Third-party security partners

Real-time monitoring of contracts

Insures deposited funds

Risk Control Systems

Continuous auditing

Hexagate

Hexagate is our security partner to monitor the blockchain in real-time. This includes any contract that DegenPrime has exposure to, either partner protocols or our own. It allows us to stay on top of the activity on-chain and act accordingly.

Should any contract in the DegenPrime ecosystem be targeted, we will get an alert and will be able to respond to safeguard the funds of both Degenerates and Diamond Hands with the help of our security partners.

Apart from monitoring, alerting -and in the future automated responses- working with Hexagate means that our security processes are carefully reviewed with Hexagate to ensure best practices to protect our users’ funds.

Atomica

Insurance in DeFi?

Yes! DegenPrime has a customized system to enable insurance on funds and pools in DegenPrime. There is a standard insurance pool that will automatically cover a significant portion of users’ funds of DegenPrime.

This insurance will be used to reimburse users in case of any potential loss of funds due to an exploit on integrated protocols. Among others: collateral causing insolvencies, where volatile price movements can lead to unprofitable liquidations - and the other is impact from external integrations, where an exploit or malfunctioning of an integrated protocol.

FCShield

FCShield built an independent control system for DegenPrime. This is a system that operates autonomously or separately from other systems or entities, with the purpose of e.g. monitoring risks associated with different financial activities. In traditional finance the usage of control systems is often required and regulated by law.

On DegenPrime this system monitors and evaluates economic activity happening on the platform, informing about any anomalies and ensuring proper functioning of the protocol, even in extreme market conditions.

BlockSec

Security being a top priority for us at DegenPrime, we are big on audits as well: we have had 10 audits on our codebase so far.

BlockSec is a special partner for us on that front. We work on a regular basis with BlockSec and developed a uniquely close relationship with them. This results in consistent granular audits and almost real-time feedback as we develop DegenPrime.

That does not mean we are bound to a single auditor. The 10 audits we have done so far were spread across several auditors, which you can check out next.