Bi-weekly update #4
We have decided to publish our bi-weekly update for Strips slightly earlier this week, as many supporters and community members are keen to learn more about our progress. It’s heartening to see the number of people closely following our progress and want to learn more. We also appreciate the long-term hodlers and supporters who have been with us since the beginning and who are joining us as new zealots in our mission to define DeFi 2.0.
- STRP price: $6.01 (-25.34% 📉)
- STRP circulating supply: 2,382,122
- STRP circulating market cap: $14,513,411
- Number of holders: 1,151
- Twitter followers: 19.9k (+1,000 🔼)
The team are making great progress towards completing the features and internal testing. Due to the sheer complexity and number of code lines in our smart contracts, we employ the highest standard of safety and security in our code.
As such, we have already completed one technical audit with Certik with no critical bugs found. We are currently undergoing a second audit with Peckshield. While audits can find bugs from static analysis. However, they fall short when testing for economic attacks such as flash loan and oracle manipulation — most projects launch with just one audit or sometimes with no audits at all. However, at Strips we believe that security is the most important thing to get right when building the protocol. We have seen too many horror stories from other protocols getting hacked from not using best practices or just deploying in production without testing. We develop using a test-driven development process (TDD) and have a 122 step integration testing process that checks all edge cases and vulnerabilities every time we push new code. To come up with 122 step integrations, we have simulated more than 7,000,000 transactions to traverse all possible situations and classify them into 122 steps.
We are continually adding new test cases to our TDD process. The benefits of using this approach will compound over time as it will make it exponentially easier and quicker to verify and test new code in the future.
Checklist for November-December:
- [x] Complete core smart contracts
- [x] Complete internal tests
- [x] Complete v7 logic tests
- [x] Complete v8 logic tests
- [x] Complete economic simulation whitepaper
- [x ] Complete economic simulation in code
- [x] Frontend completion
- [ ] Frontend internal User Acceptance Testing (UAT)
- [ ] Frontend closed beta UAT
- [ ] Complete 2 audits (1/2 done)
- [ ] Audit oracles
- [ ] Public hackathon
- [ ] Frontend public beta
🎉 MAINNET LAUNCH
Our smart contracts have been audited by Certik. You can download our Certik audit report.
STRIPS is currently hiring for several roles. Interested applicants can email their resume and cover letters to firstname.lastname@example.org.
To learn more please visit the project’s website at https://strips.finance/ or follow the project on
Any past performance, projection, forecast or simulation of results does not necessarily indicate any investment’s future or likely performance. The information and publications are not intended to be and do not constitute financial advice, investment advice, trading advice or any other advice or recommendation of any sort offered or endorsed by Strips Finance.