10MB Finance Smart Contract Audit: Strengthening DeFi Security
In the fast-paced world of decentralized finance (DeFi), the security and dependability of smart contracts are crucial. Recognizing this, 10MB Finance, a platform providing features like staking, earning, minting, redeeming, and pool management, commissioned EtherAuthority to perform a thorough audit of its smart contracts.
About the Audit
The audit, completed on June 20, 2022, involved a detailed examination of the platform’s Solidity-based smart contracts using tools such as Slither, Solhint, and Remix IDE, alongside careful manual code reviews. The contracts utilize well-established OpenZeppelin libraries, including IERC20, SafeMath, SafeERC20, ERC20Burnable, Ownable, Math, ERC20, and ReentrancyGuard, which have been reviewed by the community and proven over time.
Main Findings
- Security Status: The audit concluded that the contracts were “Secured,” meaning no critical or high-level vulnerabilities were found.
- Medium-Level Issue: One medium-level issue was identified.
- Low-Level Issues: Four low-level issues and some very minor concerns were pointed out, mainly concerning code optimization and adherence to best practices.
- Owner Control: The audit noted the existence of owner-controlled functions, indicating that the contracts are not entirely decentralized.
Importantly, all identified issues were addressed and resolved in the updated code, highlighting 10MB Finance’s focus on security and openness.
In Conclusion
By proactively having its smart contracts audited, 10MB Finance demonstrates its commitment to the security and trust of its users. As DeFi continues to expand, platforms that prioritize security and transparency are likely to thrive.
For a comprehensive look at the audit’s findings, you can view the full report on EtherAuthority’s website: 10MB-Finance_Smart Contract Audit
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