Disclaimer: The results shared herein were formulated after thorough research by Arcadia. The auditors did not find any issues in the Poolz smart contract. While we’re pleased to see the results, we realize that there is always room for errors and discrepancies.
This post will be updated once in a while according to the audit updates that the company performs – Updated as of 01/2023
Recently, Poolz launched an Ethereum-based (ERC-20) POOLZ token to complement the growing DeFi space and approach liquidity in this increasingly tokenized world. In order to make sure that our platform and this new ERC-20 POOLZ token meet all the standards, Poolz went under an independent security audit of its smart contract by Arcadia. We are pleased to announce that there are no errors found and nothing to worry about. That means our smart contracts are safe and secure to use. This is great news for the team and our community.
What does audit mean?
Currently, two types of audits exist. In the first one, a qualified software engineer reads the code and looks for issues in it. It is important to go over the code through multiple sets of eyes, so there is no room for errors.
The other type is formal verification, wherein a computer program runs the code through a specially designed system to look for errors. This type of audit is more accurate as there are fewer chances of overlooking mistakes as compared to human audits..
For Poolz smart contract audit, Arcadia’s focus was to verify that the smart contract system is secure, resilient, and working as per the defined specifications. The audit activities can be combined in three categories:
- Security — Identify issues related to the security within each contract as well as within the system of contracts.
- Sound Architecture — Evaluate smart contracts architecture through the lens of established software and best smart contract practices.
- Code Quality — A complete review of the contract source code, with a focus on correctness, readability, sections of code with high complexity, and quality of test coverage.
Why is it important?
Unlike traditional software, smart contracts can’t be changed or upgraded upon finding a problem, mainly because their code resides on the Ethereum blockchain. If the auditors find any bug in Poolz’s smart contract, it’ll be next to impossible to do anything about it. However, if the audit is completed without errors, the code will remain immutable for life on the Ethereum blockchain.
Results of the Audit
Arcadia performed thorough testing of Poolz contracts starting with the analysis of code design patterns to ensure the smart contracts are well structured. Also, the safe use of third-party smart contracts and libraries was reviewed.
The results Arcadia produced through their audit found no issues with our smart contracts, for our community and for us, this is great news.
Here is the link for our Smart contract
And you can go through the audit results in more detail by clicking on the link below:
January 2023 update:
Refer to Pages 6-8:
June 2022 update:
March 2022 update:
May 2021 update:
March 2021 update:
Poolz will continue to update also in the next audit
