


The Shentu Foundation is a nonprofit, research-driven organization whose mission is to give people the power to trust the blockchain.
Certik Foundation AKA Shentu Foundation
The ability to trust in any platform building on a blockchain is second to none. Therefore, security is a significant factor in the Decentralized Finance (DeFi) industry. Certik Foundation, now revamped to Shentu Foundation, was launched with the core motive of bringing confidence to the DeFi space.
The Foundation is a nonprofit, research-driven organization with a mission to give people the power to trust blockchain technology. In addition, Certik hopes to raise security standards across the space by promoting its security software.
Formerly called the Certik Chain, Shentu Chain provides developers with the safeguards and flexibility to code confidently, facilitating blockchain adoption for developers and larger enterprises.
Shentu Chain is a security-oriented blockchain that enables provable trust for all. The ecosystem consists of security products such as the ShetuShield, Shentu Security Oracle, DeepWallet, Shentu Certified Virtual Machine, and more. This security-first technology stack sets new standards in blockchain, providing stakeholders with the protection needed to transact with one another more securely and efficiently.

Security Audits
As most people are probably aware, Binance and CertiK have a partnership; both Binance and CertiK are trying to make the crypto space a more secure space. Binance values the audits that CertiK performs, so listing new coins on Binance is more secure and trustworthy after a positive audit.
As more and more people enter the crypto space and the DeFi landscape, the need for good audits becomes bigger. CertiK has already established itself as a qualified player in audits, endorsed by major companies like Binance, Coinbase, and many others.
Of course, an audit is no guarantee of security; but it significantly reduces the risk, as malicious code will be instantly recognized, saving people unnecessary losses.
CertiK also offers a QuickScan product, a new security toolset that uses automated scanning technology to check smart contracts against known vulnerabilities.
Quick scan can produce highly accurate smart contract security scores, which indicate the risk potential for hacks and code malfunctions. The quick scan will take approximately 40–60 minutes to complete its smart contract analysis. More info on QuickScan can be found HERE.
Of course, the full audits for static protection and the security oracle for Dynamic and runtime protection are still available.

CertiK has audited many great projects, the most notable ones being: PancakeSwap, Terra, Aave, and SandBox, ShibaSwap, and Polygon. These are a few projects amongst the 1500+ that CertiK has audited.
Shentu Security Oracle
Oracles are used to send off-chain data in and out of smart contracts on a blockchain. For example, the Shentu Security Oracle retrieves a set of security scores from a decentralized network of security operators dedicated to assessing the reliability of smart contract codes. These operators are rewarded in the Shentu Chain native token $CTK.
The Security Oracle combines these assessments to create real-time, on-chain aggregate scores that anyone can use to validate the smart contract’s security. The Security Oracle continuously aggregates the security assessments of a smart contract into the on-chain score.
Projects can get their code audited strongly to meet their aggressive timelines. Using a decentralized group of security operators, the suite of security primitives is constantly growing. New static analyzers and security tools can be created, and their assessments would also get incorporated into the ever-updating Security Oracle score.
The Security Oracle will build on the security auditing work of Shentu, which has secured billions worth of digital assets across the crypto space. Leading exchanges like Huobi, OKEx, and Kucoin have partnered with Shentu to audit numerous blockchain projects. Ths Security Oracles are essential in determining the reliability of Smart Contracts.
ShentuShield
ShentuShield solves the problem of malicious acts in the blockchain industry. From 2018 to 2020, stolen crypto assets have reached over $7 billion. The main issue is that most of the victims never recover their stolen funds, whether from misplaced private keys or hacking.
ShentuShield was launched by Shentu Foundation to help users under this category. With the innovative ShentuShield Pool, ShentuShield reimburses users who have lost their funds. A ShentuShield pool is a decentralized pool of $CTK used to compensate for any blockchain's stolen, lost, or inaccessible assets. Thus, lost cryptocurrencies can be repaid by members of the ShentuShield pool.
Just like Liquidity Providers in DeFi, members of the ShentuShield pool stake their $CTK tokens. However, while they would receive staking rewards, they also gain a portion of fees paid by other members who reserve a part of the pool to secure their assets.

