Handewitt, Germany, July 29, 2021 (GLOBE NEWSWIRE) — The Decentralized Finance world is one of the most outstanding financial revolutions of the 21st century. Generally, with DeFi, everyone globally can take charge of their finances and investments while benefiting from other services like lending, gaming, etc. SolidProof specializes in auditing smart contracts to find vulnerabilities in a blockchain project using manual and automation testing, which helps boost investors’ trust.
However, the trust in DeFi is still lagging; thus, the adoption is also lagging. The primary reason for the lagging confidence in DeFi has always been about its bad. Generally, as a product of the crypto world, DeFi is always blamed for the issues associated with cryptocurrency. Since some KOLs still view crypto as a scam, DeFi suffers the same fate.
Fortunately, there are ways to help bolster the trust in DeFi, including audits and KYC procedures.
How Audit and KYC strengthen…