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Unitas Protocol Launches Testnet after Completing Smart Contract Security Audits by Sherlock

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DeFi stablecoin protocol Unitas has deployed its testnet on Sepolia on 17 July 2023 and is open for participation after completing security audits done by Sherlock, a leading smart contract coverage protocol and audit marketplace built on the Ethereum blockchain.

The necessary actions to address minor issues identified in this audit contest have been successfully implemented. To participate in the Unitas Protocol testnet, please join the Unitas Testnet Telegram Channel to get test tokens. The mainnet is scheduled to be live on 31 July 2023.

To ensure Unitas protocol’s best quality of security and stability, the Unitas Foundation partnered with Sherlock to conduct a public smart contract audit competition. This contest was open to the public to engage Web3 security communities to find and report issues and vulnerabilities in any part of Unitas protocol. Over 200 security professionals from around the world participated in the 7-day contest.

“Having a security-first mindset is key to success in Web3,” said Sun Huang, co-founder and Chief Technology Officer of Unitas Foundation. “As a cybersecurity expert with over 15 years of experience from internet to blockchain, I believe the high standards we uphold lays a solid foundation for Unitas to serve emerging markets with its unitized stablecoins, such as USD91USD971USD84, and more.”

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Unitas Protocol is happy to announce that it has completed an extensive and comprehensive security audit conducted by Sherlock. Auditors and judges in this contest reviewed unintended exploit potential in Unitas Protocol’s smart contract, such as security design, formula, oracle, and potential risks.

The Unitas team welcomes everyone to participate in its testnet (currently available only on desktop) and is confident to move toward mainnet launch. It would like to take this opportunity to express their gratitude to Sherlock and Lead Auditors weiss.eth and ctf_sec for their support and assistance throughout the smart contract audit process for Unitas Protocol.

Unitas Protocol defines a new stablecoin category — unitized stablecoins, which serve as Units of Account representing emerging market currencies.

Unitas stablecoins allow its users to enjoy ease in transaction and efficiency for people who have demand for, and are familiar and comfortable with emerging market currencies and price quotes. It also allows better access to USD liquidity as the protocol is over-reserved with exogenous USD stablecoins such as USDT and USDC and participants can mint unitized stablecoins with such USD stablecoins.

The concept is to “unitize” a USD stablecoin into one local currency unit. Unitas stablecoins are affixed with their corresponding country code, e.g. USD91 for Indian Rupee, USD971 for UAE Dirham, and USD1 for US Dollar. Unitas Protocol is essentially a value translator between USD and other currencies and guarantees that each Unitas stablecoin can unconditionally convert back to a USD stablecoin.

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DIFY Announces Return to MENA with Dubai Blockchain Night 2025

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Following a series of successful global editions, DIFY is making a highly anticipated return to the innovation capital of the world — Dubai. The Dubai Blockchain Night 2025, organized by DIFY, took place on 29 April 2025, delivering an electrifying evening of networking, discovery, and gamified engagement right at the iconic doorstep of Palace Downtown.

We are proud to introduce our Title Sponsor – STIQY, the trusted growth and loyalty tool crafted for rising Web3 projects. Attendees experienced live interactive CTA campaigns powered by STIQY’s customizable, white-label solutions—designed to drive scalable engagement and long-term user retention.

Building on the momentum of past editions in Singapore, South Korea, Malaysia, Vietnam, Thailand and previous Dubai showcases, this year’s Dubai Blockchain Night featured a gamified experience where participants dive into real-time activation challenges onsite — gaining first-hand exposure to how STIQY’s dynamic tools operate.

Event Highlights:

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  • Title Sponsor: STIQY

  • Co-hosts: EMERGE Group, DTC Group, 9 Cat Group

  • Date: 29 April 2025

  • Location: Palace Downtown

Sponsors include Verrefin, Rapidz, Sei and Avocado Guild.

Highly Curated Networking

The event brought together over 500 participants, including top Web3 stakeholders and decision-makers from the MENA and APAC regions. It served as an exclusive, invite-only gathering for founders, builders, venture capitalists, and media to connect and collaborate.

The post DIFY Announces Return to MENA with Dubai Blockchain Night 2025 appeared first on News, Events, Advertising Options.

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Veriff and Legitify Partner to Streamline Cross-Border Digital Notarisation

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Rakovina Strengthens Board with Appointments of Yevgeniy Meshcherekov and David Kideckel

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