Smart Contracts Auditing Services, cybersecurity solutions for blockchain & crypto products

Published on January 25, 2022

Can you tell us about your company/project?

Preetam Rao: CEO -
QuillAudits is a secure smart-contracts audit platform with the main purpose of providing security to DeFi & NFT protocols. We are on a mission to make Web3 a safer place using our smart contracts audit ,NFT due Diligence , deFI due Diligence and dapps VAPT expertise.

Can you tell us about the team behind this?

Preetam Rao: CEO -
We started quillAudits in 2018 to make web3 a safer place. Preetam Rao and Rajat Gahlot is cofounder of QuillAudits. We are a team of dedicated blockchain security experts and developers who are determined to ensure that DeFi, NFT, and Smart Contract-based projects can avail the latest and best security solutions to operate in a trustworthy and risk-free ecosystem.

Could you tell us the idea/inspiration behind the birth of your project?

Preetam Rao: CEO -
The Total Value Locked in DeFi was gaining momentum, and along with that, the hacks and scams associated with DeFi protocols have also raised. It was at this time that security of these emerging DeFi protocols struck a chord, and thus we took up the commitment to secure the Web3 Ecosystem through our platform.

What is it that your project is trying to simplify/solve in this space & how??

Preetam Rao: CEO -
QuillAudits can help your smart contract be free from bugs and critical vulnerabilities through manual review of the code by a team of experts and automated testing using our specialized in-house developed tools. Not just smart contract vulnerabilities, but malicious activities such as Rug Pulls & frauds related to NFT transactions are a threat to users & investors alike. Therefore, we also provide Due Diligence services to various stakeholders in this segment to secure their funds.

What has been the biggest challenge for you so far & how have you overcome it?

Preetam Rao: CEO -
When we have started in the DeFi space, there were some critical vulnerabilities that were unknown (or) yet to be encountered, unlike now. But we were successful in tackling those barriers due to our commitment, teamwork, and diligence for all the DeFi & NFT protocols that we have audited so far.

What has been the biggest milestone you have achieved so far?

Preetam Rao: CEO -
Through QuillAudits, We have enabled more than 400 projects to achieve:
- Secure smart contracts with detailed Audit Reports on how to fix critical issues.
- Performance improvements and gas fee reduction for the project.
- Consultation on how to develop a secure and efficient web3 product 2021 has been a fantastic year for us; here are some of the underlined milestones that we have achieved
- Secured 400+ DeFi/NFT projects across Web3.0 vertical & Saved billions of Dollars.
- Discovered 1000s of potential Vulnerabilities.
- Partnered with top-notch VC Funds to ensure the security of budding projects in the #Web3.0 domain.
- Got recognized as a whitelisted audit partner by various big IDOs.

What's the immediate goal plan for the next 6 months of your project & how do you plan on getting there?

Preetam Rao: CEO -
Hackers have discovered multiple other loopholes fraudsters to exploit the crypto ecosystem. Recently, hacks associated with Discord servers, and million-dollar Rug Pulls caught the eyeballs of the industry experts. Thus, for the coming six months, our primary focus would be to provide remarkable due diligence services to DeFi and NFT protocols. Also, we are working on our in house tools for smart contracts Management (QuillPlay), online auditing (QuillRelay), and monitoring of smart contracts (QuillMonitor)

Where do you see the project in the next 5 years?

Preetam Rao: CEO -
As I have already mentioned the dynamic nature of crypto ecosystem, and thus, the challenges and opportunities associated with this will also vary. But irrespective of the barriers and challenges we will come across, the project will stand atop when it comes to securing the crypto ecosystem. Our mission is to make web3 a safer place for next 1 billion+.