- Chainlink has introduced a brand new partnership with Cyfrin, a sensible contracts audit and analysis agency, to supply customers of its BUILD and SCALE applications non-public sensible contract and protocol audits.
- Cyfrin will supply market-leading merchandise, together with aggressive audits platform CodeHawks, developer schooling 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 a large 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 may 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 sensible contract safety audits, instruments, completion and schooling. 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 alternate for community price 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 a whole bunch of main world researchers and engineers to reinforce the safety of its purchasers. It does this by way of merchandise corresponding to Cyfrin CodeHawks, its aggressive audits platform that gives safety evaluations executed by high auditors.
Cyfrin Updraft affords a studying platform for Web3 builders with over 70 hours of step-by-step project-based programs on sensible contract deployment and safety taught by among the world’s high blockchain engineers.
The corporate additionally affords Solodit, a platform with over 8,000 safety findings; purchasers 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.
“On the subject of constructing on-chain purposes, safety isn’t a nice-to-have—it’s a necessity,” commented Peter Hubert, the pinnacle of gross sales at Chainlink Labs.
Certainly, safety just isn’t 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 tens of millions of {dollars}.
Final yr, these criminals stole $1.7 billion, with $1.1 billion being from DeFi protocols, in keeping 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 trade 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, in the end 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.
