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Quantstamp Joins Open DeFi As Newest Member to Help Create Solutions to Manage the Risk Associated With DeFi

Quantstamp has joined Open DeFi to provide insight and leadership in risk management practices to foster the growth of decentralized finance.

Open DeFi was launched in September 2020 as a bridge across borders, cultures, and markets with the goal of fostering the growth of DeFi through focuses on risk, liquidity, and innovation. The addition of Quantstamp to Open DeFi provides a knowledgeable and reputable source for creating solutions to manage the risk associated with DeFi.

Founded in 2017, Quantstamp has emerged as one of the leading audit providers in the blockchain space. Their audits have protected over $5B in digital asset risk for more than 120 startups, foundations, and enterprises like Maker, Chainlink, and Binance.

“We’re excited to have Quantstamp join Open DeFi as a core member to lend their expertise in digital asset security. Having helped protect over $5B worth of assets from organizations ranging from innovative startups to enterprises makes Quanstamp an invaluable partner to facilitate the sustainable global growth of decentralized financial systems.”

— Eden Dhaliwal, Managing Director Conflux Network

DeFi has had its share of high profile hacks over the years, and audits have been one of the last lines of defense before an application is deployed. The process can be expensive and time consuming but is undeniably necessary for the safety of assets and the growth of the DeFi space. Quantstamp and Open DeFi aim to provide better solutions that reduce the barriers to auditing and establish a more secure foundation for the growth of DeFi.

“Quantstamp is joining Open DeFi because we are excited to collaborate with other experts in the industry to push DeFi forward. Through our security audits, we have secured over $5 billion USD of value for over 140 blockchain projects including yearn.finance, Curve, and Ethereum 2.0. These experiences provide us with unique insights into risk management and Open DeFi gives us the opportunity to share this knowledge with the community. Participating in the risk management track, we look forward to learning from our peers and working together to address some of the industry’s biggest challenges.”

— Richard Ma, CEO of Quantstamp

About Open DeFi

Launched in 2020, Open DeFi is a global initiative that seeks to develop the decentralized financial ecosystem and advance the collaboration of DeFi projects across borders and blockchain networks. Through a unique program focused on risk management, new liquidity strategies, and innovation, Open DeFi brings together global CeFi and DeFi partners to drive the future of finance. Members include Conflux Network, Sequoia Capital, Blockpower Capital, Antelope Holdings, dForce, DeBank, MCDEX and Shanghai Science and Technology Committee.

For more information, visit: https://www.open-defi.com/

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