Proposal: Integrate Frax Exchange with CertiK MemeSafety API for Enhanced Token Security Intellegience

Feature Requests
1
  • Author: Karina Guo, Product Manager at CertiK
  • Summary:

We propose the integration of CertiK’s MemeSafety API with Frax to enhance token security for Solana and EVM memecoins for Frax users. This integration will provide real-time token security assessments, increasing trust and reliability within the Frax ecosystem.
A showcase of the API‘s capability：CertiK SkyKnight

  • MemeSafety API Overview:
  1. Comprehensive Checks: 40 checkpoints for Solana and EVM memecoins, including code verification and on-chain emulation analyzer.
  2. Timely Updates: Security status updates within 20 seconds.
  3. No Data Fee: CertiK will not charge for standard API usage to encourage this strategic partnership.

Proposal Details:

  1. Benefits:
    Enhanced Security: Protect the Frax community from rug pulls and scams.
    User Trust: Increase confidence with high security standards.
    Strategic Advantage: Position Frax as a leader in DeFi security.
  2. Implementation:
    Discussion:** Minimum 8-day period.
    Voting:** Snapshot vote with a 10% quorum of circulating FXS.
    Integration:** CertiK to collaborate with Frax developers.

Call to Action:

Discuss and vote on this proposal to integrate CertiK’s MemeSafety API, enhancing the security and trustworthiness of the Frax protocol.

Contact: For details, contact me via Telegram @karina_certik or email jiajia.guo@certik.com.