Security issues in DeFi (Decentralized Finance) are currently considered one of the most important challenges, which also creates a number of worrying security issues such as smart contract risks, information risks individuals, asset decentralization, etc. To ensure user safety, the DeFi community needs to focus on security technology, test smart contracts carefully, and develop standards and regulations. Stronger security rules.
Hats Finance was born to help users control and optimize the use of assets in DeFi, creating a diverse and highly customizable DeFi ecosystem for users. So what is Hats Finance? Let’s find out with Weakhand.
To understand more about Hats Finance, please read the articles below:
- 5 Risks of DeFi That Users May Encounter
- What is DeFi? All About DeFi
Hats Finance Overview
What is Hats Finance?
Hats Finance provides the decentralized security infrastructure of choice for Web3 security capable of integrating with major DeFi protocols, helping to secure the assets of millions of users. Hats Finance encourages protocols, users, and hackers/security experts to collaborate towards the success of the ecosystem.
Hats Finance uses a variety of proactive distributed security mechanisms to enable the Web3 ecosystem to become more robust, secure, and scalable. Hats Finance aims to bring flexibility and safety in digital asset management, creating a diverse and highly customizable DeFi ecosystem for users. Hats Finance create a protocol that uses bug bounties to align incentives for all stakeholders.
Hats Finance also offers in-game interface testing and contests with multiple use cases. Competitions leverage the power of the crowd to identify vulnerabilities, mitigate risks, and improve the overall integrity of the Web3 ecosystem.
Highlights of Hats Finance
Hats Finance organizes decentralized auditing competitions into the codebase of Web3 projects and provide a single platform for security professionals, hackers, Skilled auditors, cyber security experts and users participate in collaborative efforts to improve the security and reliability of Blockchain projects. Naims to identify potential security vulnerabilities, loopholes or weaknesses in the code base.
Hats Finance has developed a visual audit mechanism in which audit firms can share some of the long-term risks faced by projects. From that, promote increased trust and accountability between projects and auditing firms, thereby increasing user confidence in the security of smart contracts.
Hats Finance Using an on-chain bug bounty protocol, auditors, projects, and community members contribute liquidity to incentivize responsible vulnerability disclosure and reward hackers.
Hats Finance creates tools and mechanisms to power Web3’s first truly decentralized smart bug bounty marketplace. Fully decentralized, protects anonymity, is scalable, and allows anyone to provide liquidity for bug bounties.
Hats Finance’s Development Roadmap
Update…
Core Team
Shay Zluf: Ideation & CTO
- Shay Zluf graduated with a degree in Physics from Bar-Ilan University.
- Shay Zluf has worked and held the following positions: Production Director at Sparkup Company Limited; Lead developer at HyperSpace; Core Team Memeber at La’Zooz; Core Developer at Prysmatic Labs;
- From 2021 to present, Shay Zluf works at Hats Finance as CTO.
Oliver Hörr: Director of Operations
- Oliver Hörr obtained his Bachelor of Arts – Bachelor of Interactive Media Design from Darmstadt University of Applied Sciences; Master of Business Administration, Mannheim Business School.
- Oliver Hörr has worked and held the following roles: Media Designer at VPS Media Film und Fernsehproduktion; Interaction designer at Focus4 GmbH; Designer, User Experience Analyst, Portfolio Analyst at Merck Group;
- From 2022 until now, Oliver Hörr has worked at Hats Finance as Director of Operations.
Ofir Perez: Head of Growth
- Ofir Perez graduated with a Bachelor of Economics, managing Tel-Hai Academic College; Graduated with a degree in strategic planning and advertising from the Israel Advertising Agency Academy.
- Ofir Perez has worked and held the following positions: Production Director at Deest; Sales and Marketing Director at LHB LTD; Founder at Suricata- Strategic & Digital marketing;
- From May 2021 to present, Ofir Perez has worked at Hats Finance as Head of Growth.
Inbal Czeizler: Head of Design/UX
- Inbal Czeizler graduated with a Bachelor’s degree in Industrial Design from Faculdade de Belas-Artes da Universidade de Lisboa; Graduated with a Bachelor’s degree in Industrial and Product Design from Holon Institute of Technology;
- Inbal Czeizler worked and held positions: Freelance designer at NanoScent Company Limited; Website project manager at Masks4Docs; Free UXUI;
- From February 2021 to present, Inbal Czeizler works at Hats Finance and holds the role of Head of Design/UX.
Cairo Rha: Director & Head of HR
- Cairo Rha earned a Bachelor of Performance from Western Sydney University; Bachelor of School Education University of New England (AU); Master of Arts in School of Arts Swinburne University of Technology;
- Cairo Rha has worked and held the following positions: Director of the film The Dawn Bringer at Theater of Living Light; Drama, Social Sciences and Philosophy Teacher and Korowal School Board Director; CEO, Head of RnD & Lead Instructor at Self Craft;
- In August 2021, Cairo Rha worked at Hats Finance as Director & Head of HR.
Investor
August 31, 2021: Hats Finance successfully called for $3.5M in Seed round with famous funds participating such as: Spartan Capital, IOSG Ventures, Green Field, Ellipti, DXDAO, Lemniscap, …
Tokenomics
Basic information about Hats Finance token
- Token name: Hats Finance
- Symbol: HAT
- Blockchain: Update
- Contract: Update
- Total supply: 100,000,000
Token Allocation
- Investment round: 18% equivalent to 18,000,000 HAT.
- Partnership: 7% equivalent to 7,000,000 HAT.
- Team: 25% equivalent to 25,000,000 HAT.
- Community treasury: 15% equivalent to 15,000,000 HAT.
- Liquidity mining: 35% equivalent to 35,000,000 HAT.
Token Release
- Investment rounds: The vesting period begins with the actual TGE and continues until December 15, 2024 or 12 months after the TGE
- Partnership: The vesting period begins with the actual TGE and continues until December 15, 2024 or 12 months after the TGE
- Team: The vesting period starts from the actual and continuous TGE.
- Community treasury: Unlocked.
- Liquidity mining: No lock.
Token Use Case
- Governance: HAT tokens are used to establish voting rights within governance.
- Farming: Incentivize depositing tokens into the bounty vault, increasing the size of the vault while receiving HAT Token rewards in the form of a PPM (protocol protection mining) program.
- Hats security vault: where disclosure of the Hats protocol is encouraged, will also further incentivize the locking of HAT Tokens.
HAT Token Exchange
HAT token is currently traded on UniSwap v3.
Hats Finance Project Information Channel
- Website: https://hats.finance/
- Twitter: https://twitter.com/HatsFinance
- Discord: https://discord.gg/xDphwRGyW7
- Medium: https://medium.com/@HatsFinance
- Telegram:
Summary
Hats Finance is a decentralized security network managed by a community of token holders, project teams and hackers.
Hopefully this article provides useful information about the Hats Finance project? and HAT tokens.
