Hacken announces the launch of DualDefense Flash Pools, combining real utility with enhanced security in DeFi. Discover how this new model addresses sector challenges through sustainable financial practices and community-driven security.
Hacken, a blockchain security auditor, is set to launch DualDefense Flash Pools, a platform aimed at improving decentralized finance (DeFi) through a combination of real yield generation and community-based security enhancements. The platform, scheduled for release soon, seeks to tackle current challenges in DeFi by offering sustainable financial models and stronger security protocols.
The DualDefense model begins when clients request an audit from Hacken, which then conducts a detailed security review of the project’s code. Upon completing the audit, Hacken opens a 30-day smart contract-based DualDefense Flash Pool. Hacken contributes USDC to the pool, and $HAI token holders can also stake their tokens. Independent security researchers from HackenProof are then invited to audit the code. Researchers who identify critical vulnerabilities are rewarded from the Flash Pool.
This system offers a twofold benefit: clients gain enhanced security without additional costs, and $HAI stakers can earn up to 180% APY from the pool. Unlike many models that rely on inflationary token emissions, this approach generates returns from real market activity, contributing to a more sustainable financial model in the DeFi space.
Hacken is also introducing a prediction market linked to audit verification. Unlike traditional speculative prediction markets, this tool provides real utility by incentivizing decentralized security practices. Staking in the Flash Pool is effectively a bet that Hacken’s audit was thorough. As more of the crypto community stakes $HAI, the pool size increases, motivating white hat hackers to verify the project’s code — creating a mutually beneficial model that enhances security while providing competitive returns.
“We’re open to feedback in the Web3 world,” says Hacken’s CEO, Dyma Budorin. “We put our skin in the game, bold enough to reveal the results of our work. We’re committed to transparency and trust, striving to improve the industry by making bug bounties accessible to all, even the smallest projects that previously couldn’t afford it. A win-win-win situation for all parties involved.”
Allowing the community to review Hacken’s audits is a bold step that puts the company’s reputation on the line for the sake of enhanced security. DeFi has been plagued by security issues, with over $1 billion lost to hacks and breaches in 2023. In Q2 2024 alone, more than $171 million was stolen from DeFi projects. Hacken’s solution includes an additional layer of security checks conducted by independent researchers, incentivized by rewards from the Flash Pool, without adding extra costs for clients.
Hacken believes aligning the interests of users, investors, and developers will create a positive cycle of sustainable growth and enhance the overall health of the DeFi sector. The upcoming release will also extend bug bounties within DualDefense Flash Pools to smaller projects with limited budgets. This approach aims to raise security standards across the industry while offering participants the potential for significant financial returns.
About Hacken
Founded in 2017, Hacken has become a leading player in blockchain security, delivering over 1,500 audits for more than 1,000 clients. With a global team of over 150 professionals, including 60+ certified engineers and 10 CCSSAs, Hacken continues to drive innovation and set high standards in the blockchain security sector.
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