KEY TAKEAWAYS
- Coinspect has completed audits for Soroban contracts, enhancing security for Stellar blockchain integration.
- The audits ensure all security measures are in place, crucial for major project releases.
- Balanced can now confidently launch its front-end on Stellar, utilizing ICON’s General Message Passing for cross-chain swaps and loans.
- Coinspect’s expertise in auditing supports the delivery of a secure DeFi platform.
Coinspect has successfully completed audits for Soroban contracts related to General Message Passing and Balanced, marking a significant milestone in the integration with the Stellar blockchain. The audits, which began in October, have undergone thorough reviews to ensure all necessary security measures are in place. This process is crucial for any major project release, as it helps to identify and rectify potential vulnerabilities.
With over ten years of experience, Coinspect has brought its expertise to ensure the security of these blockchain integrations. The completion of these audits allows Balanced to confidently launch its front-end on Stellar. Balanced utilizes ICON’s General Message Passing (GMP) to enable seamless cross-chain swaps and loans, powered by ICX. This integration aims to provide users with a secure and efficient decentralized finance (DeFi) platform.
The ICON and Balanced teams are committed to delivering a trustworthy platform for their users. Coinspect’s longstanding reputation in auditing services is expected to uphold and exceed the security standards required for such projects. The full report of Coinspect’s audit can be accessed here.
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