DeFi Security Risks

The most common security solution for Web3 smart contracts today, is a obviously the code Audit and website penetration test. Although code audits and review provide a high security standard and brand assurance, recently we have been witnessing some of drawbacks and blindspots, such as:
1.Timeframe - Auditing a smart contract often takes a few months to complete, by which time developers will probably have altered the code a few times. Small changes that were made after deployment subsequently expose smart contract vulnerabilities.
2.Price - Audits are very expensive and therefore considered cost-effective mainly for high velocity version changes.
3.Security - Smart contract audits can’t guarantee hack prevention as they are an off-chain solution.
This is where the Ironblocks end-to-end security system comes into play...
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Executive Summary
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Last modified 4mo ago