Asset Safety
Last updated
Last updated
Corepound's smart contracts form the backbone of our yield aggregation services. To ensure these contracts are secure, we have partnered with top-tier, independent auditing firms that specialize in blockchain security. These third-party auditors rigorously examine every line of code, ensuring that there are no vulnerabilities or exploits that could compromise user assets.
Our audit process involves:
Static Code Analysis: This process scans the contract for any syntax issues or irregularities that may lead to vulnerabilities.
Penetration Testing: Ethical hackers attempt to break into the system, simulating real-world attacks to discover any weak points that may have been missed in the code review.
Additionally, audit reports are made publicly available to provide transparency and assurance to our community. This open approach allows users to verify the security of the platform themselves, building trust in Corepound’s commitment to safeguarding assets.
See Audit Report Here:
While Corepound employs state-of-the-art security measures, we also understand the importance of offering a safety net for users in the unlikely event of an incident. That’s why we will be integrating with decentralized insurance protocols to provide coverage for user assets. These protocols ensure that, in the case of smart contract failures, hacks, or other unforeseen events, users can be compensated for their losses.
To maintain the highest level of security, Corepound has implemented an advanced real-time monitoring system. This system continuously tracks all platform activity, detecting and analyzing transaction patterns, unusual movements, and any potentially suspicious behavior.
Key aspects of Corepound real-time monitoring include:
Automated Threat Detection: Using AI and machine learning algorithms, our system identifies abnormal patterns that may indicate fraud, hacking attempts, or exploits. When unusual behavior is detected, the system automatically flags the activity for review.
Instant Alerts: Corepound’s security team and key governance members receive real-time alerts whenever potential threats are identified. This allows for immediate investigation and, if necessary, intervention to prevent further damage.
User Notifications: In the case of any significant risks or anomalies, users are also informed promptly, providing them with transparency and the ability to act swiftly on their own accord.
This monitoring infrastructure not only helps prevent security breaches but also fosters user confidence, knowing that their assets are under constant, vigilant protection.