---
# System prepended metadata

title: Secureum CARE-X

---

# Secureum CARE-X

Spearbit Porter kick-off

## 2022/3/24

CARE: Pre-audit to review code
- Look for security pitfalls
- Prepare a report
- Rajeev compiles a report with all findings and shares with protocol / auditor

Spearebit
- Spearbit is building a security auditor DAO
- Three levels of researchers
    1. Lead security researchers
    2. Security researchers
    3. Apprentices (Secureum X ppl)

Spearbit team
- Hari Mulackal
- Jake Lang
- Spencer Macdonald

Porter team
- Namaskar (Kyle) - Head of smart contracts
- Bookland (Russell) - CTO

Porter
- Building DeFi bonds for DAOs
- 3 benefits:
    1. Able to use native tokens as collateral
    2. Able to borrow at fixed interest rate
    3. No liquidations
- Users:
    1. Earn a fixed interest rate
    2. Convertability - can convert native token to stable coin at fixed rate

Scope of CARE-X
- Repo: [porter-finance/v1-core](https://github.com/porter-finance/v1-core)
- Uses [gnosis/ido-contracts](https://github.com/gnosis/ido-contracts)
- Bookland will create a branch for Secureum auditors to use
- Uses OpenZeppelin cloneable
- Uses OpenZeppelin access control. Roles:
    - Admin
    - Withdraw
    - Mint
- Focus on math (especially rounding)
- [Porter Finance Docs](https://docs.porter.finance/portal/)
- No upgradeability built into protocol except for modifying mint and withdraw role
- No oracles

Tooling
- Used Slither and did static analysis
- Went through security review checklist
- Have not used a fuzzer
