SubDAO Audit by SlowMist: A Move Towards Proper DAO Governance
In the land of blockchain and Web3, there are often tales that go around. Tales about frauds and incompetent projects, of individuals that sell false hope and lofty capabilities. These tales are getting more rampant with multiple cases of institutions or projects folding up after assuring individuals and other projects about the ability to deliver on their promises.
It is for this very reason that audit of projects is very important. It brings a level of certainty and verifiability to a project. You can, to a great extent, put your faith in and commit your resources to a project that has been audited. This is why SubDAO took steps to make sure that they were properly audited and cleared by one of the biggest blockchain security firms around.
For the new readers, basically the new kids on the block, it would be best to introduce SubDAO once again. SubDAO is a multi-chain DAO protocol that allows chains to quickly implement DAO functionality and allows DAO to execute various decision-related transactions. SubDAO enables DAOs of any size to boast of a rich and complete DAO governance toolchain, enabling decentralized governance across all industry sectors.
Their ultimate goal is to integrate DAO governance into all aspects of life, creating a level playing field and allowing everyone to freely express their opinions. It enables any decentralized organization to create and manage DAOs quickly. SubDAO intends to be a Web3.0 entry point by offering blockchain-based digital agreement signing, DAO social networking, asset management, and other tools and services.
They chose to conduct the audit process because of these goals and the purpose of SubDAO. With the audit comes complete transparency and assurance that all SubDAO products are well organized to meet the needs of individuals. On that note, the SubDAO team selected SlowMist, a blockchain security firm, to conduct the audit.
SlowMist is a Blockchain security firm founded in 2018 that offers services such as security audits, security consultants, red teaming, and more. SlowMist has over 800 commercial clients and serves many major or high-profile projects around the world with “integrated security solutions from threat discovery to threat prevention.” SlowMist technology’s security solutions include security audits, threat intelligence (BTI), vulnerability rewards, defense deployment, security consultants, and other services. It also has SaaS security products like cryptocurrency anti-money laundering (AML), false recharge vulnerability scanning, and so on, which have been widely concerned and recognized by the industry.
The SlowMist audit team performed due diligence by thoroughly testing and analyzing the SubDAO protocol’s smart contract code in terms of code logic, business logic, attack vulnerability testing, contract complexity analysis, code commonality, and on-chain data security. The security of the SubDAO contract was significantly improved as a result of this audit, which accelerated the SubDAO mainnet deployment. SubDAO has begun deployment and integration testing of the new version of the dApp update and anticipates releasing the public test version soon.
All of this just shows SubDAO’s commitment towards providing the best DAO systems for organisations. With this audit completed, SubDAO has ensured the blockchain community that they are in fact legit and are only concerned with the furtherance of DAO integration into today’s corporate setting.