Core Security Grants for Projects 

Core DAO has sealed a partnership with industry-leading smart contract and KYC firm, Certik to enhance the security of protocols in its Layer-1 ecosystem. 

Through the partnership, Core DAO will provide a grant on Certik for the security of innovative projects building on its decentralized blockchain. The Core DAO team told BSC News that the grant on Certik would be used to provide security to ecosystem projects. However, there would be criteria for auditing selected Core-based protocols determined by the top blockchain security firm. 

“We've partnered with Certik and provided them with a grant to provide audits for Core Ecosystem projects. Certik has full decision power and criteria for choosing the projects (coming soon) TVL is one of a few examples they will use. They will get a full audit from CertiK,” the team wrote to BSC News. 

As shared in the exclusive comment, one of the criteria may be the Total Value Locked (TVL). Others will be disclosed by Certik soon. Most importantly, Certik would audit their favorite Core-based protocols based on the security grant. Further, the partnership is an excellent opportunity for Core protocols to get top-class security audits from one of the best Web3 organizations in the industry. 

Since its mainnet launch in January, numerous protocols have shown interest in leveraging the blockchain’s unique capabilities. Several innovative protocols with different use cases, including Non-Fungible Tokens (NFT), Decentralized Exchanges (DEX), and GameFi, have contributed to the growth of the Core ecosystem. 

As of April, Documenting Core, the number one source for insights on the Core blockchain, disclosed that over 75 projects are part of the Layer-1 ecosystem. The Certik audit will contribute to the credibility of some of these projects as it continues to expand in the Decentralized Finance (DeFi) space. 

What is Core DAO:

Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the crypto ecosystem's history and an even greater excitement for Core’s role in its future.

Where to find Core DAO:

Website | Docs | Twitter | Discord

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