When it comes to crypto staking, Web3 staking, or earning in Web3, trust and security are critical. Just as we would never fly with an airline that skips regular inspections, we shouldn’t trust DeFi projects without first checking their safety. With billions lost to hacks, the safest way to earn in crypto lies in understanding project security and staking mechanisms, like Tonstakers TON staking. This guide explains why security audits matter, how to evaluate projects, and how Tonstakers sets an example of security excellence.

The Cost of Neglect: Billions Lost to Hacks

In the blockchain space, everything operates on code-based governance. Smart contracts automatically manage tokens without human involvement, which eliminates human errors but introduces risks if the code isn’t perfect. Even a minor vulnerability can open doors for hackers to steal funds.

Since 2017, over $9 billion in crypto has been lost to hacks, with at least 1–5 incidents every month.

For example, the infamous Ronin Bridge hack led to a $625 million loss, attributed to "security trade-offs" made by the developers. This demonstrates how poor private key management and code vulnerabilities can lead to catastrophic losses.

How to Verify DeFi Project Security

Before diving into crypto staking or Web3 staking, it’s crucial to DYOR. Key steps include:

• Researching the team behind the project.

• Ensuring the code is open-source for transparency.

• Evaluating the fundamentals and tokenomics.

• Checking community feedback on social media and forums.

While DYOR is vital, spotting technical vulnerabilities in code requires expertise. This is where security audits come in.

What Is a Security Audit in DeFi?

Security audits are conducted by specialized firms like Certik. These firms employ cybersecurity experts and former hackers to identify vulnerabilities, suggest fixes, and assign a security score. Certik has audited major projects like TON staking, Binance, and Bybit, providing insights into their safety.

Key Areas of Audit

• Code Security: Identifying bugs and backdoors.

• Team Fundamentals: Verifying team credentials and trustworthiness.

• Operational Sustainability: Evaluating long-term security measures.

• Community Sentiment: Analyzing user trust and engagement.

How Security Audits Ensure Code Safety

Smart contracts must behave as intended, no matter the input. Auditors test this by simulating real-world scenarios and trying to exploit potential loopholes. For example, they check if dishonest actors can manipulate staking pools or mint fake tokens.

Tonstakers: A Secure TON Staking Platform

Tonstakers achieved a code security score of 95.61 out of 100 by implementing the following:

• Non-custodial staking: Users maintain full control over their funds.

• Safe tsTON minting mechanism: Prevents unauthorized token creation.

• Resilience against bad actors: Protects the staking pool from dishonest validators.

For anyone looking for the safest way to earn in crypto, such measures ensure a reliable staking APY and consistent crypto staking yield.

Why Audit Fundamentals Matter

The anonymous nature of blockchain allows anyone to launch a project, making it essential to verify the legitimacy of the team behind it.

Auditors like Certik ensure that team members have relevant expertise and no malicious intent. Tonstakers, for example, verified five core team members and received a 92.05 score for fundamentals.

Operational Security: A Long-Term Perspective

Security isn’t a one-time task. Projects must continually maintain their security posture to prevent hacks after updates or new feature rollouts. Tonstakers exemplifies this by:

• Enforcing strict internet security standards for their website and app.

• Running a bug bounty program offering rewards of up to 50,000 TON ($350,000).

• Such initiatives build trust and protect users' earnings with crypto staking.

Community Engagement and Its Role in Security

User trust is critical for any staking or crypto project. Just as buyers check reviews before making a purchase, auditors analyze community sentiment on X (Twitter) and Telegram channel to assess the project's reputation. Tonstakers scored 92.07 in this category, highlighting active user engagement and trust.

Can You Trust a Project Without a Security Audit?

Without an audit, trusting a project is like buying a car without knowing if its safety features work. The same applies to crypto staking platforms. To ensure your funds’ safety and maximize staking APY or crypto staking yield, always look for projects with a high audit score.

Conclusion: Security First in DeFi

The safest way to earn in crypto isn’t just about chasing high staking APYs—it’s about ensuring your funds are secure. Before investing in TON staking or any Web3 staking platform:

• Check the project’s audit results.

• Evaluate the team's legitimacy and track record.

• Look for a security score of 90+ from reputable firms like Certik.

In the world of crypto staking, your financial safety depends on your diligence. Don’t trust blindly; DYOR and verify everything yourself. By prioritizing security, you can confidently earn in Web3 and enjoy stable staking yields.