SolidProof introduces KYC and auditing services for DeFi projects

Press release

SolidProof, a blockchain audit company based in Germany, has completed development of its automated test tool and plans to launch it shortly. Called SolidProof Automated Automation Tool (SAAT), the product is designed to streamline and accelerate the entire smart contract testing process.

The acceptance of decentralized financing (DeFi) by private customers and institutional investors is increasing at an astonishing speed. However, rampant attacks, phishing and other security breaches targeting DeFi protocols threaten to jeopardize the success of the emerging field. SAAT aims to help blockchain projects improve the security and quality of their code by combating the incompetence of developers.

The services of this platform will ultimately reduce the significant security loopholes inherent in cryptographic tokens and blockchain technology. In addition, the automation tool will be at the center of all of SolidProof’s audit-related services and will help the company create a reliable and convenient automated analysis of DeFi tokens.

This is how automated test solutions work

SAAT uses preset parameters to detect errors, bugs and inefficiencies that are embedded in every smart contract of a DeFi project. By automating the entire code review process, the experienced SolidProof team is able to provide timely, accurate and transparent audit reports without human error.

The test automation also enables SolidProof to analyze very complex smart contracts, which are practically impossible to check manually, which increases the security of defi projects.

After completing the autonomous review process, the SolidProof evaluators present the development team with an assessment report that classifies existing vulnerabilities according to their severity (severe, medium) and low.

The auditor then makes recommendations to remove any evidence of system laxity or inefficiencies. They then work hand in hand with project advocates to correct identified errors before issuing a final audit report and certificate proving that the project is safe for general use.

The upcoming automation tool SolidProof promises to be an important service for blockchain projects that want to uncover hard-to-find vulnerabilities and add security to their smart contracts. The product will make a significant contribution to promoting the safety of DeFi projects and building trust with their customers.

The SolidProof team recently included a placeholder for the automation tool. Wildcards allow startup programs like Unicrypt to embed the easy-to-use SAAT into their websites so that customers can immediately access them. This step makes it easier for DeFi projects that host their pre-sale prices on the platform to fulfill their audit obligations with just a few clicks before listing their tokens.

SolidProof gives confidence Made in Germany

SolidProof strives to be the leading provider of DeFi audit solutions by combining world class automated testing with manual code review by a team of passionate blockchain security experts.

The Germany-based security firm enables DeFi investors to feel safe by allowing emerging companies to identify and close any loopholes that could be exploited by hackers. SolidProof’s custom solution also offers know-your-customer scanning, which examines customer transaction data to identify fraud, money laundering or terrorist financing risks.

To promote additional transparency in DeFi, the blockchain security company publishes the latest audit results on its World Wide Web and social media channels. Projects that are active in the DeFi area can send non-binding inquiries to the review team and receive a personalized and appropriate offer.

Developers can explore how they can leverage the accounting firm’s security solutions to increase investor confidence in the SolidProof network. To connect with the SolidProof community and learn more about how the company is improving the security of DeFi smart contracts, check out the following social media handles:

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