Cub Finance's Audit report is in.

in LeoFinance12 days ago

Cub Finance has been audited by Certik, and the results are in. Overall, the project rates very highly and live monitoring currently rates Cub Finance with a 92 score. Let's take a closer look at what this means, and how this rating will continue to improve over time.

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The full report:

You can find the complete detailed report at this link. I am the wrong person to deep dive in to the technical details, but my non-dev assessment is that it all sounds pretty good. The issues that were raised in the report have all been addressed, with all but one fixed and the last one acknowledged. Like I said, I don't really understand it all, so I won't dive in much more than that.

Live monitoring:

The great thing here is that the project will be monitored on an ongoing basis. Certik is well respected and through regular automatic checks, we will have confidence that Cub remains safe. As a community, we already knew that Cub was safe from Rug pulls, but its nice to know that the likelihood of other exploits or attacks is low.

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So, how does Cub compare?

Cub's overall rank is 118, but I have no idea how that is measured. More importantly, is the score ranking. To see were we stand, I clicked on the score tab of the leading projects, and it puts them in order of score. First good news is that Cub is on the first page, and when you count down the list it is in place number 25.

Of particular interest is what other projects are similarly rated:

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I'm delighted to see that Cub has the same rating score as Band Protocol (a top 150 crypto), Bancor (one of the first AMM protocols, predating even Uniswap) and is 1 point ahead of Tether. I'm not too sure if that is really something to promote, but given Tether is a $40 billion project, it's bragging rights for sure.

Looking further up and down the list, PancakeSwap is only 1 point ahead with a 93 score, and Cub easily outranks many other Binance Smart Chain projects. Most interesting is that Goose Finance, the base that Cub was forked from, rates a score of 85. To know that Cub has a much higher ranking than Goose, one of the leading BSC projects, is greatly reassuring.

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Room For Improvement.

Cub's 92 score can very easily rise, with one key area of underperformance. The main issue here is not even a problem, it's just that Cub is only newly being monitored, and this metric has not been tracked with enough data yet.

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The main thing holding Cub's score from an even higher ranking is the "Market C=Volatility" score. This is in progress, and monitoring trading volume/liquidity/depth. I would assume that as Certik continue to monitor these metrics over time, that score will improve. Not entirely sure, but that measure seems to be the major opportunity for continued improvement in Cub's score over time.

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Overall, the Audit result is excellent news for Cub Finance. It's exciting to see that Cub rates almost as high as PancakeSwap - the pioneer on BSC, and much higher than Goose, the base layer Cub was cloned from. This shows that @khaleelkazi and his team have taken the safety and security of Cub Finance very seriously, and worked hard to provide us with the most secure platform they possibly can. This high rating should also serve to reassure the BSC crowd, now we just have to get the word out.

Thanks for reading,

JK.

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Nice man. I am sure the lagging score matrices are gonna improve with time.
Audit report serves as a nice PR scheme. And as for the rest of us(leo believers), we believe in Khal regardless of what audit report tells.

Moon Soon!!!

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Thanks for posting this very useful information mate.
I'm a new Cub Finance user and am enjoying the whole platform so far.
Personally speaking, I find that there are too many operations to get my funds out of Binance into my CUB Farms.
Luckily, the BSC gas fees are so low, could you imagine doing this on the ETH blockchain? LOL.

This is how I go:

From Binance (BNB) - BEP20 - Trade 50% CUB and 50% BUSD - Then create CUB-BUSD liquidity - Then stake in the required Farm.
Hopefully, there will be the chance to bypass some of these steps and go straight from Binance and Hive Engine into the Farm Pool.

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Welcome to the platform.

I definitely could not imagine doing this on ETH. I looked at AVE when it was #100 on coinmarketcap. I joined their discord and had people complaining about fees even way back when.

Kept me out of the defi game until CUB.

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This is awesome. Another milestone achieved. I hope this serves as another stepping stone for Cub Finance. Adds to the credibility of the project among BSC users.

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Hopefully Cub Finance will gain some visibility and credibility over time. It's great to see Khal and the team have made the effort to provide us with the safest platform they could.

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They are doing an awesome job!!!! I am sure they will scale this project to the new highs.

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I feel better about my investment even more now.

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Its definitely reassuring to know Cub rates well compared to similar alternatives.

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I would expect with such a good result compared to peers this may result in some more money flowing, hopefully we will see demand for CUB rise on the back of this.

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Let's hope so. Getting the word out will be key.

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damn re assuring. now integrate chainlink in some frivalous way so we can take it super seriously

Amazing
but still need somethings to work on
keep going cub

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No doubt there is still lots to do, but its great to see that the base is strong.

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Great news, Thanks for sharing.

Wen moon?

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Soon tm

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Certik audit is an amzing stamp to a project. We're going to mars from here!

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I noticed that, I guess as it gets regularly monitored it will fluctuate. 89 is still pretty good.