On the other hand, members seeking to protect their assets can reserve a part of the pool to request a reimbursement if their assets get lost or stolen. However, they would pay a fee, which would go directly to members who have staked their CTK tokens. Members who seek compensation for their stolen or lost funds will first have to submit proposals, which are voted by a decentralized group of ShentuShield members.
The group approves or rejects the claims, and all submissions attract fees to save the system from false claims. In summary, ShentuShield offers a safer way to protect your crypto assets from unexpected losses.
Shentu Certified Virtual Machine (CVM)
The Shentu Certified Virtual Machine (CVM) exposes smart contracts and blockchain security information to the VM code. As such, it facilitates exceptional ways to access, check, depend on, and even dynamically establish blockchain and smart contract security.
CVM also supports advanced formal verification via mathematical proofs and establishes a hierarchy of VM code security so that different technologies can coexist and collaborate with clarity.
DeepSEA
DeepSEA is a functional programming language that allows developers to handle extremely complex code while formally verifying through the coq proof assistant. The service was initially designed to implement systems software like OS Kernels but has evolved to use the same set of features for implementing smart contracts in the blockchain ecosystem.
In simple terms, DeepSEA is a programming language that allows developers to write verified smart contracts.
On-Chain Contract Specification
Smart Contract developers can store the Application Binary Interface (ABI) on-chain, including deployed smart contracts through the Shentu Chain. This unique feature allows users to interact with smart contracts without manually copying and pasting ABIs all the time.
Deep Wallet
DeepWallet is the online wallet provider of the Shentu ecosystem. DeepWallet gives users the power to manage their portfolio securely and track rewards. The wallet is accessible through a web browser and has enhanced features that allow users to stake and earn and deploy smart contracts. Check out the DeepWallet HERE.

Built-In Smart Contract Security
Shentu Foundation offers security beyond auditing and verification. Smart contracts on the CVM can validate other smart contract’s security through cryptographic and mathematical forms for ultimate security assurance. On-chain smart contracts contain cryptographic certificates as proof of verified security.
Closing Thoughts
The Shentu Foundation has a lot going for it, providing security solutions such as audits and oracles and ShentuShield staking from within their own DeepWallet. The numerous great companies and projects that the Foundation works with help contribute to the crypto space's secure future.
An audit by CertiK brings additional value to projects as they can claim to have a more secure product because of the audit.
For users, the ability to insure their funds against theft and losses is sure to be appealing to many. In addition, the ShentuShield pool which offers reimbursement for stolen assets, is also a significant feature for users.
For more info on the Shentu Foundation, check out their (social) media pages:
Website1 | Website2 | Medium | Twitter | Telegram | Discord |
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Terraform Co-Founder Do Kwon Arrested in Montenegro After Months on the Run

Do Kwon has also been charged with fraud by US prosecutors, who issued an eight-count indictment against him for securities fraud, wire fraud, commodities fraud, and conspiracy.
Do Kwon Caught at Podgorica Airport
Do Kwon, co-founder of Terraform Labs, was arrested by Montenegro police at Podgorica airport while trying to board a flight to Dubai, according to Reuters.
During the encounter, the Montenegrin police discovered forged Costa Rican passports and a Belgian passport in their luggage. The Montenegrin police formally charged the ex-Terra CEO along with a second suspect for allegedly forging official documents before a Podgorica court.
After matching fingerprints with official records, South Korean police confirmed that Kwon was the suspect in Montenegro on Friday.
Within hours of Kwon's detention in Podgorica, the U.S. District Court in Manhattan made public an eight-count indictment against him. This includes two counts each of securities fraud, wire fraud, commodities fraud, and conspiracy.
Allegations Against Do Kwon by SEC
The recent criminal case followed last month's civil charges brought against Kwon and Terraform by the Securities and Exchange Commission.
According to SEC allegations, Do Kwon misled investors regarding TerraUSD's stability and failed to inform them that the coin's price fell below its dollar peg. The value of the token and its underlying cryptocurrency sank to near zero last May, resulting in a sell-off in cryptocurrencies such as Bitcoin, Ethereum, and Tether as a result.
Additionally, the SEC claims that Kwon and Terraform falsely claimed Chai, a Korean mobile payment app, used the Terraform blockchain to process payments.
Worth noting that South Korean authorities issued an arrest warrant for Mr. Kwon last September after determining Terraform Labs had violated capital market regulations.
South Korean officials believed he was in Serbia and sent officials to Belgrade to negotiate since there was no extradition treaty between the two countries.
A Seoul prosecutor told CNN in December that the crypto entrepreneur hid in Serbia after leaving Singapore via Dubai. Kwon was based in Singapore while running the blockchain platform Terraform Labs.
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Uniswap has posted healthy numbers during its first 10 days on BNB Chain, but its activity right now is a fraction of chain leader PancakeSwap’s.
The Beginning of the Uniswap Era on BNB Chain
Uniswap is making inroads into Decentralized Finance (DeFi) on BNB Chain, as the swap volume on the Decentralized Exchange (DEX) approaches the $50 million mark in the past week.

