Re: USSD (Autonomous Secure Dollar) - Unfreezable, Multi-Backed by Crypto Stablecoin
There is something that i am still not convinced and not sure how it will be handled in the future.
1. Could you elaborate on the scope and thoroughness of the Sherlock team's audit?
Sherlock's audit is renowned for its meticulous examination of smart contracts. Our code underwent a rigorous review, resulting in 900+ suggestions from 70+ Sherlocks. We're also preparing for another anonymous audit with a prominent auditor, in which we're implementing a three-iteration review system. Ensuring code safety is our priority, and we're open to further audits if necessary.
Do you have any audit report from sherlock team. It should be publicly available in the website so that there won't be any lack of transparency regarding audit outcomes and how you fixed the issue.
You have said there will not be any governance because it will weaken the autonomy but i believe it will be an issue in the future. Locking the code and make it immutable will enhance the security but it will sacrifice the adaptability in the changing market conditions.
Solely depends on saving and donation will not be sustainable in the long run. What will happens to the project if team spend all of its savings and donation funds and there is not left over to spend more? I think this is the biggest issue for the project.
1. Could you elaborate on the scope and thoroughness of the Sherlock team's audit?
Sherlock's audit is renowned for its meticulous examination of smart contracts. Our code underwent a rigorous review, resulting in 900+ suggestions from 70+ Sherlocks. We're also preparing for another anonymous audit with a prominent auditor, in which we're implementing a three-iteration review system. Ensuring code safety is our priority, and we're open to further audits if necessary.
Do you have any audit report from sherlock team. It should be publicly available in the website so that there won't be any lack of transparency regarding audit outcomes and how you fixed the issue.
3. Will you elaborate the way of making governance decision? How are you going to face the governance voting manipulation?
We believe governance could weaken autonomy, so we plan no governance. Once we ensure the code is safe and optimally functioning, we will lock it up and make it non-upgradable. Thus, even if the founders disappear, the stable will continue to operate.
We believe governance could weaken autonomy, so we plan no governance. Once we ensure the code is safe and optimally functioning, we will lock it up and make it non-upgradable. Thus, even if the founders disappear, the stable will continue to operate.
You have said there will not be any governance because it will weaken the autonomy but i believe it will be an issue in the future. Locking the code and make it immutable will enhance the security but it will sacrifice the adaptability in the changing market conditions.
5. As a non-profit entity, how are you going to maintain the project's operational cost?
The USSD project will be supported by our savings and donations. Once the contract is non-upgradeable, operational costs will be negligible, with the community and users covering necessary expenses.
I'm here to answer any further questions you might have!
The USSD project will be supported by our savings and donations. Once the contract is non-upgradeable, operational costs will be negligible, with the community and users covering necessary expenses.
I'm here to answer any further questions you might have!
Solely depends on saving and donation will not be sustainable in the long run. What will happens to the project if team spend all of its savings and donation funds and there is not left over to spend more? I think this is the biggest issue for the project.