it's crazy to think about the amount of value created since the birth of smart contract audit contests, which started with
@code4rena in 2021.
- the number of criticals found across all contest platforms after multiple trad audits, probably saving billions in user funds
- the countless SRs who started with contests and now have founded/joined top tier firms providing security reviews for leading protocols (e.g
@PashovAuditGrp and
@trust__90)
there's no doubt that the second order consequences from having open security audit contests are the primary reason why the rate of defi hacks is decreasing.
shoutout to
@sockdrawermoney for bringing the concept to life 🫡