Backters Protocol Smart Contract Audit

Project Background

  • The BKD777 is the standard ERC777 token whose mint and burn are controlled by redemptionController.
  • USDBK777 Contract  is a smart contract, having functions like destroy, send, burn, batchTransfer, globalOperators, authorizeGlobalOperator, etc. 
  • The USDBK777  contract inherits the IERC20, ERC777, SafeMath standard smart contracts from the OpenZeppelin library. 
  • These OpenZeppelin contracts are considered community-audited and time-tested, and hence are not part of the audit scope.

Executive Audit Summery

  • According to the standard audit assessment, Customer`s solidity smart contracts are “ Secured”. Also, these contracts do contain owner control, which does not make them fully decentralized.
  • We used various tools like Slither, Solhint and Remix IDE. At the same time this finding is based on critical analysis of the manual audit.
  • We found 0 critical, 0 high, 1 medium and 2 low and some very low level issues.
  • All the issues have been fixed/acknowledged in revised contract code.

Audit Report in PDF

Audit Report Flip book

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