Struct and Zokyo Finance Strengthen Their Alliance with a Focus on Security
Struct’s strategic alliance with Zokyo is bolstering the security of decentralized finance (DeFi) applications through comprehensive smart contract security audits. The partnership began with Zokyo investing in Struct’s DeFi protocol in early 2022, and since then, Struct has developed tools that allow for seamless customization, composition, and investment in decentralized structured products.
In recent weeks, Struct has leveraged Zokyo’s extensive security expertise to scale its operation securely. Smart contract audits are critical for DeFi as they help to ensure the security and reliability of the underlying code that powers decentralized applications. The safety of users’ investments is paramount for institutional adoption, and smart contract audits help identify vulnerabilities and potential exploits in the code before malicious actors can exploit them, preventing any potential loss of funds.
Moreover, the audits help improve transparency and trust in DeFi applications, which is critical for the growth and stability of the DeFi ecosystem. Institutions need a secure and reliable platform to invest in, and robust security measures are a prerequisite for institutional investors to feel confident in allocating capital to DeFi.
“Partnering with Struct Finance is the cornerstone of our mission to bring secure and reliable solutions to the DeFi world,” said Andrew Rowlstone, CBDO at Zokyo. “Together, we are fortifying user investments through comprehensive smart contract security audits and contributing towards the growth and stability of the DeFi ecosystem.”
The DeFi forecast for 2023 looks promising, with continued growth and expansion in the following areas:
- Adoption: Increased adoption by both retail and institutional investors is expected to drive the growth of DeFi in 2023.
- Innovation: The DeFi space is forecasted to continue innovating and introduce new financial products and services to expand the ecosystem.
- Regulation: The regulatory landscape for DeFi is likely to evolve, which could lead to greater clarity and stability in the industry.
- Interoperability: Interoperability between different DeFi protocols is expected to improve, leading to greater efficiency and functionality in the ecosystem.
- Integration with traditional finance: The integration of DeFi with traditional finance is expected to increase, leading to greater accessibility and mainstream acceptance.
According to Team Struct, “Struct Finance is committed to providing users with customizable yield options in a low yield environment through our fixed and variable yield products. We understand that security is imperative for institutional adoption, which is why we are thrilled to be working with Zokyo to enhance the security of our DeFi protocol through smart contract security audits. Our partnership ensures that we can provide our users with a secure and reliable platform to invest in, which is essential for the growth and expansion of the DeFi ecosystem. We look forward to continuing our collaboration with Zokyo and contributing to the evolution of the DeFi sector in 2023 and beyond.”
In conclusion, the partnership between Zokyo and Struct Finance highlights the importance of security in DeFi and the role it plays in attracting institutional investment. As the DeFi sector continues to evolve, the security of decentralized applications will become increasingly important for institutions, and partnerships such as these will be instrumental in securing and scaling the DeFi ecosystem.
About Struct Finance
Struct Finance further expands the spectrum of on-chain structured products by offering users a way to customize interest rate instruments and compose them with options available in the ecosystem to construct superior financial products.
The platform offers a number of investment choices, enabling varying protection levels, abstracts risk management and complex pricing away from its users while providing highly competitive yields on various digital assets.
Zokyo (“augment” in Japanese) secures, builds, and invests in legendary crypto/web3 projects. We keep pace with your in-house development team and provide blockchain security, design, and development talent to startups and enterprise organizations as needed.
As a go-to crypto/web3 security, development, and investment partner working with some of the most progressive companies since 2019, we are highly experienced in tackling some of the most challenging problems with an entrepreneurial spirit.
With immediate access to in-demand skills ranging from security auditing, cryptography, white-hat hacking, mathematical specifications of network design, UI/UX design, QA, and full-stack engineering, we help legendary companies accelerate time to market and achieve their goals on time and on budget.
Our clients demand and deserve best-in-class security and engineering support. As such, we at Zokyo are committed, passionate, and proud to build a more secure crypto/web3 future.