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I think it should be higher (pancake is 95 - now the highest). Anyway, I don't know what that number means. I would like an explanation of it. Is it enough or not enough, who knows? Are we in danger of having anything there, of any danger of someone hacking it? That's what I want to hear. I want to put more funds in there, but I still don't know ...

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This is good, it means that we have to stay growing, no stagnation.

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Thanks for pinpoint people's eyes on this "must read"
..........

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I think its important to get the word out, Khal may be busy, but we as a community can help. Thanks for your support.

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Yes! Instead of constantly asking WEN, doing our part.

Thank you.

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Exciting to see this. More and more people may join up now.

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It is exciting. Hopefully this helps Cub build over time.

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I saw the news on the leofinance official Twitter page yesterday and I was overly happy. This is something that has stalled for the longest time now and many have complained about it. So it is nice to have that out of the way. Now we can focus on getting the word out there.

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@LeoFinance This is awesome .

I am new on this platform , I like your post so much .

I request you to give me some tips to be successful on this platform .

Thanks for your kind words. Best advice I can give is to not expect things to be easy. Alot of the successful accounts you see have been working for years to build up their audience. This isn't a "get rich quick" opportunity.

Best of luck.

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Thanks a lot ..
Keep me in prayers.

This is very interesting and gives me even more faith in the project 💯

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It definitely boosts confidence. As part of the community we already kind off knew it was safe, but good for outsiders to be able to verify it's legit.

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Don't think the audit's going to move prices although its good to know there were no major issues. Still early days yet so its all about getting the word out.

I guess in the short run it won't do alot. It boosts the credibility overall and that should be of long term benefit.

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Definitely... passing an audit should be the minimum standard so good job Cub!

Thats amazing work to be honest. For a project that's only been around for a short period.

I better get in quick before market exposure, this will surely lead to exchange listings and a $20 by end of 2021

I don't think it will be quick. Leofinance took a while to build it's usage. Slow, consistent development and growth will set Cub apart from the competition.

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It's a good report, it's actually really easy to understand even without a tech background.

Think there were issues around pooling the same LP token twice. Not sure if that's resolved but it must not have been that big of an issue to get a top score.

Other stuff a null regarding mastechef, I wouldn't anticipate CUB going 100% decentralised until it is fully operational and issues all resolved.

Other stuff are null* I.e. not an issue

I'll be curious if this fuels any growth or not and how much people watch these type of score cards. If anything though it could be used as a very good PR move for CubFinance to gain additional exposure.

Hopefully it does. I'm not sure either if the BSC people really follow this, or if they are just chasing maximum returns and try to get in and get out quick. It certainly marks Cub as safer than most, and that has to boost the credibility, and hopefully visibility of the project over time. Definitely good news worth spreading.

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It was worth the wait. This looks very good. Like you, I'm no technical analyst but I am fairly good at numbers. 92 and Excellent on the Safety Assessment makes me very happy. As does the 95 on Governance and Autonomy. To my undereducated brain that seems to translate into very little chance of hacks or rug pulls. Time to buy some more Cub.... :-)

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Almost top 100..impresive

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Think this came at a good time, it seemed to stabilise the drop in Cub that was happening yesterday.

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This is a great first step before grinding and getting up the Top Crypto's ladder !

Onwards and Up we go !

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to see that Cub rates almost as high as PancakeSwap - the pioneer on BSC, and much higher than Goose
great news that shall be marketed all over the place!

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Thanks for writing about this audit report being published. I wasn't aware. I hope some areas will keep being monitored. Only 14% positive sentiment and 82% neutral sentiment on Twitter in the last two days on Leofinance account? Common!

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Good news !

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I have been waiting for this report to come out, thanks for sharing @jk6276. Some bedtime reading it seems.

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I lol'ed about the "Not sure if being better than Tether is a good comparison" XD True Dat.
Congrats. Also, Certik is definitely one of the most respected auditors out there. Everything keeps its intended pace with Cub, I'm definitely bullish.

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Audit reports are essential for the Defi world to build trust. In this case, it complies with the basics but the volatility issue worries a bit. We will see how it develops.

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Idk but it`s time to buy more CUBs

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That's so PogChamp :D

I'm currently all in CUB

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I made two of new friends to become #DeFi farming with $CUB

My little contribution towards improving the score Market Volatility score.

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Excellent results !! Prouder than ever to be part of Cub Finance !!

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We're mainly loosing points due to "Market Volatility". This is something that is much easier to get better than any security vulnerabilities'. Volatility is actual better tha a stable price. I'm looking to HODL for long term anyway. When prices go down; it's time to buy!

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That‘s awesome news!
I just added in the DEN a few days ago.

I will keep stacking.

Bright future ahead☺️

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Of course Cub is volatile it is a brand new asset. Looking forward to seeing this score rise

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Good analysis, thanks a lot!

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