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High quality protocols like PoolTogether for example have this: https://docs.pooltogether.com/security/audits-and-testing https://docs.pooltogether.com/security
by whitepaint 5y ago
High quality protocols like PoolTogether for example have this: https://docs.pooltogether.com/security/audits-and-testing https://docs.pooltogether.com/security/audits-and-testing
- yunohn 5y agoMost people have never heard of PoolTogether, so I’m not sure if your definition of “first tier” and “high quality” is objective. Regardless, this quote from your link stands out: “it should never be expected that 100% of the deployed code has been formally audited.”
- whitepaint 5y agoIt has $175 M locked in the protocol, it is also featured on https://ethereum.org/en/dapps/ https://ethereum.org/en/dapps/, and is one of the oldest DeFI projects. By my definition, it is both "first tier" and "high quality". We can of course have the philosophical debate of objectivity and if such thing even exists, not sure if it's needed here though. The audits of this protocol is also continuous.
- yunohn 5y ago175M$ is like 1/4th of the hack that this thread is discussing. Also, they specifically state that not everything is audited? Nowhere do they mention continuous audits.
- whitepaint 5y agoYou are right, it's not mentioned, but they do in fact spend hundreds of thousands every few months for audits. You'll find more info here: https://gov.pooltogether.com/ https://gov.pooltogether.com/