CertiK is excited to announce the launch of our new Badges and Honors for project teams! Badges and Honors are designed to increase the visibility of the projects we secure and to celebrate the most exceptional security practices across our client base. Transcript: CertiK’s mission is to Secure the Web3 World. CertiK’s badge system is designed to increase visibility, identify, and celebrate the projects we audit with the most exceptional security practices. The Verified Contract Badge certifies proof that CertiK has audited a given contract in the exact state in which it has been deployed. The Skynet Badge certifies that a project uses CertiK's live, on-chain security monitoring and data insights to flag security events across their platform. The KYC Badge indicates successful completion of CertiK's KYC program, the most rigorous KYC program available for Web3 projects. The Top 10% Security Score honors projects with the leading security marks in our industry. This score covers our audits and general best practices. The Top 10% Watched honor, acknowledges projects on our site with the most followers. Sign up to add your favorite projects to your watchlist. CertiK is the only major security provider that offers a public symbol of trust. To learn more about the badges and honors on CertK’s leaderboard, visit CertiK.com/resources.

New Security in 60 Seconds episode Give us 1 minute, we'll give you the findings. Check out the review of KAVA's audit report on CertiK's Security Leaderboard. https://certik.com/projects/kava Auditing is a complicated and essential step in the security process. At Certik, we review the top DeFi projects to help you better understand the findings from our experts. Kava is a lightning-fast Layer-1 blockchain that combines the Ethereum and Cosmos ecosystems into a single, scalable, network. This audit covers the Kava Swap Module on the CosmosSDK platform. The project summary describes the audit and the types of analyses used. Overview shows the programming language, the blockchain used, and a link to the project's codebase. The Vulnerability Summary lists issues that need resolution. The Audit Scope displays which contracts were audited. Findings highlight all issues and ranks them in terms of severity from critical to discussion. In this audit, we found 0 Critical, 0 Major, 0 Medium, 3 Minor, and 4 Informational issues. The Kava team has acknowledged all of the issues. Visit CertiK.com for the full report.

#certik #flashloan #defi #blockchain #cryptocurrency A new CertiK series giving users bite-size tips and info to stay informed and safe in the #crypto space. Episode 9: What is a Flash Loan? Learn how a #flashloan works and more in under 2 mins! https://certik.com/products/skynet Transcript: A flash loan is an uncollateralized short-term loan. They are a new invention in the Defi space, introduced by the lending protocol, AAVE. A smart contract is used to borrow and repay flash loans in the same transaction. If a flash loan isn’t repaid in the same transaction, the transaction fails, making it as though the loan never happened. Flash loans present an opportunity for high-frequency and arbitrage traders with the ability to instantaneously access capital, allowing a trader to sell on one exchange and purchase on another. Arbitrage was more common when liquidity was low and exchanges didn’t share price feeds. Flash loans have been used to attack exchanges and protocols. This occurs when a malicious user takes out a flash loan from a lending protocol and uses the borrowed funds to manipulate prices on another protocol. Flash loan attacks are very lucrative because the attacker does not have to deploy a lot of capital to carry out the attack. Smart contract audits are a necessary first step in mitigating a flash loan attack. CertiK’s Skynet on-chain monitoring helps recognize these attacks in real-time and broadcasts community alerts on the Security Leaderboard. From smart contract audits to on-chain monitoring, there are tools in place to help projects build safer protocols from the ground up. To learn more about flash loans, visit CertiK.com/resources.