Omniscia (BC 10)

Omniscia operates on a decentralized model, meaning power and responsibilities aren’t concentrated in one individual.

Instead, they have a distributed team of professionals.

If you're experienced in Web3 security, smart contracts, and blockchain development, you can join this dynamic team.

However, expertise is a prerequisite because Omniscia’s mission is to safeguard Web3 projects at the highest standards.

Since 2017, Omniscia's engineers have been at the forefront of building and auditing distributed systems.

Over the years, they’ve worked on more than 400 blockchain projects, addressing over 1,600 high-severity issues in smart contracts and distributed systems.

Their efforts have safeguarded over $65 billion worth of assets, proving their critical role in enhancing the security of Web3 ecosystems.

What Services Does Omniscia Offer?

Omniscia is renowned for offering first-class security services.

Here’s what they specialize in:

1. Comprehensive Security Audits

Omniscia conducts thorough, line-by-line audits of smart contracts to ensure they conform to the latest standards.

This ensures that code is both secure and easy to understand by developers worldwide.

Their audits focus on making smart contracts immune to known and unknown attack vectors, providing robust protection for Web3 projects.

System Abstraction and Cross-Contract Analysis

This is about studying how all parts of your contract work together to ensure the system operates as intended.

Imagine a house: they check if the windows open for ventilation, the doors function properly, the roof is sturdy, and the furniture is stable.

In other words, they ensure all components of your project are aligned and functional.

You could also compare it to inspecting the gears of a clock to ensure everything turns smoothly.

EIP and DeFi Integration Validation

EIP stands for Ethereum Improvement Proposal, similar to Bitcoin’s BIP (Bitcoin Improvement Proposal).

This step ensures your project adheres to important blockchain standards…especially Ethereum.

These standards make sure code is universal and interoperable—like making sure someone in Africa can read and understand a code written in America.

It also ensures compatibility with decentralized financial systems, like exchanges or lending protocols.

Complex Attack Detection

This covers detecting and preventing sophisticated attacks, such as flash loan exploits and oracle manipulations.

Flash loans are essentially quick loans taken to manipulate a system, while oracle manipulations involve tampering with trusted data sources like price feeds.

Omniscia ensures these vulnerabilities are identified and fixed, keeping your project secure

2. Code Optimization

Their audit reports include recommendations for gas optimizations.

This involves refining smart contracts to lower gas fees without compromising functionality, creating a balance that benefits both users and project owners.

They achieve this through techniques like:

EVM-aware optimizations

Storage and memory fine-tuning

Mathematical simplifications

Tight packing suggestions.

Here, they focus on improving gas efficiency, reducing costs when interacting with the blockchain.

EVM (Ethereum Virtual Machine) optimization involves tweaking the code to work seamlessly with Ethereum’s engine.

Memory fine-tuning is another part of this process—imagine reorganizing your bedroom to save space and make things easier to find.

Similarly, they optimize how data is stored in your project to save resources.

Functional and ACL Abstractions

ACL stands for Access Control List, which determines who or what can access specific parts of your project.

This ensures confidentiality and integrity by limiting access to only authorized users or systems.

Think of it as locking certain rooms in a house so only specific people can enter. This approach is key to maintaining security.

Coding often involves complex mathematical functions, which can be hard to grasp.

Omniscia simplifies these functions to make calculations quicker and more efficient, saving time and resources.

Tight Packing Suggestions

Picture packing a suitcase smartly so everything fits.

Similarly, tight packing involves refining how data is stored in your project, ensuring it uses minimal space without compromising functionality

3. Collaborative Development

Omniscia also offers curated development services for features such as decentralized exchanges (DEXs), complex ERC-20 tokens, and bonding curves.

Their development approach prioritizes security and includes extensive test coverage to meet the latest security principles.

Tools and Techniques

Omniscia employs a range of advanced tools like Slither and Surya to provide services such as:

Static analysis and manual review

System abstraction and cross-contract analysis

Validation of EIPs and DeFi integrations

Detection of complex attack vectors like flash loan exploits and oracle manipulations

***

DeFi Integration: Connecting your project to DeFi systems like exchanges or lending platforms.

...for setting token prices dynamically based on supply and demand.

It’s like using economics principles to determine equilibrium price and quantity.

Voting Systems: Implementing mechanisms for decentralized decision-making, akin to a democratic process.

EIP Compatibility: Ensuring your project complies with Ethereum’s guidelines and standards.

Expansive Test Cases and Documentation: Thorough testing of every component, along with clear, detailed documentation.

This is critical because proper documentation ensures future clarity and reference, which is something sorely lacking in the Web3 space.

Unlike a centralized entity where one person controls everything, their structure resembles a DAO (though not explicitly one).

My research, based on their website www.omniscia.io, reveals their focus on security and smart contract audits.

The founder, Yvan N, has over 10 years of experience in building and scaling cybersecurity teams and businesses.

Alex Papageorgiou, their CTO and CSO, brings seven-plus years of expertise in building and securing complex decentralized systems.

ESSE, the CFO, has over eight years of experience in investing, trading, and yield farming in the digital asset space.

Other key team members include:

Tasos, Natacha, Veng, and Benjamin: Senior Solidity Auditors

Max: Penetration Testing and DevOps

Anna: Marketing Lead

Lila: Economics Researcher

Lao: Business Development Lead

Josephine: Content Marketing Lead

When it comes to Omniscia’s audit services, you should know it’s a for-profit organization.

The cost and duration of an audit depend on factors like code complexity, size, and quality.

To get an estimate, you need to submit your code via their contact form available at Omniscia

They usually respond within 24 hours.

Their auditing process includes the following steps:

1. Submit the Repository: The client shares their codebase.

2. Scoping: Omniscia determines the price and timeline.

3. Payment Execution: The client completes the payment (details of SoW provided).

4. Preliminary Audit: Omniscia runs an initial audit and delivers a confidential report.

5. Client Remediation: The client addresses issues highlighted in the report.

6. Final Report: After submitting the revised commit hash, Omniscia provides a detailed final report.

The final report includes logical errors, vulnerabilities, and optimization recommendations, helping clients improve their code’s security and efficiency (e.g., reducing gas costs).

Omniscia has audited projects like Xend Finance, Fetch.ai, MoreMarkets, Matic Network, Iron Finance, Ava Labs, Gnosis Guide, and Arcade.xyz, among others.

These brands highlight the credibility and expertise Omniscia brings to Web3 security.

Omniscia is a leader in Web3 security, setting new standards with a decentralized approach and deep expertise.

Their services enhance security, refine code, and provide clear documentation, effectively addressing the unique challenges of Web3 development and elevating blockchain projects.

Thanks for sticking around 🤭

You make me feel special 🤩.