Kava Labs Update

How Safety and Security Are Top Priorities

Adam Turman
Aug 16 · 4 min read

As decentralized finance continues to grow and mature, user concerns about reliability and security remain a barrier to adoption to the mainstream. Kava Labs prioritizes safety and security of user funds, which is part of why we have attracted support from institutions as well as retail investors. As Kava Labs prepares to launch Kava Swap on August 30th, we want to highlight the steps that we have in place to ensure the safety and security of the community and Kava Labs’ products.

  1. Internal audit — before launching any application, a complete internal audit is conducted. A senior engineer (who is independent of the project’s development) reviews the full code base and produces an audit report like those you would find from public auditors. Building up our internal audit capacity and expertise has been enormously valuable, as it makes us less dependent on the availability of external auditors.

The reason why Kava Labs has taken these measures is the assurance of safety and security is what is needed to bring decentralized finance and cryptocurrency into the mainstream. Offering producets with improved user experiences reduces risk as well. Supplying to Hard Protocol is designed as a risk-reduced way for users of any experience level to participate in DeFi and access all of the benefits and earning potential of the blockchain economy. Kava Labs puts focus on both developing ambitious products and rigorously ensuring the safety and security of user funds because that is what will deliver institutional grade DeFi.

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Disclaimer: This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making investment decisions.

Kava Labs Blog

This publication features news and articles from the Kava…

Kava Labs Blog

This publication features news and articles from the Kava Labs team. Kava Labs is a developer of the Kava blockchain, the first cross-blockchain DeFi platform.

Adam Turman

Written by

Developer Support Engineer @ Kava Labs

Kava Labs Blog

This publication features news and articles from the Kava Labs team. Kava Labs is a developer of the Kava blockchain, the first cross-blockchain DeFi platform.