Chi Protocol Documentation
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  • Introduction to Chi Protocol
    • What is Chi Protocol?
    • About
    • Importance of USC
    • Basic Features
  • Concepts
    • Summary
    • Dual Stability Mechanism (DSM)
      • DSM Scenario Analysis
    • Sustainable Reward Sources
      • Token Boost
    • Collateral Risk Management
    • Fees
    • Reserve Fund
    • Risks
      • Bad Debt Risk
      • Collateral Risk
      • Third Party Risk
      • Smart Contract Risk
  • USC
    • Mints and Redemptions
    • Rewards Generation & Distribution
    • Staking USC
      • stUSC
      • wstUSC
    • Liquidity Provision in USC
  • CHI
    • Understanding CHI & Use Cases
    • Liquidity Provision in CHI
    • veCHI & Governance
    • Tokenomics
  • Resources
    • How to Mint and Stake USC
    • Security
    • Technical Resources
    • Smart Contract Addresses
    • APR Formulas
    • Media Kit
    • FAQs
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  1. Concepts
  2. Risks

Smart Contract Risk

Smart Contract Risk

PreviousThird Party Risk NextMints and Redemptions

Last updated 6 months ago

As in all DeFi products, there is a risk that the protocol could have a smart contract vulnerability or bug, potentially exposing some or all of its funds to hacking. To mitigate this risk, several security measures are in place:

  • The smart contracts are open source and designed with minimised complexity, reducing potential attack vectors.

  • The code has undergone two thorough audits conducted by and , ensuring its security and reliability.

  • Any critical changes to the protocol's smart contracts are subjected to additional audits before implementation, further safeguarding the protocol from potential vulnerabilities.

More details about Chi's security measures can be found in the dedicated page.

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