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  • Writer's pictureFYEO

FYEO Completes CivFund Security Assessment

CivFund, the first crypto hedge fund totally decentralized and autonomous, based on AI and smart contracts.
FYEO Completes CivFund Security Assessment

FYEO is pleased to announce the completion of the CivFund security assessment.

Civilization aims to democratize access to Decentralized Finance (DeFi), addressing the financial exclusion that affects over 95% of the nearly 300 million global cryptocurrency investors and 1.7 billion unbanked individuals worldwide.

Leveraging the growing global payment market, which generated $1.98 trillion in 2021 alone, and the surge in DeFi liquidity from $800 million to $80 billion between 2020 and 2021, Civilization believes that DeFi can rectify the inefficiencies of the current financial system.

The company aims to guide individuals towards DeFi opportunities, projecting that the sector's growth, adoption, and liquidity will increase along with the fees paid to decentralized liquidity providers.

Now introducing CivFund, the first crypto hedge fund totally decentralized and autonomous, based on AI and smart contracts. Decentralized Market-Making with automated investment strategies for sustainable returns on any type of asset: spot, future, derivatives.

CivFund actually do is to "translate" the returns of liquidity pools into $ (stablecoin) returns that is much, much more attractive, as it puts the investor in control of the narrative. This, in simple terms, means that if a certain pool is currently yielding x%, CivFund will aim at yielding just around the same x% but expressed in $ terms by investing in it.

Based on these simple concepts, the mission for which CivFund was created can be summarized as follows:

  • Build DeFi technology to eventually replace traditional finance

  • Deliver peace of mind for investors and users

  • Facilitate crypto adoption

The FYEO Process

When FYEO performs an assessment, we focus on the code committed at a specific time when the code base is feature complete.

Our goal is to give our clients the following:

  • A better understanding of its security posture and help them identify current and future risks in its deployed chain & contract infrastructure.

  • An opinion on what security measures are in place regarding maturity, adequacy, and efficiency.

  • Identify potential issues, including loss of funds scenarios, and include improvement recommendations based on the result of our assessment.

  • Give the development team a better understanding of writing and maintaining more secure code. The incremental increase of security is part of the overall increased quality of the project.

Findings & Report

During the security assessment, FYEO uncovered the following findings:

  • 2 findings with CRITICAL severity rating.

  • 5 findings with HIGH severity rating.

  • 7 findings with MEDIUM severity rating.

  • 12 findings with LOW severity rating.

  • 13 findings with INFORMATIONAL severity rating.

Following the audit, the Civilization team worked in conjunction with the FYEO team to remediate all security vulnerabilities identified and shared.

Please see the attached full report to learn more:

CIV Fund - Security Assessment of the CIVFund Contracts v1.2
Download PDF • 2.22MB


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