CertiK Spotlight: DYP.Finance

Originally published
February 5, 2021

After weeks of collaboration, CertiK is proud to announce a full-range partnership with DYP.Finance on multiple security service offerings, delivering on a joint mission to strengthen DeFi security.

To encourage healthy growth of their TVL, and to demonstrate an unshakable commitment to their community when it comes to security, DYP.Finance has partnered with CertiK to provide a Security Audit, Skynet Dynamic Scan and Security Oracle monitoring of their selected smart contracts which relate to staking and on-chain governance.

“We really liked the support that we received from Certik team during our collaboration for our staking and governance contracts audit, they really proved their professionalism during the security audit process. Their team did a great job by providing a lot of info in real time for our developers. We are looking forward to working with the Certik team for our security audits for the DYP Vault, DYP Tools, and DYP Lending contracts that should be ready in the next 30–45 days. The partnership with Certik will continue to bring more opportunities for both platforms.”

Michael Nikolas, DeFi Yield Protocol CEO and Product Manager

CetiK’s security assessment results are available at: https://certik.foundation/projects/dypfinance.

CertiK security experts worked closely with the DYP.Finance team to identify their needs, conduct rigorous security assessment and communicate on findings to ensure a smooth deployment of secure smart contracts.

Follow our instruction below to view the completed audit report.

Conventional static Security Audits play a crucial role in the security process, but as hackers, and those with malicious intent, become more sophisticated, it’s important to enable dynamic protection.

A Security Audit is simply not enough.

For several core smart contracts with important functionalities, CertiK provided DYP.Finance with dynamic security monitoring supported by Skynet and Security Oracle, a suite of multidimensional, on-chain security monitoring services providing real-time security insights for live smart contracts.

DYP.Finance Skynet Overview, accessible via the CertiK Security Leaderboard

“The partnership between DeFi Yield Protocol and the CertiK Foundation is another step toward enabling provable trust for all throughout the DeFi ecosystem. With more eyes on their project, and the steady growth of value locked in their protocol, DYP have conducted a true service to their community by ensuring the security of their protocol, and the assets of their user base.”

Daryl Hok, Chief Operating Officer, CertiK Foundation

About CertiK

The CertiK Foundation is a nonprofit, research-driven organization with a mission to give people the power to trust in blockchain. By pushing forward the adoption of provably secure software, the Foundation hopes to raise the standards of security across the space. CertiK Chain provides developers with the safeguards and flexibility to code with confidence, facilitating blockchain adoption for developers, and large enterprises alike.

About DYP.Finance

The DeFi Yield Protocol is developing a unique platform that allows anyone to provide liquidity and to be rewarded with ETH. At the same time, the platform maintains both token price stability as well as secure and simplified DeFi for end users by integrating a DYP anti-manipulation feature