SmartState Smart Contract Audit Digest ‘22: DAO Maker

SmartState.tech
4 min readAug 24, 2022
SmartState Smart Contract Audit Digest ’22: DAO Maker

The Project

DAO Maker is a DAO-based system that allows affiliate users to invest in startups safely. It is a fast-growing project that helps create a technology framework for startups to grow and launch, while reducing the risk for investors. The market capitalization of companies raised using DAO Maker is growing, and investors who have registered on the platform so far have been rewarded with a convenient, user-friendly ecosystem.

DAO Maker smart contract audits by SmartState

DAO Maker is our long-standing client. We’ve already conducted a bunch of audits for DAO Maker in 2021. This year (in March and July) DAO Maker approached SmartState for new audits of their smart contracts for possible vulnerabilities or errors, which could lead to project failures.

We’ve carried out several tests of smart contracts and the platform architecture regarding best code practices or, on the other hand, various issues, including:

• ERC20/BEP20 compliance

• Logical bugs

• Private data leaks

• Weak PRNG

• Unused vars

• DOS (General Denial of Service)

• Hidden malicious code

• Short address/parameter attack

and others, which could do harm and lead to possible failures.

13/03/22 DAO Maker Smart Contract Audit

13/03/22 DAO Maker: Smart Contract Audit report by SmartState

We’ve tested the FARM.SOL contract structure and did not discover any major vulnerabilities. There were some minor issues, however, so we proposed a list of suggestions.

You can see this DAO Maker smart contract audit report here:

18/07/22 DAO Maker Smart Contract Audit

18/07/22 DAO Maker: Smart Contract Audit report by SmartState

This time we’ve tested SHOVESTING.SOL and didn’t find critical vulnerabilities, still we’ve added a list of helpful recommendations for gas usage optimization and some other topics.

You can see this DAO Maker smart contract audit report here:

30/07/2022 DAO Maker Smart Contract Audit

30/07/22 DAO Maker: Smart Contract Audit report by SmartState

We carried out a series of tests and discovered no vulnerabilities or errors. The code is very well-written and stands up to high standards.

You can see this DAO Maker full smart contract audit report here:

We are happy to announce that all the DAO Maker audits were submitted on time and the DAO Maker team were completely satisfied with our work.

See all of our reports:

About SmartState

Launched in 2019 and based in Dubai, SmartState is one of the leading DeFi security auditing firms. We validate security of the code core, smart contracts and blockchain for all types of vulnerabilities.

Although SmartState kickstarted operations with smart contract auditing of DLT-projects, from the very beginning, we made sure that our services went beyond the classic purview of smart contract audit and sec review.

We specialize in manual testing, so SmartState’s tech team of white-hat security professionals assesses a project’s git in detail and provides guidelines for its further development.

Our security audit reports also often review threats and vulnerabilities to which codebases may be exposed in the future, as the network achieves scalability and expands to accommodate more use cases and functionality.

Stay tuned and find more about us and what we provide on our:

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SmartState.tech

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