Security FAQ

Q: How does DEFED stay secure?

Defed uses audited smart contracts to lock your assets in a vault to protect against hacking attacks.

DEFED will provide 2 audit reports by Certik & Armors. (In progress)

There is a limit on the maximum amount that can be withdrawn from an address within 24 hours.

DEFED Treasury has set up a risk fund to cover any unexpected risks.

Q: How to deal with the risks of Rug Pull?

In the cryptocurrency industry, a rug pull is when a team suddenly sells all of its tokens, or removes the liquidity pool, essentially abandoning the project.

DEFE token's liquidity pool will be locked, so the liquidity pool can't be closed until unlocked. Also, the first DEFE token belonging to the Team will be unlocked 52 weeks after the TGE, so that the Team does not have any tokens right now.

Q: What if the DEFED team takes ETH from the lending pool?

A: Technically, only the borrower's address can call the withdrawal function.

Q: Is there any insurance provided for DEFED smart contracts?

A: DEFED Treasury has set up a risk fund to cover accidents. Of course, more risk countermeasures are in the prevention part, so DEFED will provide 2 contract smart security audit reports. At the same time, along with the progress of the project, DEFED will start a Bug Bounty campaign for the whole DAO.