ChainSecurity

1/8 We're hiring for technical and sales roles! 1. Blockchain Security Engineers (multiple) 2. Business Development Engineer Here’s a bit about what working at ChainSecurity looks like.👇🧵

@ammalgam Congratulations!🔥

Ammalgam is LIVE on Ethereum mainnet. Trade impermanent loss for permanent gain: ammalgam.xyz

@duelinggalois @ammalgam Congratulations! Happy to see the launch! 🔥

I am very proud to announce that we have launched the @ammalgam protocol. I have spent the last 4 years building a simple idea, a dex coupled with a lending protocol to create capital efficiency for dex liquidity providers, and the utility to borrow anything. There is a lot to say from a technical perspective about the construction of various elements of the protocol. It is complex, this was the cost of building something that can theoretically support borrowing on any token. Decoupling off-chain crypto trading data from lending markets is a critical step to unlock decentralized finance. Some critical features: - Dex trading assets are automatically lent out in the integrated lending protocol to earn swap fees and lending fees - Dex trading assets can be used as collateral to borrow against, unlocking neutral, long, and short market making, and leveraged liquidity. - Leveraged market making is similar to concentrated liquidity in its effect, but uses borrowed assets rather than a protocol mechanism - Users can borrow dex liquidity shares to allow for turning impermanent loss into impermanent gain. - liquidity is fungible allowing for both simpler math for borrowing calculations and easier matching of users needs, similar to the advantages of perps over options. - Swap fees scale with price change impact rather than swap size to allowing for algorithmically pricing informed vs uninformed order flow to the dex. Additionally making it expensive to manipulate the price - A series of protections are in place to protect the concept of price from manipulation, using a price range from multiple twap lengths and spot price, pricing assets with the worst price in that range for ltv calculations, and limiting recorded prices in the twap to move 10 ticks per block to ignore outliers. - Each new loan is checked for its impact to liquidation risk by bucketing the price curve into 25 tick tranches and capping how much potential liquidation risk can be supported in each tranche by pool swap reserves in case of cascading liquidations. - Debt spanning multiple tranches can be liquidated in chunks, one tranche at a time using a dutch auction that increases the premium as the ltv of that chunk increases. This ensures that massive loans are not at risk of destroying the price by being liquidated all at once (👋 @newmichwill). Perhaps some will say that the design and concept we put forward is similar to something else. This is likely true in many facets of what we built, we surveyed everything that has been built and took ideas from everywhere, this wouldn't be possible without the free sharing spirit of open source code. As such all contracts are open source and available to view on etherscan. We spent a tremendous amount of time and effort working to fix all the issues we could find. Perhaps it was enough effort, perhaps it was not. Today marks the start of the final audit and the start of our ability to find product market fit. Today ends one chapter and start the next. I am looking to get in touch with: - Creators of tokens - Vault operators - Providers of on chain market making liquidity - Anyone who has used a lending protocol before on chain - Swap aggregators - Searchers - And anyone else who is curious about how to leverage what we built

@mezzanine_fi chainsecurity.com/security-audit… 🙌

The ChainSecurity audit of Mezzanine is public. Zero Critical findings. Zero High. This sits alongside the Certora formal verification audit, a Sherlock audit, and an ongoing operational security audit. Full report: chainsecurity.com/security-audit…

If you're building on Aptos, we're ready to help secure it. Happy to review new audit requests on Areta!

Security? ✅ Thanks for the deep dive @chain_security 🤿 The Solver7702Delegate feature lets solvers participate in multiple auctions in parallel, bringing faster settlements, increasing competition, and helping deliver better prices for users.

@CoWSwap It was a pleasure! 🫡

6/6 Read the full audit report here🔗 chainsecurity.com/security-audit…

5/6 We also examined how a solver EOA's behavior changes once it carries code, how contracts that check for code length or rely on tx.origin may treat it differently, and how it behaves if the delegation is later revoked.

1/6 We recently audited @CoWSwap's Solver7702Delegate, an EIP-7702 delegation target for CoW Protocol solvers.👇

@aave We've very happy to work together! 🫡🤝

A new Aave V4 security audit by @chain_security is now available, covering the V4 Tokenization Spoke. Review it below.

@chain_security and @sherlockdefi, two of the most trusted names in DeFi security, are spearheading audits to help future-proof the next generation of liquidity infrastructure. Both firms command a deep understanding of the MetaDEX codebase, having audited prior versions as partners since 2024. ChainSecurity has dedicated significant resources to securing the launch of Aero, reviewing designs and architecture before core development even began. Their senior team brings nearly a decade of deep expertise to the audit, collaborating with top DeFi protocols since 2017. Sherlock has leveraged their top-tier audit track, Blackthorn, alongside a private team dedicated only to Aero, to produce the strongest possible security outcome. To date, $250B+ of onchain value has been secured across 1,000+ collaborative audits completed by Sherlock.

Aero is designed to be institutional-grade infrastructure, which means audits and security are critical: no shortcuts, no half measures, no detail missed. As our first full round of audits nears conclusion, we wanted to share more about the partners leading the efforts. More 👇

@wordsgirljul 🔥🫡🍽️

the best side events aren’t side events 💓 (we love team @chain_security)

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One of our engineers and myself are at @ethconf this week. Hmu if you're around!