Why do we need (something like) Ante?
Ante creates legitimacy in decentralized finance by tokenizing trust.
Decentralized finance is growing rapidly, with over $50B of capital deposited on-chain in complex smart contract systems.
But it’s hard for new users to know which projects to trust. And it’s hard for projects to know which services to trust. Even audited projects have suffered substantial exploit losses.
There is substantial new capital waiting to enter DeFi once greater clarity emerges.
Ante creates a Schelling Point for protocols to build community trust.
Ante (Autonomous Native Testing Environment) works by creating incentivized pools that track on-chain tests (Ante Tests). Protocols stake their own tests to signal confidence in their code. Developers who challenge faulty tests win bounties. Security engineers are incentivized to conduct decentralized audits.
Together, these pools reveal market consensus on objective, ex-ante risks hidden in smart contracts.
Ante leverages the reflexive nature of on-chain trust.
The more confidence a protocol has in its code, the more it should stake in Ante Tests. The more staked, the more attention and scrutiny drawn by their tests. The more scrutiny, the greater collective peace of mind.
Ante coordinates protocols, security engineers, and savvy liquidity providers to boost the collective code safety of all decentralized finance. The vision for Ante is to increase computational trust in all high-stakes systems.