The Importance Of a Routine Smart Contract Audit In Blockchain Security

“Smart contract auditing is essential for platform like UBET Sports operating in the decentralized finance (DeFi) space. These audits identify and mitigate security vulnerabilities that could be exploited by malicious actors, safeguarding user assets and maintaining the platform's integrity. Regular audits also build trust and confidence among users, reassuring them that the platform has been rigorously tested and verified by independent experts.”

“Recently, UBET Sports underwent three comprehensive smart contract audits, demonstrating its commitment to security and reliability. The first audit coincided with the launch of UBET Sports' decentralized exchange (DEX) for sports betting, establishing a secure foundation. Subsequent audits focused on enhancing the Automated Market Maker (AMM) to improve slippage, optimizing gas fees, improving push settlements, and structuring revenue-sharing mechanisms for liquidity provision, ”he added.

“Building an on-chain product presents challenges, such as the need for audits before each release, preventing continuous integration and deployment. Despite these challenges and the high costs associated with multiple audits, we prioritized security to protect its users. With two more smart contract updates planned this year, we continue to make steady progress in the SportiFi space, merging sports and DeFi”