Successful Completion of PeckShield Audit — Horizon Protocol Security Update

August 30, 2023

Successful Completion of PeckShield Audit — Horizon Protocol Security Update

We are thrilled to announce that the comprehensive audit by PeckShield, covering both the new features detailed in our roadmap and the existing functionalities within UI V2, has been successfully concluded.

In summary, PeckShield’s audit found no critical issues during the assessment. While the assessment did uncover a total of seven matters spanning from informational to medium risk, we are pleased to inform you that each one of these has been promptly addressed by the Horizon Protocol team.

PeckShield’s findings:

“Overall, these smart contracts are well-designed and engineered, though the implementation can be improved by resolving the identified issues, including 2 medium-severity vulnerabilities, 4 low-severity vulnerabilities, and 1 informational recommendation. “

Further to that, based on PeckShield’s advice, we will be migrating ownership of the protocol admin keys to a multisig wallet contract in the forthcoming weeks. This strategic addition will serve as an extra layer of security, substantially mitigating the risk associated with single points of failure.

The report can be read in full here.

We want to thank PeckShield’s team for their valuable insight and security support. And we are looking forward to continuing this partnership to bolster our ongoing security endeavors.

Additionally, we are actively exploring various avenues to reinforce the safety of the Horizon Protocol.

If you’ve got any questions, please come join us in the community.

Who is PeckShield?

PeckShield is an industry-leading blockchain security company founded in 2018 by former Qihoo 360 Chief Scientist, Xuxian Jiang. Their global team comprises experienced professionals from renowned security groups at companies like Qihoo 360, Microsoft, Intel, Juniper, and Alibaba. Through diligent monitoring, detecting and alerting on Twitter against malicious activity, exploits, hacks, and scams, they constantly protect crypto users. Their track record and expertise make them an ideal choice for this critical task.

Horizon Protocol is a DeFi platform that facilitates the on-chain trading of synthetic assets that represent the real economy. Horizon Protocol seeks to provide exposure to real-world assets risk/return profiles via smart contracts on the blockchain.

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