Solana Foundation Launches STRIDE and SIRN for Enhanced DeFi Security

The Solana Foundation has taken steps to enhance security standards for decentralized finance protocols on its blockchain. The launch of STRIDE, a new security evaluation program, aims to provide a structured review process for protocol security.

STRIDE stands for Solana Trust, Resilience, and Infrastructure for DeFi Enterprises. It is designed as a continuing security review system rather than a one-time audit or bug bounty. The framework assesses protocols in eight areas, including software security, governance, and access control, oracle risks, and operational security.

Asymmetric Research will conduct the assessments and publish the findings in a public repository. Protocols that pass evaluation will receive an independent review and a public report. Those with more than $10 million in TVL will qualify for foundation-funded 24/7 operational security support and threat monitoring, while those with over $100 million in TVL will also receive formal verification funded by the Solana Foundation.

The launch of STRIDE follows the Drift Protocol exploit on April 1, which drew attention to the need for improved security standards across DeFi platforms. The foundation has also introduced SIRN, a coordinated incident response network that brings together security firms to respond to active threats and security incidents. SIRN is open to all Solana protocols and will prioritize responses based on TVL and expected scale of the incident.