View source for Belt (BELT)

==Basics==

*Based in:
*Started in / Announced on:
*[[Testnet]] release:
*[[Mainnet]] release: [https://docs.defisafety.com/finished-reviews/belt-finance-process-quality-review#audits 2-2021]

==History==
==Audits & Exploits==

*There is no Belt Finance [[Bug bounty|Bug Bounty]] program ([https://docs.defisafety.com/finished-reviews/belt-finance-process-quality-review#audits 13-7-2021]).
*Scored a 56% on DeFi Safety (13-7-2021);

''"SOOHO [https://github.com/BeltFi/belt-contract/blob/main/audit/%5BENG%5DBELT_HECO_Security_Assessment.pdf published] a Belt Finance security assessment on June 15th 2021.''

''SOOHO [https://github.com/BeltFi/belt-contract/blob/main/audit/%5BENG%5DBELTFI_Security_Assessment.pdf published] a Belt Finance security assessment on March 9th 2021.''

''[[Haechi|HAECHI]] [https://github.com/BeltFi/belt-contract/blob/main/audit/HAECHI_AUDIT_Smart_contract_audit_report_for_BeltFi_earnV2_additional.pdf published] a Belt Finance [[Smart Contract (SC)|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 [https://t.me/c/1453353094/4356 comment]: ''"Strong team, Decent documentation, Weak testing, and decent [[Admin Key|access controls]]. Overall BELT has decent transparency."''

===Bugs/Exploits===

*[https://blockthreat.substack.com/p/blockthreat-week-39-2021?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjo0MjE4ODIzOCwiXyI6IitrN3VtIiwiaWF0IjoxNjMzOTI3NzQyLCJleHAiOjE2MzM5MzEzNDIsImlzcyI6InB1Yi04MTA1Iiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.Q6q9PIM9m5LeCQzy3H3vfjYq From] [[Blockthreat]] (5-10-2021):

''"Belt Finance patched [https://medium.com/immunefi/belt-finance-logic-error-bug-fix-postmortem-39308a158291 a critical logic error] bug after it was responsibly disclosed by [[Alexander Schlindwein]]."''

*[https://www.rekt.news/belt-rekt/ 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 [[Ellipsis.finance (EPS)|EPS]] [[Liquidity Provider (LP)|LP]] and stakers also received their share of this [https://twitter.com/Ellipsisfi/status/1398773543169523713 incident]. The similarities between this exploit and the [[Harvest (FARM)|Harvest Finance]] [https://rekt.eth.link/harvest-finance-rekt/ hack] which we covered in October have not gone unnoticed."'' 

* The devs of Belt actually [https://twitter.com/jeiwan7/status/1398805326250446849?s=20 claimed] they could not be attacked by [[Flash Loan|flash loans]] before.

==Governance==
===Admin Key===

* [https://docs.defisafety.com/finished-reviews/belt-finance-process-quality-review#audits Scored 40%] on the admin keys section at [[DeFi Safety]] (13-7-2021):

''"Found [https://docs.belt.fi/contracts/contract-operation here] and [https://docs.belt.fi/tokenomics/belt#belt-inflation-distribution 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 [https://docs.belt.fi/contracts/contract-operation 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|GitHub]] repository."''

===DAO===
===Treasury===
==Token ==
===Launch ===
===Token Allocation===
===Utility===
===Other Details===
===Stablecoin===
==Coin Distribution==
==Technology==

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

===Implementations===

*Built on: [[Binance|BSC]]
*Programming language used:

====Transaction Details====

*Capacity ([[TPS]]):
*[[Latency]]:

===How it works===
===Fee Mechanism===
===Upgrades===
===Mining===
===Staking===
====Validator Stats ====
===Liquidity Mining===
===Scaling===
===Interoperability===
===Other Details===
==Oracle Method==
==Privacy Method==
==Compliance==
== Their Other Projects==
==Roadmap ==

*Can be found [Insert link here].

==Usage==
===Projects that use or built on it===
==Competition ==
==Pros and Cons ==
=== Pros===
=== Cons===
==Team, Funding and Partners==
===Team===

* Full team can be found [here].

===Funding ===
===Partners===
==(: ==
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