De.Fi (DEFI): Safeguarding Your DeFi Investments
Decentralized finance (DeFi) has experienced monumental growth over the years with the industry-wide total value locked (TVL) standing at over $91 billion by the close of 2024. Despite the head-spinning influx of funds into DeFi platforms, security concerns are running high.
Some DeFi users place their trust solely in the cryptographic security mechanism used by blockchains, assuming it to be nearly infallible. Yet, the DeFi space has witnessed the loss of billions due to hacks and exploits in recent years, a stark reminder that achieving comprehensive security on these platforms is far from an accomplished task.
Simply speaking, the pace of growth in the DeFi industry has far outstripped the security advancements made by its protocols. In an environment where hacks, rug pulls and smart contract vulnerability exploits are rife, whatâs sorely needed is an industry-wide solution to address these challenges. We might now have that fix in the form of De.Fi (DEFI), an innovative, decentralized multichain protocol committed to safeguarding tradersâ funds within the crypto finance ecosystem.
De.Fi offers a suite of products designed to enhance the security of investing and transacting on DeFi protocols. In the words of the De.Fi project team, its aim is to become the âCoinMarketCap of Security.â
Key Takeaways:
De.Fi is a decentralized protocol that provides a comprehensive set of security tools for crypto traders and investors to manage, monitor and protect their investments, as well as analyze potential investment opportunities for security risks.
The protocolâs latest version, De.Fi 2.0, features a generative AI-based chat assistant that provides forecasts, insights and advice on DeFi investment opportunities.
DEFI, the native token of the De.Fi ecosystem, is used for governance and to access exclusive products, reward users and power the De.Fi chain. Itâs available on Bybitâs Spot trading platform.Â
What Is De.Fi?
De.Fi (DEFI) is a multichain protocol offering DeFi users a comprehensive set of security tools to help them invest confidently. These tools are crafted to aid in protecting investments, analyzing protocols and monitoring the landscape for any suspicious developments. Using De.Fi, traders can monitor network addresses and wallets, keep an eye on their borrowed or lent funds, explore safe yield opportunities and obtain insights into any vulnerabilities associated with 246 protocols across 33 blockchains covered by the platform.
De.Fi also includes tools for smart contract security analysis and audit. The platform maintains some of the largest security-related databases â both a database of smart contract audits, and a database of DeFi protocol hacks (also known as ârektsâ).
The De.Fi platform features a generative AI-based tool that guides traders in making informed investment decisions, based on their personal preferences, that takes into account security considerations, investment risk levels and other critical factors.
As of mid-January 2025, De.Fi had integrated with over 33 blockchain networks with full EVM interoperability, such as Ethereum, Arbitrum and Polygon, as well as nonâEVM-compatible chains.
Some of the popular Ethereum-based DeFi protocols covered by De.Fi
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Source: De.Fi
De.Fi Key Features
De.Fi Portfolio Tracker
The De.Fi Portfolio Tracker, a key feature of the De.Fi platform, is a comprehensive super app to help users with all their DeFi needs. This feature is designed to address the complexities associated with DeFi, especially when it comes to managing assets.
Some of the features youâll find on the De.Fi Portfolio Tracker are as follows:
Consolidated Account Overview
Get a view of your entire digital assets at a glance, and quickly scan your holdings to see your crypto tokens and NFTs across multiple EVM-compatible and nonâEVM-compatible chains.
Comprehensive Asset Support
Because of the fragmented nature of DeFi products, you need to keep switching between platforms to access your assets. With the De.Fi Portfolio Tracker, however, you can access assets on multiple networks through one interface.
Easy Asset Management
The De.Fi Portfolio Tracker allows you to create address bundles so you can group multiple wallet addresses into a single portfolio. This feature gives you a complete view of your investment portfolio, facilitating easier management of your assets, especially if you constantly transact across different platforms.
