The concept of DeFi changes the crypto ecosystem and transforms it from just digital currency to financial services. The industry exploded when the total value locked in DeFi rose to almost $190 billion in 2021. This massive amount of growth is attracting hundreds of ventures and industries that are coming up with top-notch decentralized solutions such as lending, borrowing, trading, and farming. Because of the immense amount of money flowing into the market, problems like security breaches and auditing emerge, boosting demand for security tools and services like De.Fi Scanner to safeguard against breaches and exploitation.

Before starting, do not confuse De.Fi with the DeFi term.

What is De.Fi?

De.Fi is a cross-chain decentralized security tool that offers a fully automated smart contract scanner and crypto management dashboard. It tackles issues developers and users face by providing a manual-free and complete smart contract audit. This alerts the project to solve their security problems and warns users about potential risks. De.Fi Scanner decentralized all data it provided, including smart contract scanner results, the SCW registry, the reckt database, and historical Defi data.

De.Fi Backgrounds

Cofounded by Michael Rosmer in 2020, De.Fi is a Dubai-based protocol. It completed two funding rounds in 2012 and 2022 and raised over $13 million from 11 investors. Including SHIMA Capital, Huobi Venture, DeFinance Capital, HOF Capital, and FENBUSHI Capital. And some angel investors, Justin Lee, John Izaguirre, Dean Thomas, and Mounir Benchemled.

De.Fi Scanner Dashboard

Dashboard is a cross-chain management tool with a vast number of features. It allows users to track down their investment, including profit, losses, and farming rewards, with an inbuilt protective alert system.

Address Book

Address books allow users to manage multiple wallets in a single place by integrating with De.Fi Scanner. There are two types of wallets that users can add. First, users can directly connect a wallet to manage their own assets, and second, add a wallet address; it can be any address that users want to track down for security purposes. Some popular supporting wallets include MetaMask, Trust Wallet, Exodus, and WalletConnect, as well as some centralized exchanges.

Wallet Balances

Here, users can see what tokens they hold, including their prices, quantities, and USD values. For tokens not automatically displayed, users can manually add them by inputting the token’s network and address, ensuring comprehensive portfolio tracking.

Deposit Balances

Any deposited liquidity or staked funds can be seen here. De.Fi’s deposit page offers detailed insights into staked assets and liquidity deposits across supported dApps and native staking platforms, such as ETH on Ethereum or AVAX on Avalanche. Users can also track outstanding staking rewards and can claim those rewards directly on the dashboard in the future.

Lending

The lending page provides detailed insights into tokens users lent or borrowed, showing corresponding APRs and any outstanding incentive rewards across supported platforms. It simplifies tracking and managing lending activities within DeFi. It quickly shows how much users have provided as collateral and borrowed from the market.

NFTs Page

It works as an NFT portfolio and allows users to see all required details. By connecting their wallets, users can get details of any NFTs in one place, calculate the net worth of holding NFTs based on floor prices, share NFTs with others, and more.

Explore Yields

This page is for liquidity providers looking for the best market pool to deposit. It lists every market pool available so users can filter them as they want.

De.Fi’s Transaction Tools

De.Fi’s transaction tools are designed to simplify and enhance the management of user transactions across multiple blockchains. These tools include send and swap.

De.Fi Send

The De.Fi Send feature provides a straightforward way to transfer crypto assets and NFTs between wallets. Integrated security checks ensure users avoid common pitfalls like interacting with malicious addresses or sending tokens to unsupported networks.

De.Fi Swap

The De.Fi Swap tool allows users to exchange tokens directly within the platform without needing to navigate external dApps. With support for numerous blockchains and tokens.

De.Fi’s Security Toolkits

De.Fi provides two security toolkits, and both have different purposes. The first is De.Fi Scanner, and the second is De.Fi Shield.

De.Fi Scanner

De.Fi’s smart contract scanner evaluates contracts across 10+ blockchains, providing detailed analysis to examine their safety for interaction. This ensures users can identify potential risks in decentralized applications without third-party misleading audits. The scanner feature includes:

• Expansive vulnerability coverage: The scanner provides extensive vulnerability coverage, including advanced threats such as reentrancy attacks, unchecked transfers, and recent exploits. It also checks ERC standards, control flows, and privileged function setups.
• Informative security score: Scanner generates a simple security score to quickly infer the riskiness of any given contract.
• Fast Scanning: Offering faster and broader coverage than many traditional audits. It helps users quickly assess contract safety with high accuracy.
• Detailed Findings: Users can see the security score and details of any smart contract that can affect the fund control. It highlights potential issues, explains their implications, and provides examples where relevant, such as mintable tokens, pausable tokens, dumping risk, and potential honeypots.
• Extra Token Details: For popular tokens, the scanner provides additional insights such as token holder distribution and liquidity data, providing a deeper understanding of the token’s ecosystem and market health.