The weekly volume catapulted Uniswap into seventh place among all BNB Chain DEXes, which overall posted a decrease in exchange activity of more than 40% in the past week.
According to DefiLlama, the volume on Uniswap has hovered around $7 million per day since its launch on March 16.

In terms of Total Value Locked (TVL), Uniswap’s TVL of $10.5 million puts it in 13th place among BNB Chain DEXes.
The Battle of the DEXes on BNB Chain has just begun, but after 10 days Uniswap hasn’t yet registered as much more than a blip against dominant DEX PancakeSwap, posting about 3% of the PancakeSwap’s exchange volume and less than half a percent of PancakeSwap’s TVL.
So far ….
What is BNB Chain:
Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.
Find more about BNB Chain here:
Website | Twitter | Discord | Telegram | GitHub |
What is PancakeSwap:
PancakeSwap is a multichain Decentralized Exchange (DEX) built on BNB Chain and available on Ethereum and Aptos. It offers users various features such as Liquidity Pools (LPs), swapping, yield farming, Syrup Pools, an Automated Market Maker, Initial Farm Offerings (IFOs), an NFT profile system, and other tools. In addition, the protocol helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on BNB Chain.
Where to find PancakeSwap:
Website | Twitter | Medium | GitHub |
What is Uniswap:
Uniswap was launched in November 2018 and has grown to become the largest decentralized exchange in its category. It was built open-source on the Ethereum blockchain and uses the AMM model to facilitate Ethereum ERC-20 token swaps.
Much of the progress made in Ethereum-based DeFi expansion is attributable to Uniswap as it provided the market-making utility for Web3 apps to function in a decentralized environment. The platform consistently records daily trade volumes of over half a billion dollars and has a total volume locked (TVL) of more than $3 billion. The platform has traded over $1 trillion since it launched via over 129 million transactions.
Where to find Uniswap:
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Pi Chain Mall Withdrawal Function Gains Traction, Records Huge Milestone

Pi Chain Mall's withdrawal function has gained huge adoption in the industry, recording over 360K Pi withdrawals since the relaunch.
Top Product on Pi Network
Since Pi Chain Mall (PCM) reopened the withdrawal function on March 1, numerous users have shown interest in utilizing the feature to withdraw their Pi coins. The top Pi Network product recorded a new milestone on March 25.
PCM’s withdrawal function was established to ensure sellers withdraw their real Pi holdings from its large e-commerce marketplace. According to the PCM official Twitter page, over 316,000 Pi coins have been withdrawn by users.
The PCM marketplace is the largest on Pi Network. The protocol allows merchants to place items for sale and receive Pi payments. Through the function, numerous merchants have been able to withdraw profit gained from the platform through sales.
Pioneers can join the PCM mainnet platform by visiting (pipcm.com) on the Pi Browser application and start trading products with Pi coins.
What is Pi Network:
Pi Network is a novel cryptocurrency and developer platform allowing mobile users to mine Pi coins without draining the battery. Pi’s blockchain secures economic transactions via a mobile meritocracy system and a full Web 3.0 experience where community developers can build decentralized applications (Dapps) for millions of users.
Where to find Pi Network:
Website | Twitter | LinkedIn | Facebook | Instagram |
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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BNB Chain's Zero2Hero Hackathon is receiving support from AWS, Google Cloud, and Tencent Cloud, as well as several Web3 partners, for an upcoming blockchain hackathon where participants will compete for cash prizes and a chance to join the incubator program.
Major Tech & Web3 Support
BNB Chain has announced the Zero2Hero Hackathon, the second phase of its six-month online Bootcamp-Hackathon-Incubator program.
The hackathon will take place from April 17th to May 14th, and has garnered support from Amazon Web Services (AWS), Google Cloud, and Tencent Cloud as key strategic technology partners. The event aims to bring together blockchain professionals and developers from around the world to collaborate on projects and solutions that will help advance the blockchain industry.
We spoke to the team to understand more about the exciting development:
“As part of the 6-month Builder Series, the Zero2Hero Hackathon is an exciting opportunity for developers to showcase their skills and compete with the best in the industry. With the support of our strategic technology partners, including AWS, Google Cloud and Tencent Cloud, as well as our Web3 partners such as Chainlink Labs and Axelar, we are excited to bring together a community of talented developers and innovative projects,” said Zoe Wei, Head of Developer Relations at BNB Chain.
BNB Chain has also partnered with several leading Web3 companies for this hackathon, including Chainlink Labs, Axelar, Nodereal, Polyhedra, Hacken, RSS3, and Port3. The hackathon will feature seven tracks, including DeFi, Infra & Scalability, SocialFi, Cross-chain, NFT, Gamify & Metaverse, Greenfield and Innovation. Participants will compete for cash prizes of $15k for 1st place, $6k for 2nd place, and $4k for 3rd place in each track.

