Securing Your DeFi Protocol
DeFi protocols handle billions of dollars, making security paramount. This guide covers essential security practices.
Common Vulnerabilities
- Reentrancy: Prevent with checks-effects-interactions pattern
- Flash Loan Attacks: Implement price manipulation guards
- Oracle Manipulation: Use decentralized oracles like Chainlink
- Front-running: Consider using commit-reveal schemes
Security Checklist
- Comprehensive unit and integration tests
- Professional security audit
- Bug bounty program
- Emergency pause functionality
- Timelock for critical operations
Pro Tip
Always test your smart contracts on testnets before deploying to mainnet. Use tools like Hardhat and Foundry for comprehensive testing.
Basant Singh
Blockchain Developer
Blockchain developer and educator passionate about making Web3 accessible to everyone. Building the decentralized future, one smart contract at a time.