Developers Forum for XinFin XDC Network

Discussion on: [Proposal] Request for Proposal to Audit XDC2.0

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Daniel DeFiMoon • Edited on

The Defimoon security expert team is pleased to offer a professional and comprehensive audit of the XDC2.0 consensus mechanisms.

Our team of cybersecurity experts, blockchain developers, and auditors have extensive experience in researching, analyzing and designing blockchain networks consensus protocolsand decentralized applications. As a result, we are well-positioned to help ensure the security compliance and performance of XDC2.0

By engaging in a systematic, structured audit process that covers risk assessment, codereview compliance, performance evaluation, security assessment, testing, and reporting, we aim to provide XDC with the necessary insights, guidance, and recommendations to maximize the security, performanceand compliance of your consensus mechanism

As cybersecurity and blockchain experts, Defimoon is committed to helping you ensure a robust, dependable, and efficient consensus mechanism that strengthens the foundation of your blockchain network.

Scope of work
Defimoon will focus on auditing the consensus of all modules in the XDPoSChain repository

Methodology

  1. Risk Assessment:
    Identify potential risks, analyze their likelihood and impact, and develop risk mitigation strategies.

  2. Code Review:
    Examine the source code for vulnerabilities, flaws, and optimization opportunities, utilizing manual and automated analysis while assessing dependencies and suggesting security-focused code improvements

  3. Compliance Review:
    Evaluate alignment with relevant industry standards, best practices, compliance processes, and backup and recovery mechanisms.

  4. Performance Evaluation:
    Analyze transaction throughput, latency, and resource usage to identify bottlenecks and optimization areas.

  5. Security Assessment:
    Review encryption, authentication, access control, network security, and incident response to identify potential vulnerabilities and suggest improvements

  6. Testing:
    Conduct functional, performance, security, edge case, and stress tests to assess the consensus mechanism's resilience and robustness in various scenarios

  7. Reporting:
    Present a comprehensive report containing detailed findings, recommendations, risk assessment summary, test results, and supporting documentation for the XDPOSChain consensus mechanism audit.

Workforce
We recognize the importance of XDC2.0 and the seriousness of the consensus mechanism update, therefore we are allocating 5 experts for the project audit: 1 Blockchain Consensus advisor (Professor in Mathematics & Computer Science), 2 Senior Solidity Devs, and 2 CyberSecurity Specialists.

Timeline
Considering the importance of auditing the consensus, as it is the foundation of any blockchain's operation, we plan to conduct an audit of XDC2.0 over 4-6 weeks. If time is a priority for the XDC team, we are happy to accommodate your requirements and reduce the audit duration to 3 weeks. However, based on our experience, auditing the consensus often requires additional time for more detailed further testing.

Fee scheme
This task will take approximately 400 hours of work from our specialists: senior solidity devs, senior cybersecurity team, and a professor in mathematics. Given the qualifications and size of the team we are dedicating to XDC2.0, the cost of auditing the consensus will be $55,000.

This amount can be divided, for instance, into 4 iterations and paid after each week of our audit process. I suggest the following payment scheme:
15% upfront after signing the contract, followed by weekly payments of $11,690, in accordance with the progress we will be making.

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Daniel DeFiMoon

The company has been operating since 2020 and has taken a leading position in auditing the cybersecurity of DeFi protocols.
Defimoon's expertise is growing due to constant practice in developing successful DeFi projects on leading ecosystems: Algem.io ($12m in TVL) on Astar Network, HaqqPad on Haqq Network, and KYC Systems on Moonbeam.

Our cybersecurity services are trusted by industry leaders with tens of millions $ in TVL, including Inverse.finance, ComTechGold, XDCS, BitMart Exchange, Metavault, Dexfinance, and Spherium.

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Daniel DeFiMoon • Edited on

There are two crucial points I'd like to communicate to the XDC team:

  1. We would like to offer audit insurance coverage up to $500,000. Defimoon partners with a leader in crypto project insurance, and we're ready to provide you with flexible terms for this service.

  2. Security Subscription. This is an effective model we've employed with Inverse Finance – throughout the subscription period, XDC can send us multiple repositories and smart contracts one by one, and we will conduct audits without additional charges. You pay once and get unlimited audits.

Regarding our offer on the xdc dev website, I want to reiterate that our team genuinely operates at the highest level of quality. Defimoon is more flexible; our team is available to answer your questions and engage in regular calls with the XDC team; we have enough expertise on board to perform a high-quality audit of an entire blockchain.