SugarYield Commitment To Security
SugarYield’s first priority is to secure & safe community funds
DeFi is a dangerous place. On every chain, insecure protocols bleed money due to greed, ignorance, or just pure chance. According to the Rekt leaderboard, over $2B has been taken by hackers since the start of 2021. But it doesn’t have to be that way. At SugarYield, security is one of our core principles. SugarYield uses both DeFi-native and traditional cybersecurity techniques to ensure that vaults are a world-class DeFi product.
SugarYield Finance has commissioned SolidProof to audit the core contracts of SugarYield first product, Pre-Diabetes. SolidProof has provided security reviews for various respected crypto/DeFi projects. With the pen test report on the Binance Smart Testnet , Solidproof led with the highest level of professionalism and extreme care with every last detail.
Codebase:
SugarYield Token: https://bscscan.com/token/0x57528b45134f09F2e0069334a36A7e14AF74745F
Rewards Factory: https://bscscan.com/address/0xEea2656A7749BF437f65ad9622dB64C05088Acf8
Vault Factory:
https://bscscan.com/address/0x232B3e3F08707F64A0f3F7adf4b10AA96e5dDC48
Controller: https://bscscan.com/address/0x2C8f929821d6709EAeE695D82B7FF4D9eF2d288f
Our audit report is consists of 4 different smart contracts based on priliminary audit report out team has fixed all required issues based on audit team suggestions. However, to ensure the new contract is safe for users. We have decided to proceed to an audit with Solidproof — the most popular and renowned Audit agency and we have already received a final auditreport.
This isn’t the only audit SugarYield will be receiving. All major protocol updates will be thoroughly reviewed by expert security researchers, whether auditors or external contractors, to ensure that all protocol upgrades are deployed securely. This is in accordance with DeFi security standards pioneered by organizations like MakerDAO. SugarYield core protocol code will be available for public audit with a prize pool of $50,000 to incentivize skilled hackers to comb out any final bugs within the system. Our team will create proposal based on voting we will start contest. Additional rewards are included for critical vulnerabilities.
Concerning the major vulnerability, we have implemented a system of governance for the $Sugar token contract and Treasury contract which requires the owner to make a proposal in order to be able to change the most important components which has the right of $Sugar community SugarYield Governance: https://sugaryield.com
SugarYield multifaceted approach to security helps ensure that our products possess institutional-grade security so that any DeFi user, DAO, or financial institution can appreciate a safe DeFi experience.
Malicious hackers have plagued the blockchain space and stifled the growth of many promising projects. By conducting Formal Verification audits on projects like SugarYield, Solidproof aims to guard against some of the most frequent and critical vulnerabilities that have been the source of these attacks. Together, both organizations envision a safer blockchain ecosystem with higher security standards that would prevent against many of the hacks of the past.
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