Alpha Finance Lab, an ecosystem of DeFi merchandise, has introduced that Alpha Homora V2, a leveraged yield farming and leveraged liquidity offering protocol, is being audited by OpenZeppelin.
This marks one other step taken in the direction of the relaunch of Alpha Homora V2, which is able to see the re-enabling of borrowing/opening new leveraged positions, extra leveraged swimming pools and lending belongings added and new particular options.
Alpha Homora V2’s audit by OpenZeppelin was performed on high of earlier audits accomplished by Quantstamp and Peckshield. A number of audits are a key half in Alpha Finance Lab’s multi-prong safety mannequin.
The total audit report might be launched within the coming weeks.
Safety Mannequin at Alpha Finance Lab
Alpha Finance Lab’s safety mannequin contains:
- A number of audits from industry-leading corporations
- Steady exterior peer opinions
- Steady inner opinions
- Continuously using inner monitoring instruments
- Energetic bug bounty program
Alongside audits, inner opinions and exterior opinions by high safety researchers are being performed on Alpha’s whole ecosystem.
Moreover, inner monitoring instruments are utilized throughout Alpha Homora V1 and V2 on Ethereum and V1 on Binance Sensible Chain (BSC). These instruments assist Alpha Finance Lab preserve a high-security normal and expertise for Alpha Homora’s customers, and can help all future Alpha merchandise because the product suite expands. To spherical off Alpha’s safety mannequin, the group will quickly be kicking off an lively bug bounty program.
“By partaking in a number of exterior audits, steady inner and exterior peer opinions, and implementing inner monitoring instruments and bug bounty packages, Alpha is staying dedicated to inserting safety on the forefront of our rising ecosystem. OpenZeppelin’s most up-to-date audit of Alpha Homora V2 is only one instance of the significance we place on safety throughout all our merchandise.”
– The Alpha Finance Lab Crew