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

Third Party Risk

Third Party Risk

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Last updated 5 months ago

Some components of Chi Protocol rely on third-party protocols like Lido, Uniswap, Etherfi, Curve, and Everclear, which introduces third-party risk. As with any DeFi protocol, their smart contracts could be vulnerable to potential exploits. A hack or failure in any of these underlying protocols could result in a loss of funds for Chi Protocol.

To mitigate this risk, Chi Protocol follows a rigorous due diligence process before whitelisting partner protocols. To date, none of our integrated protocols have experienced any hacks, reflecting the effectiveness of our careful selection process.

For more information on the security of these third parties, please visit their official websites.

Lido
Uniswap
Etherfi
Curve