Thread by @DefiSafety

1/9 Impossible Finance has defied the realms of reality this past month, raising its score to an outstanding 94%. With brand new documentation to showcase information of vital importance, the team has shown a commitment to expert-level process quality 🧵⬇️

2/9 Firstly, the launchpad provider had a decent running start in our core transparency metrics. Addresses are public and easily found, devs are doxxed, technical documentation was present, and the well-maintained GitHub contained fully open-source software.

3/9 However, one thing that was clearly missing was admin control information. Upon establishing contact with the developers, they worked very hard to produce this important document. It can now be found here: impossiblefinance.notion.site/Contract-Addre….

4/9 Secondly, this aforementioned document contains all the high-level information needed to evaluate Impossible Finance's admin controls. Core contracts are immutable, ownership is through a MultiSig, and change capabilities are restricted to trading fees and whitelisting.

5/9 Moreover, there is also a breakdown of how Impossible mitigates the risk of front running and flash loan manipulations. With asymmetric boosts and staking allocations proportionate to stake amount held over time, Impossible's mechanisms capitalize on risk mitigation.

6/9 Lastly, the protocol shows a dedication to security via multiple pre-deployment audits for each protocol deployment and a sizeable bug bounty that will reward whitehats with up to 10% of total capital "saved" through attack vector disclosures.

7/9 In the future, we would love to see Impossible further develop its testing suite with the addition of code coverage and unit tests, detailed testing reports, and a formal verification. We will be monitoring these additions closely and update the report as they are added.

8/9 All of that to say, Impossible Finance's process quality standards are extremely high. The protocol architecture and security measures were certainly well thought out, and we are looking forward to newer protocols utilizing its innovative launchpad in the future.

9/9 Score: 94%🔥, defisafety.com/pqrs/445

Team: @impossiblefi @calchulus @impossiblefiAnn @0xSong @0xTomBot @ImpossiblefiTR @impossiblefiRU

#DeFi #blockchain #crypto #cryptocurrency #MoonRiver #BinanceSmartChain #Ethereum #Polygon