All Collections
EOS Support Media
EOS Audit: Monitoring EOS' Most Recognized and Developing Projects
EOS Audit: Monitoring EOS' Most Recognized and Developing Projects

Published on January 25, 2023

Markus Hinrichs avatar
Written by Markus Hinrichs
Updated over a week ago

Author: Marco González

Editor: Randall Roland

The first EOS Support Auditor Report coincides with Pomelo Season 4. It was published in January 2023.

The goal of EOS Audit is to provide the community with decisive project information to assist in decision-making, as well as provide assurance and transparency. Additionally, the research provided may be used to advance the network’s knowledge base in new ways bringing forth deeper understanding.

Background

EOS Support is the EOS Network’s concierge, providing a variety of community services for members at various experience and need levels.

In recent months, EOS Support assisted in getting EOS Respect off the ground. EOS Respect is a dedicated community of elected delegates that provides accountability and funding of affiliated EOS Network projects.

Now with the Auditor Report, EOS Support helps establish a new protocol for:

“...comprehensive review and analysis of Pomelo and affiliated EOS Support projects.”

The EOS Audit assists the EOS Respect community in its efforts. It’s a way to help “identify and reward creators”. Particular attention is given to events that occur during Pomelo seasons.

Audit Breakdown

The audit is broken down into six primary categories:

  • Key points

  • EOS Support affiliation status

  • Contact point/project links

  • Current status

  • Grant patterns

  • Grant Issues

The audit provides key points, affiliation, contact information, and current status data for ALL 15 projects. Additionally, a determination was made of ALL projects for existing patterns and issues. The category entitled Statement about the issues from the grant owner is dependent upon finding an existing grant issue.

Methodology

The first EOS Audit provided by EOS Support employed independent techniques to comprehensively audit the top 15 projects listed on Pomelo (by matching funds). Broadly, those techniques consisted of:

  • collecting unique data

  • insightfully investigation of existing data

  • interviewing grant owners

  • maintaining currency in relevant online forums

  • transaction monitoring

Note that the primary means for tracking progress is through direct project links and publicly available information. As a respected member of the EOS community, EOS Support maintains privileged solutions uniquely served for providing network audits. Ultimately, an unresponsive project is both uncharacteristic of those supplying public goods and lends toward suspicion of misuse and/or unfulfilled promises (deliverables).

It is in these ways that the first EOS Audit hopes to ensure the success of existing and future fundraising.

Overview of Findings (by category)

This section attempts to provide a useful overview while drawing readily apparent conclusions based on the auditor's findings.

Affiliation

Acceptance as an EOS Support affiliate goes a long way toward project viability. Affiliation comes by way of invitation only. While projects may directly apply, acceptance is at the discretion of the community.

Advantages of affiliation include a blockchain-elected body of delegates that provide accountability for the projects they fund. Furthermore, each delegate’s choice of funding is evaluated monthly.

Working within Pomelo seasons means that affiliate projects can leverage quadratic funding and the historically-robust matching pool.

Among the 15 audited projects, the following six are currently affiliated with EOS Support:

  • Vault: Decentralized Staking Protocol

  • EOS Support - The EOS Network's Concierge!

  • Fractal Democracy SIM with Chinese Characteristics

  • EOS Bees - Amplifying EOS Innovations via Swarms

  • Hot Sauce Amplified!

  • (ZEOS) Protocol for private transactions on Antelope

Grant Patterns

7 out of 15 audited projects were found to have NO grant patterns worth reporting:

  • Vault: Decentralized Staking Protocol

  • Recover Plus - An EOS based Asset Recovery Portal

  • EOS Support - The EOS Network's Concierge!

  • Fractal Democracy SIM with Chinese Characteristics

  • EOS Bees - Amplifying EOS Innovations via Swarms

  • Hot Sauce Amplified!

  • (ZEOS) Protocol for private transactions on Antelope

For those patterns reported, most projects were found suspicious of sybil and/or collusion. One project saw all of its raised funds coming from Eden delegates. Others either had donors with no increase in their trust bonus or were funded by newly created accounts that donated in similar patterns.

Owners’ Explanatory (Response) Statement to Identified Issues

The only category that may be considered ‘open’ is the owners’ explanatory statements (replies). Of the eight projects found to have grant issues, two (Arbitration Protocols-effectively price EOS assets and Pink cat eating papaya) were NOT available to provide explanatory statements. Those that DID provide statements were:

  • Vault: Decentralized Staking Protocol

  • Shining Protocol: Decentralized Social Graph

  • Payzura - web3 Paypal

  • Jobzura - decentralized web3 Fiverr

  • EasyElm-EOS: Type-safe interaction for Elm & EOS

  • Fractal Democracy SIM with Chinese Characteristics

For those responses that weren’t exhaustive, owners at least provided a clear reason for the identified issue(s).

"Amazing things can happen through teamwork."

Adapted from Pexels

OUTLOOK

The new EOS provides unparalleled opportunities. Guided by the EOS Network Foundation and community leaders like EOS Support and Pomelo, network attacks and bad actors continue to fall in number and impact. Transformative technology like blockchain comes at a price. EOS community members are increasingly willing to do what it takes to take the P2P Web3 economy to the next level.


Sources & References

Did this answer your question?