Baklava Space Proposal - FX Delegation Auto-Compound + Synthetic Asset Minting

Developers Function X Proposals
142

I think they have a few days ago.

1 Like
143

Gm!

We just update our platform and it is currently support all validator nodes.

3 Likes
144

Hi everyone,

FYI, we have done our internal audit of Baklava Space’s vault contract.

Feel free to take a look. I have uploaded the audit report to the link below:
Audit Report Link

Thank you

5 Likes
145

Well then OK

146

Hi Baklava Team, I have a suggestion.

Will there be a validator score or check in place so that users can be confident in the quality of the validators?

For example, a basic check would be - scanning for uptime:

  1. If any validator uptime falls below 90% at any given point of time, they will receive 1 check.
  2. The number of checks may vary - ranging from 5 to 10.
  3. Once a validator hit the maximum number of checks, they will be booted from the list of validators that the protocol will delegate to.
  4. Refresh Timer - if a validator receives a check due to a technical issue but subsequently did not fall below 90% in the next 3 months, 1 check is removed so this will be fair play for everyone - the protocol, the user’s fund, the commitment to maintain for every validator.
  5. The refresh timer is in place to give benefit of the doubt to a validator if any real technical issues arises which is why there is a check of 10.

Reason: I’ve noticed that some validators’ uptime isn’t constantly at its maximum, which implies that their APR isn’t reflecting their true output as they aren’t getting as many block rewards.

To combat this and to make sure that the list of validators can be of quality while maintaining the protocol’s efficiency and quality, I think a simple quality check can be in place. Furthermore, this will guarantee that the validators are dedicated to keeping it well-run.

After all, user’s funds and the efficiency of the protocol are the most important.

  • Referencing Lido and why they only choose quality node operators to stake to.

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For Lido, node operators that want to get in the list of Lido’s quality validators have a certain requirement, expectation and obligation which should be the same for Baklava.

It’s like validators wanting to get into Forbes list but you need to fulfil and maintain a certain standard.

5 Likes
147

For some reason, the contract owner’s upgrade power is unlimited (like many other smart contracts).
This is reason enough for me to strongly limit our interactions with this smart contract.
Sorry for that.
BTW, it would be interesting to have the same public audit for fx-swap contracts, for fx-evm cosmos gateway contracts…

Regards,
@FrenchXCore

1 Like