Jun 28, 2024
TonBit Completes Audit of Tradoor
TonBit, an early builder and security expert in TON, has successfully completed a detailed audit of Tradoor, the first NDMM (Non-Directional Market Maker) exchange in the industry. This audit assessed various aspects of the platform, which employs advanced mathematical models and robust safety measures to enhance trading confidence.
Tradoor is at the forefront of the decentralized finance (DeFi) sector, offering up to 100x leverage on Bitcoin and Ethereum Perpetuals. Its platform is designed with scientific pricing models to protect traders, liquidity providers (LPs), and the protocol from volatile market shifts. Additionally, Tradoor features rigorous risk control measures for liquidations and a battle-tested Auto Deleveraging (ADL) system to act as a fail-safe during extreme market conditions, thereby minimizing counterparty risk and enhancing solvency protection.
Audit Findings
The audit revealed a total of 13 vulnerabilities, categorized as follows:
- Informational: 1
- Minor: 4
- Medium: 3
- Major: 5
- Critical: 0
All identified issues have been addressed and resolved to reinforce the platform’s security architecture.
The complete audit report, which provides an in-depth analysis and summary of the findings, is available for public review and can be accessed here: https://www.tonbit.xyz/reports/Tradoor-Smart-Contract-Audit-Report-Summary.pdf
About TonBit
TonBit, a subsidiary brand of BitsLab, is a pivotal security division deeply engaged in the infrastructure and security audits of the TON ecosystem since 2021. Also supported by TonX Studio.