Fija enhanced smart contract security and fund protection following softstack’s in-depth audit, with all identified risks addressed.
DeFi security is more critical than ever, with billions lost to exploits and vulnerabilities. In 2024 alone, DeFi hacks resulted in over $3 billion in losses, highlighting the urgent need for rigorous security measures. Germany’s leading blockchain security firm softstack recently conducted four independent smart contract audits for fija, identifying and mitigating over 50 vulnerabilities. This case underscores why thorough security assessments are essential for any DeFi protocol operating at scale.
Key Audit Areas
Softstack’s audits focused on securing critical components of fija’s protocol, including:
Vault & Core Protocol – Strengthening fund security and seamless transaction execution
Curve & Convex Strategies – Protecting liquidity and yield farming mechanisms
GMX & Aave Optimizer – Enhancing risk management in leveraged trading and lending
Each audit assessed smart contract vulnerabilities, access controls, and transaction security, ensuring that fija remains resilient against emerging threats.
Catch more Fintech Insights : Finance in 2025: The Tools, Trends, and Challenges Ahead
Security Findings & Enhancements
Softstack’s expert auditors uncovered over 50 security gaps, all of which were fixed. No critical security risks were found, reinforcing the robustness of fija’s security model.
Key improvements implemented:
Stronger smart contract security mechanisms
Optimized fund allocation strategies
Enhanced documentation and best practices
Why DeFi Security Matters Now More Than Ever
In 2024, the DeFi ecosystem saw a staggering $3 billion lost to hacks and exploits – a significant increase from previous years. These incidents often exploited unpatched vulnerabilities in smart contracts, underscoring the necessity of regular, comprehensive audits.
fija is a cutting-edge DeFi infrastructure provider offering automated and tokenized investment strategies. By offering MiCAR and MiFID compliant crypto yield products, fija delivers compliant and secure yield opportunities for investors. fija’s smart contracts integrate with leading DeFi protocols such as Aave, GMX, Curve, and Convex, ensuring optimized yield strategies for both institutional and retail users.
softstack is a Web3 service provider for software development and top-tier blockchain security firm, specializing in smart contract audits, penetration testing, and security consulting. With extensive experience in DeFi security, softstack helps Web3 projects stay secure, efficient, and compliant in an evolving blockchain ecosystem.
Read More on Fintech : Catching the New Wave of AI-Driven Fraudsters with Data Science
[To share your insights with us, please write to psen@itechseries.com ]
