Security Measures

At Folks Finance, security is a top priority, ensuring users' funds are fully protected from potential threats. The protocol incorporates a robust range of security measures to maintain the platform's integrity and reliability.

Key Security Measures

Smart Contract Audits:

Folks Finance undergoes regular audits by leading security firms to identify and fix vulnerabilities in its smart contracts.

Immunefi boost programs:

Folks Finance performed two Immunefi boost programs:

Bug Bounty Programs:

The platform incentivizes the community to identify and report potential vulnerabilities through bug bounty programs. Folks Finance has stumped up $100,000 as a bounty for hackers who can identify vulnerabilities in the code.

Rate Limits:

  • To minimize risk and limit potential losses, rate limits are imposed on the maximum amount that can be transferred within a given period.

  • This mechanism helps prevent large-scale exploits and ensures controlled value transfer across the protocol.

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