Hats Finance

Hats.finance builds self-sufficient and autonomous Web3 security mechanisms, helping secure millions of users’ assets. Hats was founded on the premise that a decentralized financial system needs decentralized security solutions. This led to the creation a security primitive now being used in a variety of novel ways. For instance, our audit competitions are time-based open calls to audit that incentivize high quality auditors to compete with one another to secure smart contracts fast. Hats’ audit competitions have a variety of advantages including: - Being fully on-chain for maximum transparency and trust. - Quick spin-up time to get security professionals eyes on code quickly. - Leveraging the power of distributed work by getting more eyes on code. - Reducing auditing costs through projects only paying for valid vulnerabilities. Our bug bounty ecosystem operates in accordance with the decentralized tenets of Web3. This has a range of advantages for projects, users and security professionals including: - Projects and users can contribute liquidity to the vault - All submission processes are fully on-chain - Due to the peer-to-peer nature of the platform, it is impossible for security researchers to be tracked - Support for composable smart contracts - A decentral arbitration mechanism can be used to resolve disputes Given our DeFi ethos and with a range of other security services also available, Hats Finance is positioned to become the emerging go-to Web3 security marketplace.

Website

https://hats.finance/

External link for Hats Finance

Industry

Security Systems Services

Company size

11-50 employees

Type

Nonprofit

Founded

2021