DeFi protocol Oxygen receives a series of audits from Kudelski Security »CryptoNinjas
Oxygen, a Solana-based DeFi prime brokerage service supported by Serum’s on-chain infrastructure, announced today that it has signed a strategic agreement under which Kudelski Security, a division of the Swiss Kudelski Group, will provide security assessment And platform architecture support.
Soon, Kudelski will conduct a series of reviews and audits of Oxygen’s functions and interfaces. At the same time, Kudelski will continue to cooperate with Oxygen to evaluate future enhancements, changes or additions to the Oxygen agreement.
“Institutions and individual investors have the right to expect that they can trust the quality, reliability and stability of the Oxygen ecosystem. For Oxygen, this partnership provides transparency, strengthens the agreement to fully comply with its commitments and prove its safety Absolute confidence in sex; all of this is based on a comprehensive assessment by the world’s leading cyber security experts.”
– Viktor Mangazeev, co-founder of Oxygen
Most importantly, the Kudelski security team will conduct source code evaluation, architecture review, and architecture verification of the Oxygen.org financial system.
One is to pay special attention to contract mechanisms, financing logic, yields, lending, leverage mechanisms, and other relevant fund security considerations
In addition, the verification analysis will confirm that the formulas, passwords/mathematics, etc. in the software have faithfully realized the specified intent of the protocol. The test will also include dynamic checks on key financial risk scenarios, such as edge conditions, liquidity events, etc.
“I am very pleased to be able to cooperate with Oxygen in this series of activities. It is very important to demonstrate strategic leadership in promoting cybersecurity. Comparable traditional businesses have been audited and tested for many years; emerging ecosystems must go all out to build users The trust of environmental partners.”
– Scott Carlson, Head of Blockchain Security, Kudelski Security
Oxygen is built on a growing liquid serum ecosystem; it uses an on-chain order book to match borrowers and lenders to provide fair interest rates. Currently, Solana processes up to 50,000 transactions per second. The cost of each transaction is only $0.00001, and Solana plans to further expand these functions.