November 30, 2021, 5:25PM EST
• 11 min read

An updated look at DeFi audits and bug bounties

Quick Take

  • As DeFi continues to grow, exploiting smart contracts will become more and more lucrative
  • While hacks are inevitable, reasonable efforts can be made to ensure that the likelihood of their occurrences is kept at a minimum
  • Smart contract audit firms are facing unprecedented demand and this may eventually be a limiting factor for DeFi’s development
  • Bug bounties and automated auditing software are going to play a crucial role in ensuring the security of smart contracts

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