De.Fi Shield

The main purpose of Shield is to safeguard users wallets by systematically scanning the smart contracts they have connected with, such as approval and holding. The shield includes several checks:

• Approval Checks: It highlights potential risks after granting approval and alerts users to what to do.
• ERC-20 Token Risks: It analyzes tokens in users wallets to identify high-risk tokens, providing explanations for their vulnerabilities. This feature helps users manage and mitigate potential threats to their portfolios by telling them to swap the high-risk tokens.
• NFT Safety: Just like ERC-20 tokens, it also works for NFTs (ERC-721 or ERC-1155 contracts) and notifies vulnerabilities and solutions.
• Advanced Mode: It shows users most critical risk to lowest risk. For more detailed insights, users can enable Advanced Mode to explore varying levels of identified issues, allowing a deeper dive into wallet safety.

De.Fi Products

De.Fi SocialFi

SocialFi keeps users engaged on De.Fi and encourages users to use its products for XP points by doing tasks. These XP points can be used in loyalty programs for special benefits such as exchange coupons, partner discounts, and exclusive access. Positioned as the largest Web3 SuperApp, De.Fi envisions developing an independent and closed 3-layer ecosystem that integrates essential B2B and B2C tools and services for businesses, retailers, and Web3 projects.

De.Fi GPT

De.Fi GPT is available for DEFI token holders. By leveraging artificial intelligence, it provides deeper insight, forecasts, and analytics data for better financial decision-making. The information depends on machine learning based on various factors with users preferences, such as:

• User’s risk appetite, assessed by the TVL and APR of previously engaged pools.
• User’s risk tolerance and preferences set within the De.Fi GPT UI.
• User’s net worth by chain.
• User’s historical PnL.
• Security status of each LP/Vault (analyzed by our De.Fi antivirus).
• Historical performance of LPs/Vaults in De.Fi’s database, indicating the sustainability of APR and TVL.

De.Fi SDK

SDK is for developers who want to use Reckt and audit databases through APIs. To do so, developers need to register and buy tokens for authorization. With SDK, developers will get the project name, chain name, auditor name, security score, and analysis report.

De.Fi Accelerator

The De.Fi Accelerator is a launchpad designed to connect web3 projects with retail investors. It helps early-stage DeFi and Web3 to launch their projects and attract funding. The launchpad let participants stake their DEFI tokens to earn rewards, unlock access to innovative projects, and participate in exclusive investment opportunities​. To participate in early projects, users need to stake DEFI tokens to accumulate points; these points determine their rank within the De.Fi Accelerator ecosystem. The higher the user’s rank, the greater the benefits unlocked. Points are determined by both the amount of DEFI token staked and the duration of staking lock. The earned points from staking give users access to the exclusive early investment opportunity.

What is the DEFI token?

DEFI is a utility token of the De.Fi ecosystem that is present on various blockchains. Tokens serve many purposes, including governance power. The users can also earn DEFI tokens by contributing to the code database or by providing liquidity. As of now, the DEFI token provides the following utility to its holders:

• Product Access: DEFI holders have full access to any of De.Fi’s products, such as the audit database, Rekt database, approvals page, and smart contract scanner.
• App Discounts: DEFI holders have discounts when utilizing any De.Fi services, such as multi-harvesting services.
• Exclusive Chat Access: DEFI holders have access to some of the internal channels, where most committed community members can chat with the team at a more intimate level.
• Partner Benefits: The DEFI token can be used at any of the partners’ liquidity pools or otherwise any other related DEFI token staking options available.
• De.Fi Chain Contract Queries: In order to request smart contract data from the De.Fi Chain, one must spend some DEFI for each query.
• Becoming an Indexer: In order to become an indexer in the De.Fi Chain, one must stake DEFI for a certain length of time.

The total supply of DEFI tokens is one billion, while the circulating supply is 30.06 million DEFI. Token distribution is as follows:

De.Fi Roadmap

The roadmap outlines a strategic vision to expand security tools, enhance user experiences, and establish the platform as the ultimate Web3 SuperApp. The De.Fi has already completed major roadmaps, and in 2025 they are planning to upgrade existing tools.

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De.Fi roadmap for 2025

Conclusion

Tools like De.Fi Scanner can be helpful in security in decentralized finance that can automate the auditing process and provide insights into smart contract vulnerabilities. By analyzing contracts across multiple blockchains within seconds, the scanner eliminates the time-consuming and manual error problem.