Industry
Nord Finance successfully concludes Security Code Audit from leading blockchain security firm Zokyo
Bitcoinist | Feb 16, 2021 | 15:02
Nord Finance, a blockchain agnostic platform, is an advanced decentralized financial ecosystem focusing on simplifying decentralized finance products for users by highlighting traditional finance’s key attributes. Deployed on the Ethereum Network, it integrates multi-chain interoperability, thus proposing a plethora of financial primitives, which constitute savings, advisory, loans against assets, investment/funds management, and swaps.
Nord Finance is a next-gen advanced decentralized financial ecosystem to serve the rising needs targeting novice users and professionals to meet their financial goals.
Nord Savings nears the launches on the Ethereum Network with a successful Smart Contract Security Audit
The partnership of Nord Finance with Zokyo advocates the significance of security. With the dynamic DeFi landscape, there is a prerequisite of an effective protection layer for financial primitives. Indeed, with Zokyo’s enhanced support, Nord Finance successfully concludes the smart contract audit as it gears up for the main net launch on the Ethereum Network. The elite blockchain security firm Zokyo’s testable audit code score for Nord Finance aggregates to 95.99%, which is above the required industry standard of 95%. With the advanced penetration in Nord Finance’s smart contract codes on the Github repository, the Zokyo team has intricately reviewed the nuances of the smart contract code. It has conducted cross-comparison tests to avoid malicious attacks in the forthcoming future by reviewing the code manually.
Zokyo’s smart contract developers have conducted advanced penetration testing on the technological and economic front. Nord Finance’s smart contract code is evaluated on the basis of quality, security, and correctness. The audit team also advocated that Nord Finance’s code was appropriately written. Moreover, the audit team did not find any intricate bugs relating to the code. The security audit report was limited to optimizations and Solidity coding standards. Tokyo’s team employed the Truffle testing framework to evaluate and access the code’s functionality.
A step closer to driving mainstream DeFi adoption
With Zokyo’s manual testing and automated audits, the comprehensive DeFi protocol is set to launch its select products on the Ethereum Network. Zokyo will continue to maintain a closer relationship with Nord Finance and assist its vision of providing cutting-edge technological developments in the DeFi landscape. The Nord-Zokyo partnership is an example of how the amalgamation of innovative solutions leads to unleashing the potential of DeFi in the dynamic financial sphere. The latest audit of the Nord Finance platform will result in accelerating the DeFi adoption for platform users. It will strive towards enhancing the overall experience of the users with increased functionality and improved security mechanisms.
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