Contracts & Security
You can find the list of contracts in our github link here.
xBank is committed to maintaining the highest standards of security and reliability for its users. While our current contracts have not undergone a separate security audit, it is important to note that they were forked from Compound Finance, a renowned and well-established DeFi protocol with an exceptional track record in terms of security. By utilizing Compound Finance as the basis for our contracts, we leverage their expertise and benefit from the extensive security measures already in place.
In addition, xBank has a stringent internal code review process in place for every new feature release. Our team of experienced developers rigorously reviews the code to identify and address any potential vulnerabilities before deployment. This internal review process ensures that our contracts are subjected to multiple layers of scrutiny, further enhancing their security and reliability.
As xBank continues to grow, we recognize the need to go beyond relying solely on the inherited security measures. We are fully aware of the constantly evolving nature of the blockchain ecosystem and the importance of proactively identifying and mitigating potential vulnerabilities. Therefore, our team is committed to working with a third party audit firm to conduct thorough security audits on our contracts once new features are introduced.
We are in the process of setting up a formal Bug Bounty program with Immunefi with a maximum reward of $50k for critical vulnerabilities. The program will help add another layer of security to our contracts. The community and whitehats will be incentivized to look for potential vulnerabilities that might have not been identified in the audit. We will make an official announcement once the bug bounty program has been set up.