Velvet Capital
Summary
Velvet Capital contracted the services of Resonance to conduct a comprehensive security audit of their smart contracts between April 25, 2024 and May 15, 2024. The primary objective of the assessment was to identify any potential security vulnerabilities and ensure the correct functioning of smart contract operations.Velvet Capital is a protocol that facilitates the management of users' crypto portfolios. A so called Intent Operating System for DeFi makes it easy for users to control what they do with their assets. One of the key features is an implicit batching of operation allowing for quick portfolio transitions via on-chain swapping. Velvet Capital exposes users to ready-to-use vaults while also allowing them to create their own.Velvet Capital brings together the latest research and allows users to use the best fund managers and algorithms to manage their assets if they choose to. The capital management is not only oriented around keeping and trading assets, but it also involves leveraging yield-farming to maximize capital efficiency. Subsequent integrations with real-world assets, derivative based strategies and managing assets on multiple chains are planned to be implemented in the future.
