De.Fi is redefining the security landscape of decentralized finance (DeFi) with the world's first cross-chain decentralized security network. The platform features an automated smart contract scanner and an innovative crypto asset management platform. This article will discuss in more detail what De.Fi is and its role in building a safe and sustainable DeFi ecosystem for all. Let's take a look!
What is De.Fi?
De.Fi is an ecosystem of tools and products to provide insight into various DeFi platforms. Its main feature is a smart contract scanning tool that makes it easy for users to assess smart contracts on any platform.
By entering a smart contract address, users can identify potential risks. The platform also provides a De.Fi safety score and displays other key information.
Additionally, De.Fi offers a comprehensive dashboard for monitoring portfolios and transactions, as well as investment tools for analyzing crypto markets, allowing users to explore opportunities and monitor their positions across various DeFi protocols.
How it Works and Features
De.Fi has understood the rapid growth in the use of smart contracts as well as the challenges faced in conducting manual security checks by Solidity specialists.
As a solution, De.Fi delivers automated security scanning tools that benefit developers and users without requiring in-depth knowledge of Solidity.
The advantage of this automatic scanning system lies in its speed and resistance to damage, supported by a distributed verification process.
Security Evaluation
De.Fi introduces the innovation of "security evaluation" which serves as an instant benchmark for projects in the DeFi space, providing a reliable assessment of a project's smart contracts for its users.
It is intended to facilitate users and developers in evaluating the reliability of DeFi projects without needing to dive into complex smart contract code.
The results of the scan are presented in an easy-to-understand format, including detailed explanations of smart contract weaknesses and suggested improvements.
De.Fi's specialty lies in its ability to complete scanning in a short time of 15 seconds depending on the complexity of the contract, making it one of the fastest scanning tools available.
Similarity Analysis
Apart from security evaluation, De.Fi also provides a function to review similarities between contracts, allowing users to identify issues based on experiences from other projects.
This similarity analysis is not only a preventive measure but also a means of comparing contracts with industry standards, helping users understand potential risks and deviations.
Governance Scan
De.Fi also offers “Governance Scanning,” a tool developed for in-depth analysis of on-chain governance structures, determining whether smart contract addresses hold an administrative role over critical functions.
This feature provides a complete overview of key architectural components including governance, voting data, project info, timelock details, and basic functions governed by governance.
Additional Tools
Adding to the strength of its product suite, De.Fi also includes several additional tools such as:
- Security Market, which serves as the "CoinMarketCap" for blockchain security .
- Timelock Contract Viewer and Impermanent Loss Calculator, which support users in tracking contract functions, monitoring price changes, and reducing risks in yield farming activities.
- SocialFi by De.Fi, which motivates users to participate in competitions, complete challenges, use De.Fi products to collect XP Points, and unlock various benefits.
- De.Fi GPT, which applies artificial intelligence to provide insights, predictions and data analysis to users.
- De.Fi SDK, which makes it easier to access audit and REKT databases and scanning functions.
Tokenomics
DEFI is the native De.Fi token. This token has a maximum supply of 1,000,000,000 tokens with details of the token distribution allocation as follows:
- 12% of all tokens are allocated to Project Treasury Reserves
- 15% for Community
- 7% for Community & Development Grants
- 10% for Seed Rounds
- 20% for Incentives for Liquidity Providers
- 8% for Strategic Investors
- 3% for Early Adopters/Supporters
- 10% for Marketing Budget
- 15% is allocated to Development Reserve/Team.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappbeti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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