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Forta network adds token staking to boost blockchain security monitoring

Quick Take

  • Security protocol Forta released delegated staking of its native ERC-20 token, FORT.
  • The move allows any FORT holder to delegate their stake to node operators on the threat monitoring network and earn rewards.

Security protocol Forta launched delegated staking of its native ERC-20 token forta (FORT) to incentivize more participants to contribute to its threat monitoring services.

The move allows any FORT holder to delegate their stake to node operators on the threat monitoring network and earn rewards. Previously, only node operators could earn rewards for staking their FORT tokens, which they were required to put up as collateral to run the node.

This change is aimed at strengthening the incentives of Forta Network's monitoring network, which is used to automatically detect vulnerabilities in smart contracts. Forta has an automation network leveraging data analytics models to look for vulnerabilities across thousands of smart contracts.

The network provides real-time detection services and security monitoring across multiple blockchains, including DeFi and NFT-based apps. Forta is community-run and supervises over $36 billion of total value locked across major DeFi protocols for anomalous on-chain activity.

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