Seamless Monitoring of TransactionsÂ
The Portfolio Tracker has also incorporated a Transaction Tracker, which monitors and records all transactions conducted through the platform across the various supported networks. Get a detailed history of your trades, staking history and contributions to liquidity pools.
Crypto Market Page
De.Fi also features a Crypto Market Page, where you can find deep insights designed to help you analyze and track the DeFi market. Designed as an alternative to popular crypto tracking website CoinGecko, it allows you to stay updated with whatâs happening in the crypto space.
The Crypto Market Pageâs user-friendly interface accommodates the needs of both novice and advanced users. You can examine the performance of various cryptocurrencies, including most altcoins and stablecoins, and use the Safety tab, which provides you with security ratings of projects, including highlights about the potential security risks and protective measures of the highlighted asset.
Explore Yields
De.Fiâs Explore Yields feature lets you discover yield opportunities across DeFi protocols integrated with the De.Fi platform. Itâs designed to optimize your yields by providing you with a comprehensive platform to view and analyze potential returns.
The tool is rich with yield data of different protocols, which helps you make an informed decision when investing in yield farming. The data isnât limited to EVM-compatible networks, and includes info on yield farming opportunities on networks such as Solana, Osmosis and Tezos. Explore Yields also includes a filter function that allows you to customize your search to include only your preferred protocol for a more streamlined experience.
Security Tool Kits
De.Fi Shield
De.Fi Shield is a solution designed to continually monitor smart contracts, tokens and NFTs that interact with your wallet. Many DeFi traders grant access to their wallets to numerous apps that manage funds on their behalf. De.Fi Shield promptly identifies potential vulnerabilities or risks within the smart contract code of these apps in order to forewarn you about possible hacks and security threats.
Contracts and NFTs deemed particularly risky by De.Fi Shield are categorized as "High Risk," warranting further attention on your part. You can then easily revoke permissions previously granted to such apps. Using the Revoke functionality is certainly much more flexible and quicker than going through all the potentially vulnerable DeFi platforms youâve interacted with, one by one, to turn off wallet permissions. Meanwhile, high-risk tokens can easily be exchanged for other tokens with a click of the Swap button.
Smart Contract Scanner
The De.Fi smart contract scanner is a solution designed to analyze any smart contract across the blockchains that De.Fi interacts with. It provides traders, developers and app operators with comprehensive analytics and assessment of smart contract code.
The scanner identifies potential vulnerabilities, and assigns a score ranging from 0 â100 to indicate a given smart contractâs level of security. The entire scanning process takes just a few seconds, making the scanner a quick and efficient tool for assessing security risks in smart contract code.
The scanner is a powerful analytics tool for DeFi traders, providing the chance to identify lucrative opportunities while protecting against potential scams and vulnerabilities. Developers can also leverage it to validate their own code for security flaws, thereby ensuring a safer trading experience for users.
Additionally, the scanner can analyze some popular tokens in detail to learn more about a token's liquidity levels, ownership concentration and other vital data.
Audits
Audit Database
De.Fi's Audit Database contains information on smart contract audits conducted for numerous decentralized apps (DApps) operating within the DeFi sphere. In the last couple of years, many DeFi platforms have adopted regular code audits to reassure traders and demonstrate transparency of operations. The Audit Database details these past audits, providing information on each project's key points â the audit date, any revision dates, the auditor company involved and more. In addition, it contains details of audits conducted by the De.Fi platform and by a number of other trusted audit providers, such as Quantstamp, PeckShield, Chainsulting, OpenZeppelin, Consensys, CertiK and more.Â
Rekt Database
TheRekt Database details all the occurrences of hacks, exit scams and other security events in the DeFi world recorded by the De.Fi platform. Itâs one of the largest databases of DeFi security breaches or breach attempts available in the industry.
De.Fi 2.0
Unveiled in October 2023, De.Fi 2.0 represents a significant enhancement to the original platform. In addition to functional improvements to the base security tools, De.Fi 2.0 has introduced several new products and services:
De.Fi Connect â This feature is an enhancement to the platform's social profile. It aims to further develop community engagement, protocol adoption and interaction among the users of De.Fi products.
