Industry Leading Web3 Security & Audits.
Stablecoin Audit
Comprehensive audits and reviews to ensure robust security and optimal operational efficiency for your stablecoin across all chains.
Less than 3 hour response time
Hashlock Evaluating Stablecoin Safety
The growing adoption of stablecoins underscores the importance of ensuring their reliability.
Consistent, comparable, and objective audits are essential for maintaining stability and gaining market confidence.
Hashlock offers tailored solutions to meet the unique requirements of every stablecoin, whether centralized or decentralized, across all chains.
Secure your Stablecoin across Multiple Chains, We Audit:
- Fiat-Backed Stablecoins
- Commodity-Backed Stablecoins
- Crypto-Backed and Algorithmic Stablecoins
Hashlock works with new and existing projects, enhancing transparency through cutting-edge auditing and attestation mechanisms tailored to your needs.
Our Audits Covers:
- Smart Contract Reviews: Comprehensive checks for safe and efficient minting, burning, and over-collateralization mechanisms.
- Reserve Validation: Vetting reserves and issuance mechanisms to ensure minted tokens are fully backed by sufficient assets, delivering transparency and trust for your stablecoin.
- Assess over-collateralization and smart contract functionality for secure minting and burning.
- Oracle Security: Ensuring safe oracles to prevent price manipulation and discrepancies.
- Real-Time Monitoring: Rapid response mechanisms to mitigate risks in volatile markets.
Risks Associated with Stablecoins
Let’s explore some of the security challenges of stablecoins:
Trust and Confidence Issues
Fiat-backed stablecoins require verified reserves to ensure credibility and market confidence.
Oracle Manipulation
Oracle reporting incorrect asset prices that do not reflect the broader market can disrupt algorithmic stablecoins that depend on over-collateralization.
Smart Contract Vulnerabilities
Unchecked smart contract flaws increase the risks of attacks and exploits leading to losses and eroding users’ trust.
The Hashlock Advantage
At Hashlock, we’re more than just auditors, we’re security partners in ensuring your stablecoin’s success.
What Sets Us Apart:
- Clear Communication: Transparent and consistent updates throughout the auditing process.
- Expert Team: Experienced smart contract security professionals and tokenomics specialists.
- Timely Delivery: Audits completed on schedule to keep your project on track.
- In-Depth Reports: Comprehensive findings with actionable recommendations to address identified issues.
- Continuous Monitoring: Incident response and real-time monitoring services to safeguard your stablecoin post-audit.
Our Audit Process
Extensive Manual
Code Review
In-depth examination of code for hidden issues.
Vulnerability
Analysis
Identifying potential security weaknesses.
Offensive
Testing
Using leading software toolkits to simulate attacks.
Development
Revisions
Providing initial feedback for improvements.
Final Analysis and
Report
Detailed final assessment with comprehensive findings.
The Hashlock Security Rating System
Our Blockchain audits are based on our consistent rating system, in which code is qualified based on its quality, vulnerability, future risk, and complexity. We advise that projects with a rating less than secure should not be deployed, and the Hashlocked rating is reserved for projects that value and invest in ongoing security efforts after the audit to protect their stakeholders.
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