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Flare Finance Shares the Name of Its Technical Audit Vendor

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Mon, 02/08/2021 - 11:20
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Vladislav Sopov
Flare Finance is a pioneering decentralized financial ecosystem on Flare blockchain. As its mainnet approaches, Flare Finance team schedules security audit
Flare Finance Shares the Name of Its Technical Audit Vendor
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Flare Finance will be the first decentralized financial ecosystem to leverage the benefits of Flare, the much-anticipated "utility fork" of XRPL. As it inches closer to its mainnet release, the Flare Finance team decided to disclose the name of its security audit partner.

Certik has been appointed as Flare Finance security audit vendor

According to the latest tweet by the Flare Finance team, it has chosen Certik Foundation as its security audit partner. Certik will conduct the first rounds of Flare Finance's codebase comprehensive technical audit.

Flare network shares the name of its security audit partner
Image via Twitter

Flare Finance's team underscores that no security audit can guarantee the complete security of a project's codebase, but if conducted perfectly, it can help in releasing a safe product.

Certik Foundation is among the flagship cybersecurity vendors when it comes to blockchain-focused products. It audited the codebases of Tether (USDT), Bancor (BNT), ThorChain (RUNE), Band Protocol (BAND) and so on.

Moreover, Certik also has a massive portfolio of security audits in the decentralized finance segment. It investigates the open-source code of Aave Protocol (AAVE), Ampleforth (AMPL) and many onther DEXs, stablecoin protocols, and "yield farming" instruments.

DAOFlare (DFLR) airdrop is taking shape

Flare Finance also shared some news of its ecosystem's progress. As such, centralized exchanges started to announce their support for DFLR airdrop to FLR holders.

DFLR refers to "DAOFlare token," i.e., the governance asset of the much-anticipated DeFi ecosystem. Thus, more and more holders of Spark (FLR) will be involved in network governance.

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As covered by U.Today previously, Flare blockchain announced its first real-world integration. It will support the transactions of NFT assets by Gala Gaming startup.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)