Decentric

Summary

Decentric contracted the services of Resonance to conduct a comprehensive security audit of their smart contracts between May 7, 2024 and May 21, 2024. The primary objective of the assessment was to identify any potential security vulnerabilities and ensure the correct functioning of smart contract operations.The Decentric IDO platform is a fair launchpad platform for projects to offer ERC20 assets directly to their early users via IDO. Users are eligible for rewards based on their on and off-chain reputation and activity within the protocol.The system is composed of several components, the most important one being the launchpad where all the logic for handling and validating IDOs is. Additionally, the launchpad interacts with a lottery contract where tiered winners can claim ERC20 token rewards based on Chainlink VRF random numbers. The rewards can then be claimed or staked to get further access to the platform.The protocol is meant to be deployed on Ethereum and EVM-compatible chains such as Arbitrum where DCEN tokens can be bridged back and forth via a LayerZero User Application with implemented antibot protection mechanisms.