The Chain code of the decentralised exchange platform dYdX has successfully undergone a full security examination by Informal Systems. The news was first shared on dYdX’s official Twitter account and afterwards repeated by Antonio, the company’s founder. The company’s first objective, and the purpose of the audit, was to guarantee the security and safety of the dYdX Chain software. The dYdX team has reportedly addressed all concerns, per the official blog post.
The audit was conducted by Informal Systems, a company knowledgeable about the Cosmos Ecosystem, in three parts. The x/assets, x/perpetuals, x/epochs, x/sending, x/prices, and x/subaccounts custom modules as well as the liquidation and price-feed daemons were examined in the first phase.
The x/clob module and other customised adjustments to forked versions of CometBFT and Cosmos SDK were the main topics of the second phase. The third and final phase looked at the Bridge Daemon as well as modules like x/bridge, x/delaymsg, x/rewards, and x/vest.
One significant problem was discovered throughout the audit process and has subsequently been fixed. 19 informational issues, 17 low issues, and four medium issues were also detected. Of these, five were deemed to be operating as intended, and 34 were accepted and subsequently rectified.
In addition, dYdX is managing a bug bounty programme for the Chain software, paying rewards of up to $5 million based on the seriousness and eligibility of found flaws. However, problems that the dYdX team is already aware of or those that are noted in the audit are not eligible for the bug bounty