayments on prime bonds.
Internal testing has commenced on the platform (see a demo here: https://debondapp.web.app/ (use test Ether in the HECO chain for select operations) and corresponding documentation here https://debond-protocol.github.io/) and would be followed by the external user testing before a public launch of the platform in late June 2022 for an official public announcement at Collision in Toronto, Canada.
The D/Bond platform enables users to design and issue decentralized bonds and other derivatives for trading on the secondary market as well as split up or bundle together investment instruments according to their preferences. By doing so, it opens up an entirely new, more stable, and calculable way for users with lower risk appetite to invest in DeFi and contributes to making the entire ecosystem fulfill its promise of financial freedom globally.
Latest version of project’s documents:
Pitch Deck: https://shorturl.at/ozBT1
Q & A: https://shorturl.at/bBDE4
PeckShield Inc. is an industry-leading blockchain security company with the goal of elevating the security, privacy, and usability of the current blockchain ecosystem. For any business or media inquiries (including the need for smart contract auditing).