- Chainlink has introduced a brand new partnership with Cyfrin, a sensible contracts audit and analysis agency, to supply customers of its BUILD and SCALE packages personal good contract and protocol audits.
- Cyfrin will provide market-leading merchandise, together with aggressive audits platform CodeHawks, developer training platform Updraft, and Solodit, an aggregator with over 8,000 safety findings.
Chainlink’s mission to supply its ecosystem one of the best services took an enormous stride this week, with the oracle community asserting a brand new partnership with Cyfrin, a sensible contracts audit and analysis firm.
Chainlink introduced the partnership on Wednesday, describing it as a strategic alliance that can enhance safety for its customers.
.@CyfrinAudits has established a strategic alliance with @chainlinklabs.
This alliance helps #Chainlink BUILD and SCALE members entry high-quality private and non-private audits.https://t.co/ZcDvK245HU
— Chainlink (@chainlink) April 17, 2024
Based final yr, Cyfrin is a platform that gives cutting-edge good contract safety audits, instruments, completion and training. It serves among the world’s largest blockchain networks and protocols with over $10 billion collectively in belongings underneath administration.
By partnering with the corporate, Chainlink will serve customers of BULD and SCALE. The previous promotes the expansion of tasks constructing on Chainlink by offering technical experience and instruments in trade for community charge commitments, whereas the latter focuses primarily on Layer 2s by overlaying the prices of their oracle integrations. As Crypto Information Flash reported, Rollup Finance and Supply Community joined BUILD final yr.
Chainlink and Cyfrin to Improve Good Contract Safety
Cyfrin combines tons of of main international researchers and engineers to reinforce the safety of its shoppers. It does this by means of merchandise resembling Cyfrin CodeHawks, its aggressive audits platform that gives safety opinions achieved by high auditors.
Cyfrin Updraft provides a studying platform for Web3 builders with over 70 hours of step-by-step project-based programs on good contract deployment and safety taught by among the world’s high blockchain engineers.
The corporate additionally provides Solodit, a platform with over 8,000 safety findings; shoppers can use this useful resource to find out about the most typical vulnerabilities and assault vectors, permitting them to spice up their safety and keep forward of cybercriminals.
“In the case of constructing on-chain purposes, safety isn’t a nice-to-have—it’s a necessity,” commented Peter Hubert, the top of gross sales at Chainlink Labs.
Certainly, safety shouldn’t be a luxurious within the blockchain world. Cybercriminals are all the time on the prowl for platforms, protocols, networks and purposes with the slightest vulnerabilities, attacking them and taking hundreds of thousands of {dollars}.
Final yr, these criminals stole $1.7 billion, with $1.1 billion being from DeFi protocols, in line with a examine by Chainlysis. The yr prior, they made away with $3.1 billion from DeFI platforms alone.
Alex Roan, Cyfrin’s CTO and co-founder, commented:
Chainlink’s unrelenting deal with constructing safe infrastructure has established the platform because the business commonplace—the identical security-first mindset is prevalent at Cyfrin. We’re excited to ascertain a strategic alliance with Chainlink Labs to assist Chainlink BUILD and SCALE members, finally serving to to create a safer on-chain ecosystem.
In the meantime, Chainlink’s LINK trades at $13.23, and whereas it consolidated over the previous day, it has shed 24% prior to now week.
