Solidity Fridays | Olympix

In this episode, Tamara and Rebecka were joined by the Olympix team in a super cool episode showing how they improve smart contract security in ground breaking speed.

Olympix is the first ever enterprise-grade, developer-first proactive security tool for smart contracts.

Prior to Olympix, the only pre-deployment option for smart contract security was reactive - independent external audits performed once a smart contract has already been coded (or, for organizations with enough budget, many audits). But those audits are not foolproof - over 90% of hacked smart contracts had been audited at least once (in Euler's case, $197 million was drained from a contract that was audited 10 times by 6 firms - and Olympix would have prevented this exploit).

Olympix gives developers the tools to proactively find and solve vulnerabilities as they code. Organizations that use Olympix are seeing increased productivity on dev teams as teams spend less time preparing for audits/writing tests and as their security skills and knowledge improve through the non-invasive micro-trainings provided by the tool. Beyond productivity, organizations are then seeing a reduction in audit findings, which means a reduction in audit costs over time, and even seeing the tool find vulnerabilities that auditors miss - giving them the power to provide greater security assurance in-house.

To share some examples, over Q3, 2024, as covered in their newsletter https://olympix.substack.com/, over $60M in exploits (in audited contracts) could have been prevented had the teams used Olympix' tools.

Download Olympix's free static analyzer here https://marketplace.visualstudio.com/... and to learn more about Olympix for enterprise, visit https://www.olympix.ai/.

Mention you learned about Olympix on Solidity Fridays for 10% off any of their tools!