Deepr Finance is proud to announce that its smart contracts have been successfully audited by the renowned security auditing firm HashEx.
To ensure the secure use and trustworthiness of the Deepr platform, the security audit by HashEx involved a thorough review of the Deepr smart contracts code bases to identify potential security issues and to formally check the logic behind the platform.
The published results of this audit including the recommended changes and modifications implemented can be viewed here.
All smart contracts were tested against common attack vectors and the codebases were assessed to ensure compliance with current best practices and industry standards.
The preliminary audit report found 8 issues of which all pending modification suggestions one has yet to be resolved, as reflected in the final audit report.
The pending issue related to “Exaggerated owner’s rights” is marked as “Partially fixed”, and will be fully resolved once Deepr contracts are deployed on mainnet and Hashex verifies that the audited contracts are deployed without modifications and ownership is transferred to a multisig address controlled by KYCed signers.
The multisig committee will be assigned by the Deepr team and will consist of well known and trusted ecosystem actors.
Deepr Protocol is a fork of the multiple times audited Compound Finance protocol (“Compound”), to which public audit reports are available here. By forking Compound smart contracts Deepr inherits a lot of their security as Compound has been “battle-tested” meaning the code was deployed over 2 years ago and has secured a huge amount of TVL over this period of time.
Should you have any questions please feel free to join and raise questions in our discord server https://discord.gg/xVyAUpyZ.
HashEx is a leading DeFi intelligence and security provider founded in 2017. The HashEx team of expert auditors delivers high-quality detailed smart contracts audits, including suggestions and recommendations on code improvement for various coding languages.
HashEx has audited more than 700 smart contracts with the help of their state of the art products CryptEx Locker and Smart Contracts Constructor.
About Deepr Finance
Deepr Finance is a secure decentralized lending platform, providing equal and unhindered financial access to lending and borrowing of crypto assets on the Shimmer network. The platform will support earning of interest on inactive crypto assets, whilst providing access to loans against collateral held on the platform.
With a strong mission to empower communities and to enhance the Shimmer ecosystem, Deepr Finance aims to provide long term value to all stakeholders — users, investors, the team and liquidity providers.