Audits and Transparency

Transparency Features

1. On-Chain Visibility:

   • Every transaction, including wrapping (zipping) and unwrapping (unzipping), is recorded on Fabric’s blockchain.

   • Users can verify their transactions and the status of their zAssets using FabricScan.

2. Traceable Asset Contracts:

   • Each zAsset is tied to a unique contract address on Fabric, linked directly to its originating blockchain.

   • Users can confirm the backing of their zAssets by comparing Fabric and source chain contract addresses.

3. Real-Time Vault Balances:

   • Zipper’s vaults are fully auditable, allowing users and third-party services to verify that all zAssets are 1:1 backed by their original assets.

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Audit Processes

1. Smart Contract Audits:

   • Zipper’s smart contracts undergo rigorous external audits to ensure they are free from vulnerabilities.

   • Key areas of focus include:

     • Minting and burning logic.

     • Vault security.

     • Transaction flow and compliance integration.

2. Independent Oversight:

   • External audit reports are published and made accessible to the public for full transparency.

   • Regular reviews are conducted to identify and mitigate potential risks.

3. Community Audits:

   • The open nature of Zipper’s on-chain activities allows independent developers and users to monitor and verify the system’s integrity.

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Why Audits and Transparency Matter

• Builds User Confidence:

  • Transparent operations and public audits reassure users that their assets are secure and properly managed.

• Protects the Ecosystem:

  • Independent audits reduce the risk of vulnerabilities, safeguarding the integrity of the Fabric ecosystem.