DeltaHub Capital Invests In DefiYield
The enormous growth of the DeFi business increases the need for security technologies and auditing services. Along with new investment options, users are exposed to new fraud and attack dangers on a daily basis, which is where DeFiYield comes in with its first cross-chain decentralized security network, which Deltahub Capital fully supports.
DefiYield’s mission is to make the DeFi sector safer for everyone by building a completely automated smart contract security scanner and a one-of-a-kind crypto asset management dashboard that combines high effectiveness and safety of DeFi investments.
Furthermore, DeFiYield conducts rigorous smart contract security assessments, promotes projects to fix their security issues, shares expertise with the community, and alerts users about DeFi dangers.
The DefiYield Dashboard
The DeFiYield dashboard includes asset management and risk management tools to assist you in succeeding and being safe in DeFi. Users may view a profit and loss statement for each asset in their portfolios. The dashboard is intended to work with Ethereum, Binance Smart Chain, Polygon, Arbitrum, Avalanche, Solana, Polkadot, and any other non-EMV-compatible networks.
By linking a cryptocurrency wallet and going to the Dashboard area, a user receives:
•The account summary displays the wallet’s total balance, the total values of money stored in vaults, offered in liquidity pools, lent out, staked funds, and the overall debt value.
• The value of assets classified by blockchain networks;
• Made use of DeFi platforms.
Key Features of DefiYield
The DeFiYield ecosystem brings together a vast community of defi aficionados, including newcomers, seasoned users, whales, degens, and anybody else interested in DeFi. Let’s have a look at the characteristics of DefiYield that make it such an interesting and secure investment:
- The first security dashboard dashboard on the market that combines elements for successful crypto asset management with an integrated safety infrastructure that allows users to be aware of and control hazards;
- Community governance implemented with OpenZeppelin’s Governor system, featuring the Governor Compatibility Bravo module designed by Compound;
- An open source safety toolbox and databases that include DeFiYield’s smart contract scanner, the SCW registry, the security audit database, the rekt database, and the sophisticated impermanent loss calculator.
- A decentralized security verification system based on a peer-to-peer network of security validators running DeFiYield Smart Chain nodes.
Risk Alert Assessment
Many DeFi projects employ limitless token approvals by default in their smart contracts, arguing that this enhances user experience because one permission is valid for all future transactions. As a result, all contracts accepted by a user are immediately evaluated against the safety criteria stated below:
Verification: Is the examined smart contract code validated by a blockchain explorer like Etherscan or Bscscan? This indicates if the bytecode of the contracts matches those on the blockchain.
Owner Type: Here, users may determine if their smart contracts are EOA-, smart-contract-owned, or have no owner. If the smart contract’s owner is an EOA, it can interact with it and invoke a certain set of underlying functions at their discretion;
Major EOA holders: Are there EOAs with a big stake in a project’s token? (This refers to situations in which one individual owner owns more than 15% of the entire token supply.) This component has nothing to do with code security issues. Users should keep in mind, however, that the token might be dumped at any time by the primary holder/s.
Abandoned: If no transactions have been broadcasted through the smart contract of a project’s token in the previous 30 days, it is deemed abandoned.
Migration: If the token smart contract includes migration capabilities, user cash may be jeopardized.
Pause: Consumers do not have continual access to their cash managed by a smart contract if it can be interrupted — there is no option to move the funds until the pause is finished, therefore users stand a larger risk of money loss.
Checking Minting Functionality: If minting is possible, it might be utilized to produce an infinite number of tokens that could be used by scammers as a ploy.
Validating New: A scanned contract was generated less than 7 days ago and has not yet been battle-tested: code flaws may be discovered in the future.
Mixers utilized: A dev team can utilize a mixer to pay for project contract deployment. Scam projects frequently use this approach to remain untraceable after completing a rug pull.
Users are instantly notified of scanning results through the system of Smart Notifications Once a dangerous smart contract is created,They get a popup regarding the threat.
DeFiYield Official Channels:
Website || Twitter || YouTube || Telegram || Medium
Stay tuned for more updates through the DeltaHub Community Channels
Website | Twitter | Medium | Discord | Telegram | Rarible | Opensea |
About DeltaHub Community
DeltaHub Capital is a vibrant and active community which plays an important role in the crypto world. A tokenized decentralized Venture Capitalist (dVC) Pioneer of Community Governance Economic Model (C-GEM) and a battleground for gem hunting backed and supported by us!
