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Cyfrin Moderator Pst.
Mar 29, 2024
Expert Q&A

What are the recommended protocols for smart contract audit?

I am looking to conduct a smart contract audit and would like to know the best protocols to follow. Can anyone suggest a wide range of protocols that are commonly used in competitive audits? Any insights or recommendations would be greatly appreciated. Thank you.

  • Foundry
  • Security
  • Blockchain
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Cyfrin Moderator Ans.
Mar 29 2024, 10:51

Common DeFi Protocols for Studying Architecture in Competitive Smart Contract Audits

When delving into the study of common architecture in competitive audits within the DeFi space, it is essential to consider prominent protocols that offer valuable insights. Three notable protocols that are crucial for this purpose are:

  1. Aave: A leading lending protocol in the DeFi ecosystem, Aave facilitates lending and borrowing activities. The protocol utilizes the AAVE token for security and governance, allowing users to stake AAVE tokens to earn rewards. For a detailed analysis of Aave's architecture, refer to Aave's architecture study and their latest audit report here.

  2. Uniswap: Known as a decentralized exchange protocol, Uniswap enables direct trading of ERC20 tokens. Liquidity providers contribute assets to a liquidity pool and earn fees from trades. By providing liquidity, users can earn the native UNI token. To explore Uniswap's architecture, access the architecture study and the latest audit report here.

  3. MakerDAO: Operating as a decentralized credit platform, MakerDAO allows users to generate DAI, a stablecoin pegged to the USD, by locking up collateral in the form of cryptocurrency. The protocol is governed by a community of MKR token holders. To delve into MakerDAO's architecture, refer to the architecture study and the latest audit report here.

These protocols have undergone extensive auditing processes, offering valuable insights into their architectural designs and potential vulnerabilities. For further exploration and in-depth understanding, additional resources can be considered.

Should you require any further clarification or information, feel free to ask.

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