XEND FINANCE’S SMART CONTRACT AUDIT HAS BEEN SUCCESSFULLY COMPLETED BY CERTIK
CertiK is a leading blockchain based security platform which analyzes and monitors blockchain protocols and DeFi projects for bugs and weaknesses. CertiK combines its patented Formal Verification technology with best-in-class cybersecurity experts to deliver end-to-end security services.
Backed by Binance Labs and founded by professors from Yale and Columbia Universities, CertiK has rapidly become the leading blockchain security service provider, delivering state-of-the-art cybersecurity solutions to some of the largest blockchain projects across all major protocols.
The growth of the DeFi economy seems to have attracted an unwanted entity — hackers. Over the past few months, there have been several attacks on DeFi platforms, draining millions of dollars of user funds. Such attacks are not only detrimental for the platform under attack, but to the entire DeFi industry at large.
At Xend Finance, we are extremely careful about safeguarding the funds that users deposit on our platform through smart contracts. That is why we chose CertiK, the best in the business, to rigorously test our smart contracts and provide the best possible security to our users.
On successful completion of the audit, CertiK found Xend Finance’s smart contracts to be technically sound, and devoid of any issues or bugs which hackers might utilize to steal away users’ funds. Credit unions and cooperatives worldwide can now channel capital into savings and earn higher interest in stable currencies through Xend Finance’s DeFi platform, without worrying about the safety of their funds.
Xend Finance’s Founder/CEO Aronu Ugochukwu said, “We are determined to grow into a reliable and trustworthy name in the DeFi industry. Guaranteeing fool-proof security to user funds is essential to fulfilling our vision. We’re glad that CertiK has given our smart contracts the green flag when it comes to platform security.”
Read the full audit report here: https://files.xend.finance/Audit-Report-By-Certik
