ICON has teamed up with Hashlock to perform a second external audit of the Sui Move contracts for Balanced and ICON’s General Message Passing. Auditing is a crucial step for any major project release, and Hashlock has joined us for an additional round of external audits following the initial work by Movebit.
With all necessary fixes from Hashlock’s audit now implemented, our contracts for the Sui network benefit from the scrutiny of our internal teams and two external auditing bodies. This brings us in line with the security standards held by our counterparties on SUI, creating opportunities for further collaboration as we continue to deliver new features and DeFi
experiences to the ecosystem.
Hashlock’s Interactive Approach
Hashlock’s approach to smart contract auditing is both comprehensive and collaborative, perfectly aligning with our commitment to excellence and security. Here’s how their process proposes to enhance the security and functionality of Balanced and ICON GMP:
Thorough Code Examination
The process starts with an in-depth review of our smart contract code. The team at Hashlock meticulously scrutinizes every line of code, leaving no aspect overlooked.
Collaborative Engagement
Hashlock believes in working closely with protocols throughout the auditing process. This interactive collaboration allows them to gain a deeper understanding of Balanced, ICON’s specific requirements, and the intended functionality of our smart contracts. We promptly address and rectify any identified issues through continuous communication.
Dual Testing Approach
Hashlock utilizes a combination of automated and manual testing methods to ensure comprehensive coverage. Automated tools quickly detect common vulnerabilities such as reentrancy attacks and overflow/underflow issues, while manual analysis uncovers more complex and subtle problems that automated tools might miss.
Real-World Scenario Simulation
To ensure smart contracts can withstand real-world conditions, Hashlock simulates various attack scenarios and stress tests. These simulations help evaluate contracts’ resilience against potential exploits and assess their performance under different load conditions, ensuring robustness in practice.
Ongoing Improvement
Hashlock’s commitment to excellence extends beyond the initial audit. They provide detailed reports with their findings and actionable recommendations for improvement. Moreover, their team remains available for post-audit support, assisting us in implementing necessary fixes and enhancements.
Continual optimization for balance
ICON and the Balanced team are dedicated to providing a secure, efficient, and trustworthy platform for users. Hashlock’s expert auditing services promise to meet and exceed these standards, ensuring a safer and more reliable DeFi experience for all. You can find the full report from Hashlock’s audit here.
To learn more about Balanced and how to use it, visit the website, try the demo, and read the documentation. You can also follow Balanced on Twitter and join the community on Discord.
