We are excited to announce we’ve recently onboarded DeFi Moon, a boutique auditing firm, as the newest member of the Inverse security partner team. The DeFi Moon team will complement internal QA and testing performed by the Product Working Group, playing a vital role in ourrenewed smart contract review process. We believe this new partnership will further bolster Inverse’s security infrastructure - in addition to our recent audit engagement with Peckshield - as we unveil a new line of products in the coming weeks and months.
This past week, Proposal #58 passed through Inverse’s governance process; formalizing an ongoing budget to compensate third-party auditors performing reviews of both legacy code and upcoming product code. After a period of research and introductions into several qualified auditing firms, DeFi Moon stood out as a talented and genuine team eager to take on the challenge and have been thoroughly vetted by our Risk and Product Working Groups. Moreover, DeFi Moon has emphasized their commitment to prioritize us as partners, and foster a close-knit working environment that will help identify security-related bugs in a collaborative/friendly manner.
Moving forward, we will shortly be announcing a bug bounty contest with a leading brand-name platform. We consider bug bounties to be a lasting complement to any external or in-house security audit capabilities that Inverse Finance develops. As such, smart contracts will only be eligible for the Bug Bounty Program once they have undergone our renewed internal review process which includes rigorous testing by the Product Working Group and other members of the Inverse security partner ecosystem including DeFiMoon.