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StormYield Uses Solidproof.io For Audit

StormYield Uses Solidproof.io For Audit - Hi everyone, this time we will try to summarize a new great project, namely StormYield. StormYield Finance is an excellent staking service with unique elements designed to provide great benefits to $STY holders. StormYield Finance (STY) offers a decentralized financial asset that rewards its holders with sustainable, compound interest income through the use of the unique STY protocol.

With the aim of providing investors with the most stable and secure staking service, the StormYield team has worked closely with some of the most renowned Audit units in the crypto field. On April 5, 2021, Storm Yield Finance was audited by Solid Proof. All reports are issued and now you can find them: here


Project Engagement

During April 04, 2022, the Storm Yield Team engaged Solidproof.io to audit their smart contracts. The engagement is technical in nature and focuses on identifying security weaknesses in contract design and implementation. They give Solidproof.io access to their code repository and whitepaper.


Important Information

STY swept the Defi world with its unique Storm Yield Protocol, which offers a decentralized financial asset that rewards its holder at a continuous, fixed compound interest. Buy-Hold-Earn $STY for APY remains the highest in Crypto, plus every 5 minutes. Watch your portfolio grow faster than direct lighting in your wallet.


Unique Elements

StormYield Finance is an outstanding staking service with unique elements designed to bring huge benefits to $STY holders.

  • Secure staking service: 5% of all trading fees are kept in the STY Insurance Fund which helps sustain the staking rewards by maintaining price stability.
  • Highest and easiest Staking: Staking with StormYield Finance becomes easier than any others. Investors just need to hold to earn $STY with the highest APY at 669,212%.
  • Lighting speed rebase rate and payment: $STY holders will receive a reward every 05 minutes (288 times/day), making STY the fastest auto-compound finance platform in the crypto world.
  • Auto burn: One of the most unique features is the lightning rod - a progressive burning mechanism. STY Lighting Rod protects the STY protocol by reducing the circulating supply and maintaining a higher STY price over time. 


Audit Strategy and Techniques

The SolidProof.io report does not, nor should it be construed as an "attestation" or "rejection" of a particular project or team. These reports are not, and should not be considered, an indication of the economy or value of any "product" or "asset" created by any team. SolidProof.io does not cover integration testing or auditing with external contracts or services (such as Unicrypt, Uniswap, PancakeSwap, etc).

The SolidProof.io audit makes no warranties or guarantees as to the absolute bug-free nature of the analyzed technology, nor does it give any indication of the owner of the technology. SolidProof audits should not be used in any way to make decisions around investments or involvement with a particular project. These reports do not in any way provide investment advice, nor are they used as investment advice of any kind.

The SolidProof.io report represents an extensive audit process aimed at helping our customers improve the quality of their code while reducing the high level of risk presented by cryptographic tokens and blockchain technology. Blockchain technology and cryptographic assets present a high level of ongoing risk. SolidProof's position is that each company and individual is responsible for their own due diligence and ongoing security. SolidProof in no way claims to guarantee the safety or functionality of the technologies we agreed to analyze.

During the review process, attention is paid to evaluating the repository for issues related to security, code quality, and compliance with specifications and best practices. To do so, review line by line by our team of expert pentesters and smart contract developers, who document any issues found.


Methodology

1. A code review that includes the following:

  • Review the specifications, resources, and instructions provided to SolidProof to ensure we understand the size, scope and functionality of the smart contract.
  • Manual code review, which is the process of reading the source code line by line in an attempt to identify potential vulnerabilities.
  • Comparison to specifications, which is the process of checking whether the code does what the specifications, sources, and instructions provide to SolidProof describe.
2. Testing and automated analysis that includes the following:
  • Test coverage analysis, which is the process of determining whether the test cases are actually covering the code and how much code is exercised when we run those test cases.
  • Symbolic execution, which is analyzing a program to determine what inputs causes each part of a program to execute.
3. Best practices review, which is a review of the smart contracts to improve efficiency, effectiveness, clarify, maintainability, security, and control based on the established industry and academic practices, recommendations, and research.
4. Specific, itemized, actionable recommendations to help you take steps to secure your smart contracts.


Scope of Work/Verify Claims

The above token Team provided us with the files that needs to be tested (Github, Bscscan, Etherscan, files, etc.). The scope of the audit is the main contract (usual the same name as team appended with .sol).
We will verify the following claims:
  • Correct implementation of Token standard.
  • Deployer cannot mint any new tokens.
  • Deployer cannot burn or lock user funds.
  • Deployer cannot pause the contract.
  • Overall check-up (Smart Contract Security).


Conclusion

That's what we can present to you, basically StormYield sweeps the Defi world with a unique protocol, while offering a decentralized financial asset that rewards its holders with a continuous, fixed compound interest. This is what is taken as a step forward for a project in order to achieve the achieved vision.

In addition, the STY Team developed the STY DAO ecosystem, which allows the STY community to collectively invest in private sales and expensive assets. STY DAO will focus on investing in Blue-chip and NFT gems as well as Music and Gain trends and Metafi projects.

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