Here’s what happened at Quantstamp in July:
Cardano Shelley Mainnet
We are happy to be helping secure Cardano, a highly anticipated layer 1 blockchain using Proof of Stake. Cardano launched its Shelley mainnet on Wednesday, allowing users who own ADA to start staking for rewards.
Quantstamp recently helped secure another layer 1 protocol - AVA. AVA is a highly-scalable, open-source platform for launching DeFi apps. AVA joins the list of numerous Layer 1 decentralized protocols that Quantstamp has audited, along with Cardano and ETH 2.0.
Avalanche is a DAG that uses a unique gossip protocol and is aiming to bring DeFi to traditional global finance institutions by integrating compliance into the protocol.
In addition to providing a strong, scalable foundation for DeFi apps, they recently launched an accelerator program, Avalanche-X, which provides grants for DeFi projects building on AVA.
By auditing AVA, Quantstamp provides a safe foundation for the globally traded assets that AVA intends to manage. Be sure to check back for updates as the AVA Labs team gears up for a mainnet release in August.
Yearn V1 Security Review
Yearn Finance, a yield-optimizing DeFi project, launched their governance token in July. Distributed through liquidity mining, the project quickly attracted over a hundred million dollars in Total Value Locked (TVL). We worked with the community to review contracts related to the Y Pool, Staking, and Governance pools.
Find out more in our Yearn Finance V1 Security Review. If you are a Yearn user, you may also be interested in participating in the discussion at the Yearn Governance Forum.
SKALE-ing Beyond High Gas Fees
High gas fees are now a constant reality on Ethereum, but SKALE has a solution. Easy to integrate, SKALE Network’s elastic sidechains remove Ethereum mainnet storage and computation limitations and are customized to fit the needs of that specific application. Find out more in our blog post.
Yield Farming Safety
Yield Farming is on the rise - but do you know the risks? There’s no free lunch. With that nice yield comes numerous financial and technical risks.
Learn how to yield farm safely in our latest blog post.
Unitize - The Promises and Risks of DeFi
Quantstamp CEO Richard Ma spoke about the promise and risk of DeFi at Unitize, a joint venture between SF Blockchain Week and BlockShow. In case you missed it, you can check out Richard’s session on YouTube (50:08) or read an excellent overview of the talk in this CoinTelegraph article.
Women in Ethereum
Quantstamp Communications Manager Jaye Harrill spoke at Women in Ethereum Lightning Talks organized by EthPlanet and the Ethereum Cat Herders. She spoke about security risks in DeFi. View the talk here.
In The Media
Quantstamp was featured in the media a few times this month. From what's coming up in the DeFi space, announcing the completion of our Prysm audit, or commenting on the dramatic Twitter hack that occurred mid-July, you can read more below:
- CoinDesk - Quantstamp Audit Greenlights Ethereum 2.0 Client Prysm for Launch
- CoinDesk - Ethereum 2.0 Developers Announce ‘Final’ Testnet Before Network Launch
- CoinTelegraph - Security Is the Biggest Challenge for DeFi’s Continued Growth, Says Exec
- CoinDesk - Twitter Hack 2020 Was Probably Done by a Bitcoiner – But Not a Savvy One
Keep up with Quantstamp
Note: This update includes information and forward-looking statements about upcoming events and concepts under continuing development. Schedules, features, and functionality are subject to change or cancellation at any time and you are not to place undue reliance on this information or any forward-looking statements.