Security and Risk
Smart Contract Security
VAULTIFY has undergone multiple third-party smart contract audits to ensure the safety and integrity of the platform. These audits analyze all smart contracts for vulnerabilities, ensuring that user funds remain secure.
Risk Factors
Liquidation Risk: If the value of your collateral decreases and your loan becomes under-collateralized, the system may liquidate your collateral.
Market Volatility: Crypto markets are volatile, which could affect both your collateral and the borrowed asset's value.
Smart Contract Risk: While VAULTIFY is audited, no smart contract is completely risk-free.
Insurance and Safeguards
VAULTIFY is integrated with decentralized insurance providers, allowing users to insure their funds against risks like smart contract exploits or platform hacks.
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