Belt (BELT)

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## Basics

* Mainnet release: 2-2021

## Audits & Exploits

* There is no Belt Finance Bug Bounty program (13-7-2021).
* Scored a 56% on DeFi Safety (13-7-2021);

*"SOOHO published a Belt Finance security assessment on June 15th 2021.*

*SOOHO published a Belt Finance security assessment on March 9th 2021.*

*HAECHI published a Belt Finance smart contract audit on May 6th 2021.*

*Belt Finance was released at the end of February 2021. Some recommended fixes have been implemented, and others are planned to be implemented with Belt V2."*

With the comment: *"Strong team, Decent documentation, Weak testing, and decent access controls. Overall BELT has decent transparency."*

### Bugs/Exploits

* From Blockthreat (5-10-2021):

*"Belt Finance patched a critical logic error bug after it was responsibly disclosed by Alexander Schlindwein."*

* From Rekt (29-5-2021):

*"Yet another fork of a fork has rolled off the conveyor belt with $6.3M falling straight into the hands of the hacker. Despite this being a slightly more sophisticated attack than some of the previous occurrences, all the familiar hallmarks are present. The hacker was not the only one to profit, as the EPS LP and stakers also received their share of this incident. The similarities between this exploit and the Harvest Finance hack which we covered in October have not gone unnoticed."*

* The devs of Belt actually claimed they could not be attacked by flash loans before.

## Governance

### Admin Key

* Scored 40% on the admin keys section at DeFi Safety (13-7-2021):

*"Found here and here.*

*Note: Gave them a 40% because they labelled their access controls as "Contract Operation", which is a term that inexperienced users would have trouble identifying as access controls. In addition, governance info is found under "BELT Token", so access control is in multiple places and not very well labelled.*

*a) They list the functions that the team can upgrade or can not.*

*c) They list what specific functions can added/removed/changed.*

*No evidence of a Pause Control function was found in their documentation, and no Pause Control tests were found in their GitHub repository."*

## Technology

* Whitepaper can be found [insert here].
* Code can be viewed [insert here].

### Implementations

* Built on: BSC
* Programming language used:

## Team, Funding and Partners

### Partners

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