During the hackathon, nearly 20 technical workshops will be provided where hackers can learn the latest technologies. Free access to multiple dev resources such as cloud and node services will be available, and the calendar of the tech teams of partners will be open for hackers to book office hours. The judging criteria will lean towards full MVPs projects, although a clean and creative implementation of the feature serving as an excellent example of feature usage is also acceptable.
The 6-Month Builder Series, focused on accelerating Web3 development, commenced its initial phase in February with a Bootcamp featuring sessions in multiple languages. The series will be held in partnership with the Blockchain Center, established by Astana Hub, the largest technopark in Central Asia, and the Payment and Financial Technologies Development Center of the National Bank of Kazakhstan. Other partners included the Blockchain Academy Group, a Hong Kong government-backed program, and Encode Club, a leader in Solidity training.
What is BNB Chain:
Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.
Find more about BNB Chain here:
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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A recap of notable news from the week.
Recapping the Week in DeFi
Cryptocurrency never sleeps, and neither does crypto news and content. Because of this constant stream of information, it’s difficult for investors to keep track of the most notable news. In this weekly recap, BSC News shares some of the most exciting stories and breaking news events of the week to help you stay up-to-date on all things DeFi.
Arbitrum Airdrop: Which DAOs Received the Most $ARB?

The Arbitrum airdrop was arguably one of the most notable DeFi events from the past week. Projects with a DAO and community treasury also received the airdrops, with the exception of The Protocol Guild. A number of factors were considered for eligibility, including deployment date, transaction volume, and more.
Get all the details in this article.
MetaMask Institutional Unveils New Portfolio Dashboard, ETH Staking Marketplace

MetaMask Institutional launched an advanced version of its Web3 portfolio dashboard for institutional investors featuring cutting-edge tools, including an ETH staking marketplace.
Find more information here.
Core DAO’s Core Bridge Goes Live, Confirms Huobi as Validator

Core DAO has finally launched its highly anticipated Core bridge, paving way for the growth of the Core ecosystem in the decentralized finance (DeFi) world. Powered by LayerZero, the bridge allows users to seamlessly transfer assets between the Core chain and other leading networks. Core DAO has also confirmed Huobi as a validator.
Find more details in this article.
Celer Unveils Brevis: ‘A ZK Ominchain Data Attestation Platform’

Going deep into ZK: Celer Network has launched Brevis, a “Zero-Knowledge (ZK) omnichain data attestation platform” enabling smart contracts to access and compute data from any blockchain.
Learn more about Celer’s ZK solution in this article.
Polygon, Immutable Partner to Build Dedicated Gaming ZK EVM Blockchain

Polygon Labs and Immutable have collaborated to build “Immutable zkEVM”, a zero-knowledge rollup dedicated to gaming. The new solution will have enforceable royalty fees for game developers.
Get all the details here.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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