FilFi is a DeFi protocol that promotes Filecoin asset liquidity, providing basic services such as joint node, liquidity collateral, and computing power trading. The goal of FilFi is to create a permissionless liquidity marketplace for the Filecoin community, achieve fully decentralized DeFi, reduce the cost of trust, facilitate liquidity, and accelerate the construction of the Filecoin network. FilFi is a Liquidity collateral agreements, created entirely on FVM, offering a full range of services such as pledge, lending, co-mining and C-power trading.

FilFi Smart Contract Audit

In order to ensure the security of our smart contracts, we conduct a comprehensive audit. This audit will take place from September 1, 2023 to September 18, 2023, which means that during this time, our code review will enter its most critical phase. We aim to submit the initial audit report on September 20, 2023, so that all participants can have a more comprehensive understanding of our smart contracts. We also plan to launch an open source bounty program to encourage our technology partners and community members to work together to secure contracts. We believe that through collective wisdom and effort, we can identify and solve possible problems together. For those participants who are not familiar with our code, or who do not understand smart contracts, we believe that a third-party audit firm can provide a professional security assessment report, which will be a good solution.

These audit firms have the experience and expertise to provide detailed security reports, allowing our community members to feel more comfortable participating in this smart contract and being part of our node. In this way, we hope to build a secure, transparent and fair FilFi smart contract ecosystem that allows all participants to store and exchange data on our platform with peace of mind. In addition, to further increase community engagement and trust, we will also release regular updates on smart contract security to keep all parties informed of our progress and measures taken. Overall, we are confident in FilFi’s future, and we believe we can better engage builders through rigorous smart contract audits, open source bounty programs, and third-party security assessments.

Benefits of public audit: Public audited smart contracts have many benefits for ordinary users, which can be further subdivided into the following aspects:

Improving transparency and credibility: Public audit is the process of source code review and verification of smart contracts by a third-party independent body, which can prove that the source code of the contract is true, reliable and not tampered with. This allows the average user to trust the contract more and use it with confidence. This transparency can increase user trust in smart contracts, which in turn increases users’ willingness and frequency of adoption of adoption.

Improving security and stability: Public audits can identify potential security vulnerabilities and fix them in advance, ensuring the security and stability of smart contracts. Security breaches can cause loss of users’ assets, so it is very important for ordinary users to ensure the security and stability of smart contracts. A public audit by an independent third party can provide a higher level of security and make users feel more comfortable using smart contracts.

Ensuring compliance: Public audits can also help uncover possible legal issues in contracts, such as whether regulations or policies have been violated. This allows ordinary users to use the contract more compliant and avoid possible risks and disputes. Compliance is an important consideration for users to use smart contracts, and public audits can provide higher compliance guarantees for smart contracts.

In addition to the benefits of the above three aspects, public auditing can also improve the credibility of smart contracts. Public audits by an independent third-party can increase public trust in smart contracts, thereby increasing the visibility and scope of use of smart contracts. At the same time, public audit can also promote the development and improvement of smart contracts. By finding and fixing security vulnerabilities, as well as resolving legal issues, smart contracts can become more mature and reliable, thus better serving users. In short, publicly audited smart contracts can improve transparency, security and stability, which is very beneficial for the average user. At the same time, public auditing can also improve the credibility of smart contracts and promote the development and improvement of smart contracts. Therefore, when choosing to use smart contracts, ordinary users should choose smart contracts that have been publicly audited to ensure that their assets and rights are better protected.

FilFi Upgrade

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Added mounting node function, added SP and community details module, added SP penalty function, modified TVL statistics, added early warning service, optimized sector synchronization, modified network architecture and known bug repair and function optimization, these improvements will bring the following benefits:

1. Increased efficiency and transparency of the system: The addition of the mounting node feature will make it easier for nodes to be taken over and revenue redistributed, which will help improve the efficiency and transparency of the system, so that all parties can more easily participate in the FilFi network and have a better understanding of their earnings.

2. Better display of SP alliance information: The new SP and community details module can better display SP information and related nodes in the SP alliance, which will help the community better understand the situation of the SP alliance and provide more comprehensive services for investors.

3. Strengthening the supervision of SP behavior: The new SP penalty function can optimize the logic of reward and punishment, more stringent supervision of SP behavior, but also can better ensure the security of the system.

4. Providing more accurate information: Modifying the TVL statistical method can more accurately reflect the situation of user collateral and SP deposit, and provide more reliable information for investors, which will help investors make more informed investment decisions.

5. Improving the security and stability of the system: the new early warning service can add data verification, correctness verification of daily release rewards and penalties, sector synchronization verification, and verification of computing power, pledged coins, rewards to be released and other functions, which will help improve the security and stability of the system and avoid potential risks.

6. Improving the performance and response speed of the system: Optimized sector synchronization can be divided into micro services according to the network architecture, which will help improve the performance and response speed of the system and provide better services for investors.

7. Improving the reliability and stability of the system: Modifying the network architecture can optimize the international access path and gradually move cloud services back to the country, which will help improve the reliability and stability of the system and provide more stable services for investors.

8. Fixing known bugs and optimizing features: Known bug fixes and feature optimizations will help improve the stability and user experience of the system, making it more enjoyable for investors to use FilFi systems.

In summary, the benefits of the FilFi upgrade include improved system efficiency and transparency, better presentation of SP Alliance information, enhanced oversight of SP behavior, more accurate information, improved system security and stability, improved system performance and response speed, improved system reliability and stability, as well as the repair of known bugs and optimization of features. These improvements will contribute to the further development and popularization of FilFi systems to provide investors with better services.