stUSDT Partners with ChainSecurity to Complete Comprehensive Security Audit
TL;DR
stUSDT's partnership with ChainSecurity ensures robust security measures, providing a competitive advantage in the DeFi ecosystem.
ChainSecurity conducted a comprehensive security audit of stUSDT's smart contracts, identifying no critical or high-risk vulnerabilities.
The initiative demonstrates stUSDT's commitment to safeguarding user assets, making the platform a secure and trustworthy space for real-world assets.
stUSDT, as the first rebase RWA protocol, connects the crypto industry with the real world, offering equitable opportunities for all to engage with real-world assets.
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stUSDT has announced a partnership with leading security audit firm ChainSecurity, which conducted a comprehensive security audit of its smart contracts. The complete audit report and whitepaper are now available on stUSDT's official website. This initiative demonstrates stUSDT's commitment to safeguarding user assets and strengthens its position as a secure and trustworthy platform for real-world assets.
ChainSecurity, renowned for its top-tier security audits, has previously audited for established industry players such as the Ethereum Foundation, Circle, Polygon, Uniswap, MakerDAO, Curve, Compound, Lido, and Yearn. In their most recent audit of stUSDT's smart contracts, no critical or high-risk vulnerabilities were identified, demonstrating the platform's robust security measures.
Following the audit, stUSDT has implemented security recommendations from ChainSecurity by upgrading its contracts on June 24. The updated system is under continuous monitoring to ensure smooth and secure operation. The complete audit report and whitepaper are readily accessible on stUSDT's official website. The whitepaper outlines the stUSDT protocol's architecture, design, and governance structure, as well as its robust infrastructure that's designed to protect user assets.
"We are pleased to announce the successful completion of stUSDT's audit. Our thorough review, which was focused on access control, functional correctness and solvency, found no major issue. We thank the stUSDT team for their trust and professionalism as this audit underscores our commitment to maintaining the highest standards of security and reliability in the DeFi ecosystem" said Matthias Egli, Founding Partner at ChainSecurity.
stUSDT, the first rebase RWA protocol, operates through the decentralized JustLend DAO platform. The stUSDT platform is dedicated to narrowing the gap between retail and institutional investors while connecting the crypto industry with the real world. By leveraging smart contracts, stUSDT ensures equitable opportunities for all to engage with real-world assets. Since its launch, stUSDT has gained significant popularity, reaching a total TVL of $269 million and offering an APY of 4.66% as of July 1, 2024.
*Disclaimer: Please be aware that stUSDT and any related services or offerings are not available to users in the United States. This restriction includes any transactions, interactions, or engagements with stUSDT. Users residing in the U.S. should not participate in stUSDT-related activities.
Curated from News Direct
