Ethos Audit — Ocean Stake
This Audit was conducted Ethos development teams. The following summarizes the details of the full Audit report provided to the client, the Ocean Stake project.
Overall audit result: POSITIVE
Ethos’ audit of the Ocean Stake smart contract has concluded with a POSITIVE/PASSING result.
Ocean Stake team has produced a smart contract that adheres to the security measures known to reduce risks among known EVM/Solidity smart contract attack vectors.
For the full detailed audit report, click here.
Result Summary
Ethos‘ audit of the Ocean Stake smart contract has concluded with a PASSING result, meaning the contract is mostly safe from external threats. The initial review identified several low risk and informational items that have been acknowledged by the team.
None of the issues require a redeployment of the smart contract since the issues don’t represent any significant risk to the value locked within the contract. The remaining report includes all issues identified in the initial review, as well as the revised status post resolution by the team where applicable.
- The smart contract is BNB rewards contract on the Binance Smart Chain, containing several advancements and modifications from the miner meta
- It allows users to deposit BNB into the contract which are time-locked on deposit and redistributed to users over time
- The rate of redistributions depends on the length of time that funds are kept in the contract and varies based on the rate of increase of total value locked, 5% daily rewards max (%1 base + %2 hold bonus + %2 balance bonus), Max 200% rewards payout
- There are various levels of referral bonuses up to 8% (1st level 4%, 2nd level 2%, 3rd level 1%, 4th level 1%)
- There is a 10% fee applied to deposits, no fees on compounding or withdrawals
- The contract cannot be closed or shut off at any point after deployment
To conclude, this smart contract does what it is designed to and does not contain any backdoors or owner privileges allowing the contract owner to unexpectedly stop or drain the contract of its locked value.
About Ocean Stake
OceanStake is a crypto staking platform, their goal is to expand the DeFi ecosystem, specifically on the Binance Smart Chain, while providing users with various strategies to maximize returns while minimizing risk.
Website: https://oceanstake.net/
Telegram: https://t.me/oceanstake_official
Contract: https://www.bscscan.com/address/0x3fb39de0e9e344733723a7f7358132bdc0cf33d0
About Ethos
Ethos is a a wholistic crypto services organization which specializes in bringing additional security to the crypto space by applying a proven and standardized approach to token and platform smart contract auditing.
Ethos’ team of experienced developers bring decades of development and code auditing history from the traditional software development world.
The code review conducted for Ethos audits follow the following structure:
- Review of specifications, documentation to assess smart contract functionality
- Manual, line-by-line review of code
- Code’s adherence to functionality as presented by documentation
- Automated tool-driven review of smart contract functionality
- Assess adherence to best practices
- Provide actionable recommendations
Website: https://www.ethosproject.io/
Telegram: https://t.me/TheEthosProject
Twitter: https://twitter.com/EthosProjectBSC
