Neko Passes SmartState.Tech’s Security Audit
Neko, the experimental network of Maze protocol, has successfully passed the meticulous Smart State security audit. Maze is the world’s first zero-interest lending protocol that utilizes a highly dynamic yield-rate consensus algorithm to take over the traditional interest model.
Neko partnered with Smart State to enhance its credibility and reinstate the importance of security in the dynamic DeFi sphere. Smart State has reviewed the functionality and competence of the code diligently — Neko is good to go!
Highlights of Neko Smart State Security Audit
The major technical objective of the security audit was to ensure the quality, security, and accuracy of the Neko codebase.
Smart State analyzed the code line by line to unearth hidden flaws if any. The codes are well written and follow a fitting style. They are on par with applicable standards and adhere to base code practices and ERC 20 & BEP 20 specifications. There are no logical bugs, private data leaks, authorization issues, or arithmetic over/under flows. The code is resilient on both technological and economic fronts.
In addition to that, cross-comparison tests were conducted and the smart contract logic was tested against malicious attack vectors. The results revealed that the code was robust and devoid of defects and ambiguities.
It is important to note that the validity of the audit report is limited to the competence of coding standards and optimizations followed.
What is Neko?
According to the CEO of Maze Protocol, Neko is the Kusama of Maze. Powered with an innovative and transparent computation middleware, Farmbase, Maze synchronizes yield rates from branches on all chains. Being the experimental network of Maze, Neko runs on real blockchains with full-fledged functionalities.
Maze will continue to join forces with Smart State to verify the security of its network in the upcoming phases and deploy advanced solutions to drive the DeFi revolution.
About Smart State
Launched in 2019, Smart State is a leading DeFi security auditing firm based in Dubai. The team validates the security of the code core, smart contracts and blockchain for logical and business process vulnerabilities.
Although Smart State kickstarted their operations with smart contracts auditing of DLT-projects, from the very beginning, they made sure that their services went beyond the classic purview of smart contract audit and security review. Smart State security audit assesses a project’s git in detail and provides guidelines for its further advancement. The security audit reports delve into the threats and vulnerabilities the codebases might be prone to in the future as the network achieves scalability and expands to accommodate more use cases and functionalities.
Wrapping up
Being still in their infancy, crypto and DeFi are often looked down upon with apprehension despite their unique functionalities and capabilities. Unless the flaws and hidden loopholes in DeFi protocols and smart contracts are addressed beforehand, they will tarnish the industry and catapult it into grandeur failure. Smart State empowers DeFi protocols and ecosystems with meticulous audits in line with industry standards. DeFi ventures gearing up for the Mainnet launches are equipped to dive into a wider market with full assurance.
To know more about SmartState and the services we provide, check out our website — https://smartstate.tech/
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