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Ponder Surveys
@survey
When should you get your smart contracts audited? 1. Before customer funds come in 2. When total funds hit $50k 3. When total funds hit $100K 4. When total funds hit $500K+ 5. Other Inspired by @briang https://i.imgur.com/s0n10yO.png
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Ponder Surveys
@survey
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Ponder Surveys
@survey
The survey results are in! https://warpcast.com/survey/0xba81
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Ben Adamsky 💭
@ba
1 immutability on non-upgradable smart contracts makes vulnerabilities a critical painpoint regardless of funds For me it’s testnet for MVP and mainnet after being able to afford proper smart contract development and audits
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Colin Johnson 💭 pfp
Colin Johnson 💭
@cojo.eth
3. I honestly have no idea though. I just don’t know how you afford to get an audit as a web3 startup before raising?
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𒂠_𒍣𒅀_𒊑
@m-j-r.eth
5 smart contracts can get audited as soon as they hit testnet, there's provenance for RPGF. an "audit" is a really low bar and can be a starting pistol for a rug pull, best possible scenario is that any security holes are discovered by randos who agree to return 90%.
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qw
@qw
Depends on: - level of complexity of code - experience and time of the auditor - how much money you have (audits are expensive!) - level of urgency to launch Too many factors to consider to give a one size fits all answer.
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Nounish Prof ⌐◧-◧🎩 pfp
Nounish Prof ⌐◧-◧🎩
@nounishprof
1 BUT I do think finding reasonable options for said audit is prudent.
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Ben 🟪
@benersing
1
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Lajos Deme
@silentrunner.eth
1. No other option makes sense. Contracts are immutable. You hit even 50k TVL, audit your contract, turns out it can be drained... what are you going to do? Say 'oops sorry folks please pull your money out'? It's prob already drained by the time you type this out..
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Brais.eth
@chi
1. With "other's funds"
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wanisili
@abstract
2. That seems to be a good balancing point to me.
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DLTA
@dlta
1 For founders, self-audit as much as you can, make security an intrinsic part of your SDLC. Smart Contract audits are one piece of the security puzzle, just look at how many have been exploited that had audits done. Learn from the mistakes of others, its cheaper than getting compromised yourself !
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Christian
@onchainchris.eth
1 is the only decent answer. Even if you get exploited with 100k TVL and refund everyone, you will have suffered irreparable reputation damage making it difficult to ever gain trust again.
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@novack
5. After your 2nd hack
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SeaFlagCrypto
@seaflagcrypto
1. Audit should be out to public before investment begin.
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Angela
@moontrips
1
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not parzival
@padenfool.eth
don't think we talk about life cycle of the contract enough to answer in a meaningful way as it relates to bg
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Brian Smocovich
@bsmokes.eth
1. Especially if you're funded.
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