Vesting Data & Security Notice
Undeads team takes key measures in its smart contracts to ensure the safety of user funds. The development team uses the most advanced approaches to projecting and development focusing on the following:
- Safe code: Undeads developers exercise the best programming practices to ensure no vulnerabilities for the app. Any code goes through the complete testing cycles, internal reviews and audits from third parties.
- Keys and secrets management: Undeads does not store private keys of user or management wallets. Undeads management uses transparent voting mechanism. It protects the app if one or several administrator devices were attacked or if any admin wallet keys are lost.
- Security audit: Undeads is in close contact with Certik for auditing its decentralized apps. Certik performs regular audits to reveal any possible vulnerabilities and ensure high level of security.
- Regular updates: Undeads team continuously updates its code and infrastructure to eliminate any deficiencies and ensure the app safety.
- Community and feedback: Undeads team is actively involved in the communication with its users. It takes their opinion, reviews and comments seriously. Regular updates and improvements are based on the user feedback to increase security and improve user experience.
Based on the latest security audit the decentralization issue was raised. Therefore, we need to explain measures taken to prevent possible centralization, especially in regard to UDS token supply.
$UDS token supply has been distributed among the following:
- Vesting contract (https://etherscan.io/address/0xd321Fb8758b193A65BA7C13903C8272252e493A2 — almost 92%
- Game Pool contract (https://etherscan.io/address/0x35009e41121ffebaa412e4C257D5634dAf8BF0B1)
- Liquidity Fund (https://etherscan.io/address/0x06421454C684e868cd3e3F102E9438E5deccBF51)
- And system address for distribution among NFT holders (https://etherscan.io/address/0x216fb236b940b8F1B95b750cf43E9f29c2e8bF9a)
It means that total supply of 250 000 000 $UDS has already been transferred from the contract.
Another decentralization measure is the Undeads voting mechanism implemented in ManagementV2 contract:
https://etherscan.io/address/0x28838442CFfeC02CEE6966b8d553Bb59b2A71Fdb
This contract ensures transparency and correctness of voting results. Voting details including proposals and results are secured in public blockchain and are open to all users.
Only this contract is able to call management\administrative functions of the dApp, such as initial prices of assets or initiating vesting. The voting is currently held among the following administrators:
0xe40ebFcFe21CddF9396692eD3410D6c8800aF558, 0xDcD71C0f2F661a41805Ad2A010caCe2AEF446900, 0x31759d44AB0ee6F64BD98B9B98b6519590189374.
Any decision shall be approved by majority. The list of administrators can be changed by voting only with a certain quorum.
Thus, the voting mechanism of Undeads ensures decentralization in project management and makes the project more open and transparent for all participants.
