We are specialists in building digital products that require blockchain implementation.
Launch Plan Updates
Shard LabsFeb 02
Last week Shard Labs announced Launch Plan with a clear goal and targeted timeline. Check it out here. ?
As you know, ShardLabs is bringing Lido to Polygon to enable users to stake MATIC token in a decentralized, secure way and use them on the secondary market with a simple click of a button on the UI. Read more all about it here.
After analyzing the current situation, we decided to postpone the launch and do the full re-audit of our smart contracts.
We want to make sure our protocol is as secure as possible.
We tried to answer some questions you may have, and for any additional ones, feel free to write us on our Twitter account. ?
Upon receiving the first feedback on our code, we were delighted to see that most things that require fixing are not significant. So the plan was to address them in the next five days and submit these fixes for review. Then, after getting the green light from the auditing company, we could launch Phase 1, which was previously planned for this week.
During these five days, we discovered additional parts of our codebase that we wanted to improve to ensure protocol stability, even in some cases that are not likely to happen but are still theoretically possible. That decision prolonged the time required to ensure our codebase is ready for audit submission.
The code was fully submitted today with the latest commit hash on the main branch.
Our goal is to ensure that this protocol will work without interruptions and with as least security risk as possible.
Decentralized protocols live forever on the blockchain, and this one has a major role in decentralizing the Polygon network. Any exploit or vulnerability might induce a risk for user funds and the stability of the Polygon blockchain.
Is the audit report public?
The audit report will be pushed to our Github repository when finalized. So you can expect it there during Phase 1.
The audit is an excellent way to get more eyes on your code. Experts reviewing our codebase are some of the most experienced professionals in the space.
Even though we hope that the audit will discover all major vulnerabilities, we want to attract more security experts to dig deep. That is why we are going to have a bug bounty program. More details are to come soon.
When is the next launch date?
The new launch date will be announced as soon as we know everything is ready regarding code quality and other prerequisites. But don’t worry, you will not have to wait too much. ?
It is very clear that there is a global downturn in the markets, and we expect 18 months up to 3 years of downturn, potential recession on the global markets, etc. This is the first time ever that a global market recession overlaps with a crypto bear market. As we are approaching stage 3 of […]
If you came across some of Shard Labs’ tweets or articles, you’ve probably heard the big news: Now you can stake $MATIC in a decentralized, secure way and immediately get the representation of their share in the form of stMATIC token without maintaining staking infrastructure. Awesome, right? ? ? ? LIDO is coming to #[email protected]_labs […]
Lido on Polygon is onboarding the first batch of node operators. The Lido Node Operator Subgovernance Group (LNOSG) decided to nominate 5 applicants for the proposed shortlist. More details about this shortlist are available here. April 2022 Node Operator onboarding round summery statistics It has been said that when you welcome a new family member, […]