A Web3SOC-style review evaluates your protocol's readiness for institutional interactions and identifies potential risks before deployment. Cantina pioneered the Web3SOC framework, but this guide focuses on internal implementation to ensure high standards of security, governance, and operational maturity.
Risk Identification: Assess security, governance, financial, and operational risks.
Institutional Readiness: Ensure your project is structured to meet expectations of partners and investors.
Continuous Improvement: Provide actionable recommendations to enhance long-term security and reliability.
Review decision-making processes, role assignments, and multisig controls.
Assess community engagement and transparency mechanisms.
Conduct thorough smart contract reviews and dependency audits.
Verify incident response and recovery plans.
Examine treasury management, accounting transparency, and audit trails.
Evaluate financial risk mitigation strategies.
Ensure adherence to applicable laws and regulations.
Document internal compliance processes.
Initial Assessment: Gather all relevant documentation and contracts.
Gap Analysis: Compare current practices against best-in-class standards.
Remediation: Fix identified vulnerabilities and strengthen governance/operations.
Final Review: Conduct a follow-up audit to confirm all issues are resolved.
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