Fireblocks

To further enhance the security of our digital assets, Avant has integrated Fireblocks, a leading digital asset custody, transfer, and settlement platform. Fireblocks provides institutional-grade security infrastructure, ensuring that our assets are securely stored and managed.

Restricting Strategist Actions to Whitelisted Protocols

A critical feature of Fireblocks that significantly enhances our security framework is the ability to restrict actions that can be performed by our strategists. Specifically, only certain smart contracts, swap functions, and DeFi protocols are whitelisted by our security experts and team. This means that strategists can only interact with pre-approved, thoroughly vetted protocols and execute specific, authorized transactions.

By leveraging Fireblocks' advanced policy controls and transaction governance, we ensure:

  • Whitelisted Smart Contracts and Addresses: Strategists are permitted to interact only with smart contracts and addresses that have been rigorously analyzed and approved by our security team, minimizing exposure to malicious or vulnerable contracts.

  • Controlled Transaction Types: Only specific types of transactions and swap functions are allowed, reducing the risk associated with unauthorized or high-risk operations, as well as mitigating consequences of human errors.

  • Role-Based Access Control (RBAC): Strategists have defined roles and permissions within the platform, ensuring they can perform only the functions necessary for their strategies within the security parameters set by our team.

Key Features of Fireblocks - these features are listed as a courtesy. Always refer to their official documentation to ensure accuracy of the below statements.

  • Secure MPC-CMP Technology: Fireblocks utilizes Multi-Party Computation (MPC) with Computational Multi-Party (CMP) technology to secure private keys. This approach splits private keys into multiple encrypted shares, distributed across different systems, eliminating single points of failure. This significantly reduces the risk of key compromise and unauthorized access to assets.

  • Secure Asset Transfer Network: Fireblocks offers a secure transfer environment that protects assets during transit. All transactions are conducted within a closed, secure network, preventing external threats from intercepting or tampering with asset transfers.

  • Compliance and Certification: Fireblocks adheres to the highest security standards, including SOC 2 Type II, ISO 27001/27017/27018 certifications. This compliance ensures that our operations meet stringent industry best practices for security and data protection.

Benefits to Avant and Its Users

By integrating Fireblocks into our platform, Avant ensures that:

  • User Assets are Securely Stored: All digital assets are held in secure custody, protected by advanced encryption and key management systems.

  • Transactions are Safe and Reliable: The secure transfer environment minimizes the risk of asset loss or theft during transactions.

  • Operational Efficiency: Fireblocks' infrastructure allows for fast and secure operations, enabling us to execute strategies effectively without compromising security.

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