“Pravda” uses “XDAO” smart contracts, which is a DAO platform (Digital Autonomous Organization) that allows its users to create and manage custom DAOs. The DAO is a smart contract running on a blockchain (“Ethereum” or “BNB-Chain”). Once the DAO has been created, the rules for its operations can only be changed only under the agreed procedure.

DAO act as a cryptocurrency storage and are an attractive target for hackers. So, the absence of hacks is an important indicator of the platform’s security.

XDAO smart contracts have been active since November 15, 2021.
Since then, on "XDAO" platform:

  • 27,000+ DAOs have been created;

  • $100,000,000+ turnover in stablecoins.
This data is available on the website of the crypto aggregator “Dune” at this and this link.
“XDAO” has been through several audits of its code made by specialized organizations “Pessimistic” and “Hacken”, which did not reveal any significant vulnerabilities in the code.

The code auditors’ reports are available here and here.

The code of XDAO smart contracts is available here and here. The key contracts have not been changed since their activation on purpose, and have been kept as simple as possible.

Over the long period of cooperation with “XDAO” (since 2022), the authors of “Pravda” have not encountered hacks of their smart contracts. The fact that “XDAO” has not been hacked once is also confirmed by the absence of relevant news.

“XDAO” seems to be a reliable platform with sufficient functionality for blockchain arbitrage.
CODE AUDITS