Security Measures
Last updated
Last updated
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.
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.
