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On this page you'll find:
We host time-sensitive, decentralized crowd-sourced audits that allow high-quality security professionals to compete and identify vulnerabilities quickly and efficiently.
The primary goal of an audit competition at Hats Finance is to ensure the robust security of DeFi protocols by uncovering potential vulnerabilities before they can be exploited maliciously. These competitions are designed to bring out the best in the auditing community, fostering a spirit of collaboration and innovation while ensuring a high standard of security for participating protocols.
There are 3 types of audit competitions:
Open to all auditors, this type of competition encourages broad participation, allowing any auditor to review and submit vulnerabilities they find while not wasting time on issues that have been submitted by others.
Restricted to white-listed auditors for a more controlled and specialized audit process, ensuring targeted, high-quality submissions while enabling the project to stay in stealth mode.
Tailored for projects needing to audit new code or modifications, especially useful for those who have previously participated in our competitions. Auditors familiar with the project can efficiently audit only the changes, streamlining the process and ensuring quick and affordable turnaround times while keeping security a top priority.
Audit competitions may include the figure of the Lead Auditor.
<aside> 💡 Lead auditors are given a base fee to audit contracts and triage submissions to reduce the burden on the committee while competing with others publicly. They have the incentive to provide thorough audits by leveraging their reputation and can earn additional rewards by finding valid bugs during the competition. This creates a dynamic where solo auditors work diligently, while other competitors search for vulnerabilities in the open audit competition.
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We offer a decentralized arbitration mechanism that addresses disputes in audit competition and bug bounty submissions, providing a fair process and outcome for all parties involved.
Why pay for a security audit if it doesn’t deliver? With Hats Finance, you don’t have to. Their pay-for-results model ensures you’re only billed when real vulnerabilities are found and fixed. Typically, Hats Finance charges the customer 20% on top of successful payouts.
Trust is everything in DeFi, and Hats Finance understands this. Hats Finance’s on-chain vault mechanism adopts a non-custodial model to ensure your assets remain controlled, reducing risks and fees.