What do Lido, Red Stone, YieldNest, and Braintrust have in common? They’ve developed effective methods for improving security without drastically increasing costs.
Top-tier protocol practices
Security is a must in the blockchain industry, and as a founder, you’re constantly exploring effective methods to safeguard your protocol. At Composable Security, we’ve had the privilege of auditing top-tier protocols and learning from their security approaches. While each of these projects has numerous valuable practices worth copying, we’ve chosen to highlight strategies that are particularly impactful yet frequently overlooked by many founders.
Here are insightful practices from our clients that you can immediately consider applying to enhance your project’s security.
Lido – Leveraging Community and Detailed Answers
The Lido team ensures audits are highly effective by thoroughly preparing materials that help auditors quickly get familiar with the scope. They provide detailed documentation and extensive responses to all questions, significantly improving audit quality.
They tackle security challenges by openly sharing experiences at industry conferences and events.
Discussing their specific issues publicly allows them to tap into the collective intelligence of security experts, often receiving innovative solutions at no additional cost. Get feedback not only in the context of your DApp, but also the practices you follow.
During the next conference, share your challenges and see what the experts advise you.
Key takeaway: Comprehensive preparation and transparent community engagement significantly enhance audit outcomes and yield cost-effective solutions.
Red Stone – Proactive Consulting Over Reactive Fixes
Red Stone sees audits as strategic opportunities, not merely reactive fixes. Rather than waiting until development concludes, they proactively engage auditors early to guide secure construction from the beginning. This reduces vulnerabilities and accelerates project timelines.
Key takeaway: Early security consultation can prevent vulnerabilities, streamline development, and conserve long-term resources.
Braintrust – Proactive Risk Mitigation Beyond Vulnerabilities
Braintrust demonstrates security diligence by going beyond simply addressing identified vulnerabilities. After completing audits, they actively implement recommended security enhancements and deliberately minimize risks wherever feasible. Braintrust understands that even if vulnerabilities are scarce or challenging to exploit, proactive risk minimization is essential to ensure robust protocol security.
Key takeaway: Actively following security recommendations and proactively minimizing risks significantly strengthens long-term protocol security.
YieldNest – Transparent and Collaborative Auditing
YieldNest maximizes audit effectiveness by openly sharing findings as they’re uncovered, rather than waiting until audits conclude. Instead of wasting time on finding the same vulnerability, auditors can focus on other attack vectors or get inspired and find something similar elsewhere. This transparent approach allows teams to address vulnerabilities promptly, optimizing audit resources.
Additionally, YieldNest maintains a trusted circle of auditors familiar with their codebase but strategically rotates audit partners to continuously bring fresh perspectives.
Key takeaway: Immediate vulnerability disclosure and regular rotation of auditors significantly enhance security coverage.
Conclusion
These projects demonstrate that transparency, proactive security planning, and strategic community engagement are invaluable tools. By incorporating these strategies into your approach, you can substantially fortify your project’s resilience in the dynamic blockchain ecosystem.
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