XCarnival Flagship Product XBroker Passes Safety Audit

XCarnival, an artificial asset aggregator for decentralized finance, noticed its flagship product go an necessary credibility check this week. XBroker, a product that permits customers to borrow cash whereas utilizing NFTs as collateral, handed a safety audit from famous agency Certik this week.

The safety audit of XBroker was performed in an effort to establish any underlying vulnerabilities that would threaten the protection of consumer belongings, Certik mentioned. Utilizing a mixture of static evaluation and guide evaluate methods, Certik scanned XBroker’s codebase utilizing a line-by-line guide evaluate course of adopted by an evaluation to make sure the code complies with all the present business requirements and greatest practices. They then assessed whether or not the contract logic meets all of the specs and intentions of XCarnival. Good contracts had been examined towards widespread and unusual assault vectors and their construction and implementation had been in contrast with these of business leaders.

The audit revealed there have been no vulnerability points with XBroker’s supply code, Certik mentioned. Nonetheless, the sensible contract protocols had been discovered to have two main vulnerabilities and two medium vulnerabilities. One among every of the foremost and minor vulnerabilities was resolved and the remaining had been acknowledged. 4 minor points had been additionally recognized later, of which three had been resolved and one was acknowledged. Certik additionally recognized three informational vulnerabilities with XBroker.

XBroker acquired a rating of 94% by Certik consultants together with recommendations and suggestions that may assist enhance the protocol.

“The safety audit exhibits that we’re heading in the right direction with our product growth,” Xcarnival CEO Leon Liu mentioned. “It additionally helped us mitigate some main vulnerabilities and offered scope for additional enchancment of XBroker. Our technical workforce is working in the direction of the suggestions made by Certik and we are going to proceed to extend our total safety ranges and make sure the security of customers’ belongings.”

XCarnival can also be working in the direction of lowering the extent of centralization of its product, the corporate mentioned.