However, the security gaps can be bridged through the enforcement of critical measures.Errors are part of the blockchain experience, but it is tremendously dangerous if these events go unnoticed, as it would disrupt the project altogether. To eliminate the risk of facing such an unimaginable scenario, security audits spot the threats coming beforehand, saving smart contracts. Smart contract audits focus on code efficiency before deployment and verify that all interactions are safe. It ensures meaningful security that is uncompromisable. Projects can host their bug bounty program or integrate with Bug Bounty Platforms like Immunefi or Hackerone. It adds an extra layer of security for the projects. Even if everything seems to be fine and the contract is running smoothly, it is very much required that it is protected. Decentralized insurance protects user funds locked in DeFi protocols, and they can be assured of the security of the capital.51% of projects hacked are unaudited. Therefore, paying attention to security as a part of the development can significantly bring down DeFi’s share of fund loss and strengthen web3 security.