Flexa using Forta for operational monitoring

Article by Forta Network May. 18, 2022

Forta is excited to announce Flexa is using Forta to monitor system-critical operations. 

Flexa’s mission is to make payments more efficient and accessible for people all over the world. The Flexa Network is the fastest, most fraud-proof payments network in the world, and the Flexa team is developing technology to make any asset spendable in any app at any store. 

Flexa’s use of Forta today focuses on the capacity contract. The capacity contract collateralizes and allows for immediate payment finality for Flexa’s digital payments network. Forta bots monitor for large deposits and withdrawals, when the contract publishes its withdrawal root, and when the Collateral Manager enters a fallback state.

Flexa’s capacity contract alerts are public. You can find and subscribe to Flexa’s alerts and more using the Forta App.  

All of these bots together give the DeFi community the ability to monitor the Flexa collateral pools and will alert the community to pertinent information related to staking activities,” a Flexa spokesperson said. 

Flexa leveraged a developer team in the Forta community, Nethermind, for bot development. 


About Forta

Incubated by OpenZeppelin, Forta is the first decentralized network delivering real-time intelligence on the security and health of Web3 core infrastructure and dApps. Protocols, DAOs, investors and individuals can use Forta to receive real time insights on security, financial, operational and governance related events on L1s, L2s and sidechains. 

Learn more about Forta by visiting forta.org or reading the documentation at docs.forta.network

About Flexa

Flexa’s mission is to make payments more efficient and accessible for people all over the world. The Flexa Network is the fastest, most fraud-proof payments network in the world, and the Flexa team is developing technology to make any asset spendable in any app at any store. 

Learn more about Flexa by visiting https://flexa.network

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