Security Measures
Security is a paramount concern ofid' Folks Finance, ensuring that users' funds are protected against threats. The protocol employs a comprehensive set of security measures designed to safeguard 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.
Audits ensure that the codebase adheres to the highest security standards and best practices in the industry.
| Audit firm | Link |
|---|---|
Ottersec | |
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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