# Stick to DeFi Security

Crypto crimes, especially hacking incidents, have been increasingly rampant with the overall booming development of the blockchain industry. According to the statistics of SlowMist Hacked, as of June 30, 2022, there were 187 security incidents in the first half of 2022, with losses as high as about $2 billion.

Among these security incidents, about 77%, that is, 144 cases, are results of vulnerability exploits, losing $1.84 billion, accounting for 93% of the total loss of security incidents. Patronus believes security is essential for building an ecosystem. We code smart contracts prudently and responsibly.

&#x20;We are advocates for open-source software, and Patronus has worked with various users and builders to build better and more secure DeFi applications. We work with trustable security experts and auditors to safeguard your assets.&#x20;

As a matter of fact, the inspiration for the name ***Patronus*** comes from our vision of creating a safe DeFi application. We will live up to our name.


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