Security

L1 Security: ULTRADE CORE3 operates on the Layer-1 Blockchain Algorand, the most secure and performant blockchain in the market. ULTRADE does not run its own AppChain or L2 and is therefore not susceptible to various security concerns of such custom chains. All order executions and trade settlement are performed on the Algorand chain directly.

Non-Custodial Asset Management: All deposits are 100% non-custodial, utilizing smart contracts and crosschain messaging. At any point in time the user’s Login Wallet Account is the only one in control of the user’s assets. The contracts communicate deposits and withdrawals via interoperability crosschain messaging, and at no point is ULTRADE in control of the user assets.

Bridgeless Deposits and trading: ULTRADE does not wrapped assets, which means assets are not "minted" as wrapped versions on another chain, further reducing security concerns related to asset bridging.

Security Audits: ULTRADE’s smart contracts have gone through an extensive audit and passed it with flying colors.

They can be found here:

Native Exchange Order Execution and Settlements Contract on Algorand:

https://drive.google.com/file/d/1dT96CzoTCMjtJ4lkiFzPltXZOd-4CyOq/view

EVM Vault Contract:

https://drive.google.com/file/d/1qSojTKjlLv5or_0PbuC3dK9SnmYYxhHs/view

Crosschain for EVM<>Algorand Contracts

https://drive.google.com/file/d/1fK3APwFN2HI5f9ewi5Vv5cSu-7-qSNmZ/view

Solana Vault and Crosschain for Solana<>Algorand Contracts

https://drive.google.com/file/d/1yB-WhPrFF-4q-TjGgcowEX9AqxOhR4fQ/view