Audit firm OpenZeppelin has unveiled the Defender open source platform for the automated creation of Decentralized Finance (DeFi) applications.
OpenZeppelin CEO Demian Brener said the Defender framework allows for the secure automation of smart contracts. This significantly speeds up the creation of applications, which usually takes several months for developers. Defender supports level 1 and 2 smart contracts, as well as sidechains. The platform is already being tested by decentralized finance projects Aave, Compound Labs, dYdX and Balancer.
The Defender software is designed to ensure that developers don’t have to reinvent the wheel with each project. Building your own tools from scratch or writing code in a hurry carries enormous risks, especially if firms are looking to get their product to market as soon as possible.
Props CTO Peter Watts (Peter Watts), who participates in the test platform, said working with smart contracts takes effort. The Defender will “make life easier” for developers and help avoid human error, and manage smart contracts easier and safer.
Many Ethereum-based DeFi applications are already facing serious issues from smart contract audits or vulnerabilities. A few days ago, hackers managed to carry out an attack on the Harvest Finance protocol and withdraw $ 25 million worth of crypto assets. In August, the YAM Finance project was closed due to a critical error in a smart contract that allows an unintended release of YAM tokens. In September, the YAM Finance developers announced a post-audit restart.
As a reminder, a year ago, OpenZeppelin launched a library of proven smart contracts in partnership with Microsoft.