Balmy to Integrate Forta Firewall to Secure its Upcoming Earn Guardian Vaults

Balmy, a decentralized banking protocol operating on Ethereum and nine other EVM compatible chains, is integrating Forta Firewall to safeguard its soon-to-be-released Earn Guardian vaults. This integration will provide Balmy’s users with an additional layer of protection, blocking potential exploits and ensuring the security of their assets.

Balmy has always prioritized security, usability, and simplicity. The new Earn Guardian vaults reflect these core values by incorporating Forta Firewall, which will block any exploit attempts on Balmy’s smart contracts. 

Balmy and Forta’s collaboration highlights Balmy’s commitment to user safety, abstracting away DeFi’s complexities and shortcomings to provide peace of mind. With Forta’s 99%+ detection rate, and fewer than 1 false positive per 100,000 transactions, Balmy can confidently protect its user’s savings.

Want to see how Forta Firewall can enhance your security? Request a demo today and explore how it can protect your smart contracts or chain.

How it works

By integrating Firewall, Balmy will require that specified transactions are accompanied by an on-chain attestation which indicates that the transaction went through automated security checks before being submitted to the blockchain. Transactions that are flagged as high risk by Forta will not receive attestations and will revert on-chain. 

For censorship-resistance, transactions flagged as high risk are not permanently blocked, but delayed, with details revealed only to the Balmy team, giving them time to respond. 

About Forta

Forta is a leading threat prevention network, leveraging advanced AI and machine learning to proactively detect and prevent threats. Spun off from Open Zeppelin in 2021, Forta has top tier backers such as a16z, Blockchain Capital, and Coinbase Ventures.

About Balmy

Balmy is a decentralized banking platform that puts users at the center. By combining cutting-edge decentralized technology with a user-centric approach, Balmy provides a secure and intuitive environment for users to explore new financial opportunities.