DVP Works with Soteria to Facilitate the Development of A Safe BSC Ecosystem

dvpnet
Dvpnet
Published in
2 min readMay 31, 2021

We are pleased to announce the strategic partnership between DVP and Soteria.

Security is the long-standing pursuit of DVP, which is always the fundamental requirement of the entire blockchain industry.With the exponential growth of DeFi, blockchain based Apps have been increasing, as well as the funding amount on blockchains. Along comes the increasing in users’ need for security. DeFi-based insurance brings a new solution to address the security issue and meet users’ security needs.

Differing from DVP, which focuses on prevention and repair beforehand, Soteria, the main force of insurance domain, Soteria is the protection afterwards.The combination of this two projects can form a complete security system, thus enhancing the security of users’ assets. Since insurance is still in its early stages, the entire DeFi ecosystem is less insured.In the past months, the increasing awareness of user`s/project`s risk management has become powerfully driven the development of insurance domain. The core indexes of insurance are growing rapidly, including subject insured, TVL and insurance amount. Decentralized insurance can serve as the last line of defense for users’ asset, which definitely is abounds in great market potentials.

As the” veteran sentry” of the security domain, DVP hopes to work with all security contributors to bring more comprehensive protection for crypto participants. Soteria will join the DVP “bounty program” to attract white hats around the world to get involved in the security testings, thus building walls of protections for projects they’ve partnered with. Meanwhile, DVP will be part of the Soteria insurance ecosystem.

About Soteria

Soteria is a mutual insurance based on BSC. As a mutual insurance platform, Soteria can provide insurance for losses caused by vulnerabilities in smart contracts and hacker attacks, as well as risk protection for DeFi products. At the same time, Soteria is also a community-based insurance platform. Its goal is to shield members of the DeFi community from exposure to losses. This is a result of arising hacks and compromised smart contracts across the entire De-Fi ecosystem.

More Info: https://soteria.finance

Contact: hi@soteria.finance

About DVP

DVP (Decentralized Vulnerability Platform) endeavors to establish an anonymous security crowd-testing community by blockchain technology, on the basis of the core concept that vulnerability is mining. Committed to solving the security crisis of blockchain enterprises, DVP builds a bridge for all community participants, including vendors, security agencies and white hats, to minimize the risk of vulnerability exposure at the lowest cost and safeguard the blockchain ecosystem.

More Info: https://dvpnet.io

Contact: service@dvpnet.io

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