A code audit mandate is a compulsory requirement for software code, particularly smart contracts, to undergo a thorough security review by independent experts. This directive aims to identify vulnerabilities, logical errors, or security flaws before deployment. It serves as a critical measure for ensuring the integrity and safety of digital asset protocols.
Context
The increasing frequency of exploits and financial losses in decentralized finance has intensified calls for a robust code audit mandate across the industry. While many projects voluntarily conduct audits, a regulatory push for standardized, mandatory reviews is gaining traction. This discussion highlights the ongoing tension between decentralization ideals and the practical necessity of user protection.
The proposed intermediary classification would fundamentally re-architect DeFi, mandating KYC/AML and broker-level compliance for nearly all US-facing protocols.
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