BNB Chain has created a security-focused DAO to protect users against scams and detect real-time exploits.
BNB Chain, the native blockchain of Binance, has launched AvengerDAO, a new community-driven security initiative to help protect users against scams, malicious actors and possible exploits. has been developed in association with leading security firms and popular crypto projects such as Certik, TrustWallet, PancakeSwap and Opera, to name a few.
When a user on the BNB Chain interacts with any applications or counterparties, AvengerDAO adds an additional layer of security. The Meter API system fetches security ratings on smart contracts, domains, and addresses and alerts users in case of a security vulnerability. The Watch system alerts users in real-time about ongoing exploits, while the Vault acts as an escrow where the funds a only released once certain pre-set conditions are met.
"We think that when additional professional security audit firms join the DAO as members, we will collectively get a deeper understanding of the security landscape, and work on enhancing it."released
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