The author discusses the current state of web3 security and the need for a transformation in security practices. While advancements in technology are being made in other sectors, web3 security remains insufficient and outdated. The shift from web2's centralized model to web3's decentralized architecture has expanded the attack surface, making security a pressing concern. The author argues that relying solely on manual audits is not enough to secure smart contracts, as audits have proven to be ineffective with 90% of exploited contracts having undergone audits. The author introduces Olympix, a dev-first web3 security platform aimed at automating the audit process and catching vulnerabilities earlier in the development stage. The platform has already prevented millions of dollars in exploited contracts. However, the author emphasizes that advanced tools like Olympix are not a complete solution, and a multi-layered approach combining proactive tools, audits, bug bounty programs, and on-chain monitoring is necessary. The author encourages the industry to reevaluate their approach to security and highlights the importance of trust in protecting assets in the web3 era.



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