OpenZeppelin Attributes DeFi Vulnerability to AI Advancements. Manuel Aráoz from OpenZeppelin called "the entire DeFi sector" unsafe. Manuel Aráoz, co-founder of the cybersecurity firm OpenZeppelin, has deemed "the entire DeFi sector" unsafe. According to him, the rapid development of AI agents has created a critical asymmetry between defenders and attackers. Aráoz mentioned that he personally advised friends and family to close all positions in DeFi protocols. This warning applies even to well-established platforms like Aave, MakerDAO, and Compound. The expert explained his stance by noting that modern neural networks already surpass humans in finding code vulnerabilities. In such a scenario, smart contract security becomes a losing battle: developers must fix every single bug, while a malicious actor using AI needs only to find one. The statement comes amid growing concerns about the use of artificial intelligence in Web3. In March, OpenZeppelin introduced OpenZeppelin Skills, a tool for training AI agents to work safely with smart contracts. At the time, the company warned of the risks of incorrect toolchain configuration and errors complicating code auditing and verification. Increasing risks have also impacted market metrics. The total value locked in the DeFi sector has decreased by 14% since mid-April, from $172 billion to $148 billion. Earlier in May, Anthropic published the first report on Project Glasswing, a program for finding vulnerabilities using the Claude Mythos model. Нашли ошибку в тексте? Выделите ее и нажмите CTRL+ENTER

Zama, an open-source cryptography company pioneering Fully Homomorphic Encryption (FHE), is teaming up with OpenZeppelin to use confidential smart contracts for production.

Zama partners with OpenZeppelin to bring confidential smart contracts to defi and digital assets. The Zama Team At Zama, its mission is clear: to become the confidentiality layer of blockchains. Zama Confidential Blockchain Protocol believe this is the last mile before mass adoption of blockchain as the backbone of global payments, finance, and government. Without privacy, institutions cannot - and will not - migrate their most critical operations onchain. Today, Zama Confidential Blockchain Protocol is taking a decisive step toward that future, and it involves its new partners at OpenZeppelin. Announcing its partnership with OpenZeppelin. Zama is partnering with OpenZeppelin, the most trusted provider of open source standards for building secure blockchain applications, to bring production-ready confidential smart contracts to Web3 using Fully Homomorphic Encryption (FHE). If Zama Confidential Blockchain Protocol want financial institutions - large and small - to use Zama as the confidentiality backbone for all their services, Zama Confidential Blockchain Protocol need to deliver a secure, reliable, and scalable mainnet that meets their stringent requirements. There's no better partner for this mission than OpenZeppelin, whose audited smart contract libraries and tools have become the gold standard for Ethereum and other blockchain platforms, securing over $27 trillion in total value transferred. Rand Hindi, CEO at Zama said: "Blockchain has proven its value for moving money and enabling programmable finance. The next frontier is the digitization of public infrastructure, from identity systems to land registries. But none of these applications can reach their full potential without confidentiality. Financial institutions need transaction confidentiality. Citizens need data protection. Enterprises need competitive confidentiality. At Zama, we're developing the cryptographic infrastructure to enable fully confidential smart contracts while preserving the inherent benefits of public blockchains: decentralization, composability and verifiability. Our partnership with OpenZeppelin, whose smart contract standards secure 218 billions in digital assets, enables us to build confidential primitives with the security and auditability that institutions demand. Together, we're creating the confidential computing layer that will unlock blockchain's next chapter." What Zama Confidential Blockchain Protocol is building together. Confidential contracts library. OpenZeppelin is developing an open-source Confidential Token standard interface, similar to the ERC20 but with encrypted balances and transaction values. OpenZeppelin has also developed the first implementation of that interface, using Zama's FHEVM. The implementation contains contracts and utilities that use the FHEVM coprocessor, leveraging FHE's main feature - secure computation directly on encrypted data - the FHEVM enables confidential smart contracts on EVM-compatible blockchains. The Github repository is already public; check it out here. Jonathan Alexander, CTO at OpenZeppelin said "Our partnership with Zama and the creation of the Confidential Token Association mark a pivotal step in bringing encrypted smart contracts into production. Together, we're defining a new open source standard - confidential tokens - that offers the simplicity and interoperability of ERC20, but with encrypted balances and private execution by default. This is the foundation institutions need to build securely onchain." Confidential smart contract primitives. * Encrypted tokens * Sealed-bid auctions * Confidential vesting * Private governance * Tokenized RWA Developer tools & infrastructure. * Integration with a customized version of OpenZeppelin's Contracts Wizard for FHE * A new Privacy Relayer to enable seamless encrypted transaction execution * All components built specifically for encrypted compute; designed for confidentiality, security, and usability from day one Setting the standard for confidential tokens. Zama, Openzeppelin and Inco Network, also teamed to form the Confidential Token Association, to develop the Confidential Token Standard: an interface for empowering token standards such as ERC20 with confidentiality. This isn't just about adding privacy features; it's about making privacy the default. The path to institutional adoption. This partnership unlocks the next generation of institutional adoption and onchain applications. When privacy becomes as simple as deploying a standard smart contract, Zama Confidential Blockchain Protocol remove the last barrier preventing traditional finance from embracing blockchain technology. All contracts will be open source, audited, and ready for production use. Because when it comes to the future of finance, privacy isn't optional; it's essential. Ready to build with confidential smart contracts? Explore the repository and join Zama Confidential Blockchain Protocol in making confidentiality the default for Web3.