Draft Audit Reports Published by Peckshield and Beosin
Dear LeverFi users, we are happy to share that we have received the draft audit reports from Peckshield and Beosin.
The draft audit reports can be found in Github:
There are two issues awaiting fixes, and once completed, the final audit reports will be updated and issued by the auditors.
Smart Contracts Development Status
There was a delay in completing the audit as the bytecode for the main Ledger contract exceeded deployment size after we made some code changes highlighted by the auditors.
This required our team to downsize the contracts, splitting up the main Ledger contract into several smaller contracts so that deployment can be successfully carried out later on.
As we are making fundamental changes to refactor the smart contracts, this exercise will take until the end of this week to complete, resulting in an unexpected delay. We expect to finalize the audit reports with the auditors towards the end of next week.
Hybrid Audit and Bug Bounty Program
As part of our three-layer security process, we are working to launch a hybrid audit + bug bounty program in a week’s time, to open up the code for a larger pool of external reviewers to stress-test and identify potential weakness in the code, if any.
Along with the security audits by Peckshield and Beosin, the bug bounty program adds an additional layer of checks and verifications to minimize security risks.
More information about the audit + bug bounty program and how to participate will be shared soon in a separate article.
Platform Deployment Expectations
The LeverFi platform will be deployed once the security processes and reviews are completed. This will only take place after the Merge, so there will be no long tail utility risks for LeverFi users relating to the Merge.
We are excited to bring a unique, innovative DeFi product to the market, and look forward to engaging our users for feedback on the LeverFi platform features, utility and improvements once ready.
Power Up Your Trading Game with LeverFi
Backed by world-class investors, LeverFi delivers Web3 innovation across liquidity management and leveraged trading.
LeverFi offers a unique platform for traders to yield farm, earn and leverage trade in size at the same time. With the revolution in DeFi taking shape, we are positioned as a unique offering within the crypto scene and are growing in popularity every day.
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