Merlin Lab Passed Certik Audit And Bounty Campaign Phase1 Has Completed!
Auto-compounding yield aggregator on Binance Smart Chain, Merlin Lab reports that they have passed Certik Smart Contract audit.
(photo courtesy of Merlin Lab)
The auditing process pays special attention to the following considerations:
—Testing the smart contracts against both common and uncommon attack vectors.
—Assessing the codebase to ensure compliance with current best practices and industry standards.
—Ensuring contract logic meets the specifications and intentions of the client.
—Cross referencing contract structure and implementation against similar smart contracts produced
—by industry leaders.
—Thorough line-by-line manual review of the entire codebase by industry experts.
Aside from this good news that Merlin Lab shared to the public, and announced that Bounty Campaign Phase 1 has been complete. The platform have receive ab overwhelming support from their community.
Phase 1 of the Bounty Program Overview
Week 1 — The first week of the bounty that Merlin Lab distributed $18,430 to 37 addresses
Week 2 — On the second week they paid out $12,439 to 66 addresses
Week 3 — Merlin Lab paid out $27,061 to 176 addresses
Week 4 — Most recent week, THEY have paid out $15,475 to 97 addresses
In total, Merlin Lab paid out $73,405 over 376 addresses
On the final week of bounty campaign Merlin Lab estimate to reach $100,000 mark for the completion of its bounty program. Week 5 final submission dates are on the 17th of June at 12am SGT and final distribution will be on the following Sunday 20th of June. After this, Merlin Lab will conclude the first phase and pause the bounty campaign as they will focus on other aspects of the project. But if you have missed out on the amazing rewards, Merlin Lab will be holding a second phase of the Bounty Campaign for the remainder $100,000 in the future with brand new bounties
ABOUT MERLIN LAB
Merlin is an auto-compounding yield aggregator with an ecosystem optimized to focus on safe and sustainable maximum yield return. Merlin takes care of gas costs, APY tracking, optimal yield strategies, security with the goal of maximizing DeFi users’ yield farming at the lowest possible cost
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