MethLab Security Methodology

SUMMARY

MethLab's multi-layered approach to security. Learn how the protocol tackles security at each level through a comprehensive waterfall model.

MethLab follows a comprehensive, multi-layered security approach. Our primary goal is to safeguard our users' assets while maintaining a seamless and efficient user experience. This document outlines our security methodology. Key stages of our approach:

• Architecture Design and Review

• Code Development and Review

• Pre-Deployment Testing

• Post-Deployment Monitoring and Maintenance

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Information

MethLab will be releasing documentation and findings from each step. Follow this page for latest updates and releases.

Architecture Design and Review

Step 1: Architecture Formulation

• Creating a resilient and scalable system, integrating best practices in smart contract development.
• Key components: risk assessment models, collateral management, and abstractions.

Step 2: Expert Review

• Review by external experts in DeFi.
• Scrutinization of architecture for potential vulnerabilities and scalability issues.

Code Development and Review

Step 3: Code Development

• Translation into Solidity and helper infrastructure.
• Development of robust engineering practises.

Step 4: Internal Code Review

• Intensive internal review: Manual testing, financial testing, fuzzing.
• Checks for bugs, vulnerabilities, and compliance with the initial design specifications.

Step 5: External Code Audits

• Reputed auditing firms with a track record in DeFi projects are hired.
• Uncover any overlooked issues and validate the security practices.

Pre-Deployment Testing

Step 6: Testnet Deployment

• Prior to mainnet launch, deployment of the protocol on testnets.
• Monitor the protocol's performance under varied conditions without risking real assets.

Step 7: Bug Bounty Programs

• Engage the wider community through bug bounty programs.
• Incentivize the discovery and reporting of vulnerabilities, further strengthening the security of the protocol.

Post-Deployment Monitoring and Maintenance

Step 8: Mainnet Launch

• The protocol is deployed on the mainnet.
• Maintnet Testing of all cases for final verification.

Step 9: Continuous Monitoring

• Post-deployment, implement active monitoring systems.

Step 10: Ongoing Audits and Updates

• Commit to regular audits even after deployment.
• Stay up-to-date of any security related disclosures.