De.Fi L2 Chain â DeFi 2.0 has also featured the launch of the platformâs own Layer 2 solution, De.Fi L2 Chain. The Layer 2 protocol is designed to improve the cost efficiency and scalability of De.Fiâs operations.
De.Fi GPT â De.Fi GPT is a generative AI chat tool modeled after the ubiquitously famous ChatGPT. While ChatGTP is a general-purpose chat assistant, De.Fi GPT has been trained to provide personalized insights, advice and financial forecasts tailored to usersâ preferences.
The versatile generative AI assistant offers customizable forecasts and investment advice based on adjustable factors, such as the user's preferred risk levels, destination protocols' security status, historical vault performance and various other relevant metrics.
What Is De.Fi Chain and How Does It Work?
De.Fi Chain is a smart contractâenabled audit and verification platform. Itâs designed to comprehensively analyze smart contracts that developers from various platforms submit for verification purposes. Through a decentralized network of Indexer nodes, De.Fi Chain thoroughly examines the submitted code, identifying errors and assessing their severity to provide comprehensive audit advice.
Following the audit process, the results are disseminated to participating blockchain networks, including Ethereum, Polygon, BNB Chain and other platforms integrated with the De.Fi protocol. This ensures that smart contracts across multiple blockchains undergo rigorous verification, enhancing the overall security and reliability within the De.Fi ecosystem.
What Is the DEFI Token?
The DEFI token is the De.Fi platformâs native cryptocurrency. Itâs been deployed on two popular blockchains â Ethereum and BNB Chain. Key functions of the token include:
1. Product access. Holding the DEFI token grants you access to the De.Fi platformâs products, such as the Audit and Rekt databases and the smart contract scanner.
2. Reward token holders with exclusive offers. These include perks such as app discounts, exclusive access to chat with the De.Fi team and liquidity pool staking opportunities at partner DeFi protocols.
3. Enable operations on the De.Fi Chain. In order to query a smart contract code via the De.Fi Chain, you must pay in DEFI tokens. Also, you need to stake DEFI to become an indexer and create a verification node on the chain. Indexers are paid in DEFI for their verifications. Delegators can also stake DEFI to share a portion of the DEFI rewards with the indexers.
4. Governance. DEFI holders are entitled to participate in votes concerning the protocolâs future direction, developments and changes to features.
DEFI is a deflationary token, with a maximum and total supply of 1 billion. The tokenâs supply distribution shares are illustrated in the chart below.
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Source: Docs.De.Fi
Where to Buy DEFI Tokens
You can buy DEFI on Bybit as the DEFI/USDT Spot trading pair. To celebrate this listing, Bybit is holding a Token Splash event with 1,500,000 DEFI tokens up for grabs. For a chance to earn a share of the prize pool, youâll first need to register with Bybit, then trade DEFI and accumulate a Spot trading volume of at least 500 USDT. The event runs through Jan 31, 2025, 11AM UTC.
Closing Thoughts
DeFi protocols provide a great alternative to centralized financial institutions and the existing financial system. However, with more than $2.2 billion stolen from DeFi apps in 2024 alone, security concerns are becoming more prominent in the industry.
Few protocols in the past have adopted such a comprehensive approach to DeFi security as the De.Fi platform has done. Its suite of products will undoubtedly grow more relevant as the industry continues to develop, TVLs locked on DeFi protocols rise and the safety of user funds becomes increasingly essential.
The era of blindly trusting blockchainsâ built-in cryptographic security setups is coming to an end as the trader community demands more sophisticated approaches to DeFi security. Thatâs why the De.Fi protocol looks to be a great candidate to assume leadership in this niche. The more hacks we hear about, the more attention this innovative platform will receive from traders, app operators and developers alike.
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