VatCap Coin Smart Contract Audit: EtherAuthority’s Security Assurance
EtherAuthority released its security audit of the VatCap Coin BEP‑20 smart contract, revealing a strong codebase with just minor issues to address. This blog dives into the highlights of the audit, what it means for the project, and why it matters for investors and developers.
Project Landscape & Audit Scope
VatCap Coin, built on Binance Smart Chain, implements standard token functions like approvals, transaction limits, dividend distribution, and several control features (e.g., approveMax, setMaxWalletPercent, setTxLimit, basicTransfer). EtherAuthority’s review included both automated analysis (with tools like Slither, Solhint, and Remix IDE) and manual code inspection, ensuring no stone was left unturned.
Security Verdict: Secured with Few Caveats
The audit found zero critical, zero high, and zero medium severity vulnerabilities—only one low-level issue and several minor best-practice gaps. This places VatCap solidly in the “secured” category, making it technically ready for deployment. However, EtherAuthority strongly reminds readers: audit status does not guarantee ethical behavior or endless safety—users must conduct independent due diligence when buying tokens.
Noteworthy Findings & Suggestions
- Missing events: Key functions like authorize, setTxLimit, and clearStuckBalance lacked event emissions, which can hinder tracking through UIs and blockchain explorers.
- Missing error messages: Condition checks in several functions lacked descriptive revert messages, complicating bug hunting and user feedback.
- Unbounded loops: Loops for functions like blacklist management could hit gas limits if the owner loops over many addresses, risking transaction failure.
EtherAuthority suggests corrections: add event logging, include clear error messages, and restrict loop sizes. They also recommend renouncing owner privileges post-deployment to enhance decentralization.
Audit Approach & Transparency
EtherAuthority’s audit methodology blends static tooling with manual review, threat modeling, and collaborative remediation guidance. Even low-risk or informational findings were documented to support future improvements. The aim is lasting code quality, not just a rubber-stamped checklist.
Final Thoughts
The VatCap Coin smart contract passes EtherAuthority’s audit with high marks. With no major security flaws detected, the contract is technically solid and can be deployed with confidence. Still, minor fixes—like logging events, clarifying errors, and curbing loops—could elevate usability and transparency. And importantly: decentralization relies on the team renouncing ownership privileges once governance goals are met.
Be the shield your community needs — connect with EtherAuthority before it’s too late. Write to us at contact@etherauthority.io
Audit Report in PDF: VatCap Coin Smart Contracts Security Audit-Report
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