SCAS Launches Liquidity Provider Program Backing Partner Investment Products
BTC
This is an initiative meant to provide non-dilutive liquidity to blockchain security partners by investing in their financial products and structured investment vehicles
SCAS today announces the launch of its Liquidity Provider Program, a new initiative aimed at providing capital for the investment products of partners that have undergone security checks and validation.
With this program, SCAS is not providing liquidity to the company but instead investing in company-owned financial products.
SCAS Liquidity Provider Program will connect security audit and financial commitment. Protocols that meet the standards of the program can receive liquidity support of up to $100,000 which will be deployed into their fleet of investment products.
Speaking about the launch, a spokesperson of SCAS had this to say, “The idea is simple. We believe that it isn’t enough to say that a system looks secure. If we are confident, then we should be able to stand by our word and participate in it. Hence, placing capital into the same structures that we review will show how confident we are in them.”
This launch comes at a time when market conditions have now placed pressure on trust within the DeFi sector. Risk is now less predictive and there is a growing demand for stronger accountability. SCAS is addressing the issue of trust and accountability by going beyond the provision of assessment but actively participating.
The program’s main focus is to assist early-stage teams who are preparing to get started or expand. For a project to qualify, it has to have had some funding and should understand security as a priority rather than an afterthought.
SCAS does not plan on taking equity positions but intends to support different types of systems depending on the project type by allocating liquidity into the financial structures by its security partners such as pools, vaults, and trading systems.
Joining the program would require that projects present proof of funding, complete a smart contract audit, and go through the SCAS operational security review. SCAS is going to support teams as they go through this process from finding audit providers to improving their overall setup.
The main idea behind the program is clear. Instead of just reviewing projects and stepping away, SCAS stays involved by putting money into the same systems it evaluates.
Applications are now open and potential projects can visitwww.scauditstudio.com to apply and learn more.
About SCAS
SC Audit Studio specializes in protocol security assessments. The company has got a team of experts dedicated to ensuring the safety and reliability of blockchain projects. SCAS partners with projects to enhance their cyber security protocol and provide peace of mind to clients.
For queries and security assessments, visit www.scauditstudio.com/contact.
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The information presented in this article is for informational purposes only and should not be interpreted as investment advice. The cryptocurrency market is highly volatile and may involve significant risks. We recommend conducting your own analysis.
