Assets on-chain are held in smart contracts. How safe are they, really?
Audit reports usually state what issues were found, their risk levels, and whether they’ve been fixed.
When you come across a new protocol offering far higher annual yields than similar ones, look into whether it’s been audited, whether the team is public, and whether the contracts can be upgraded unilaterally.
Ethereum, where $ETH is located, is one of the earliest public blockchains to support general-purpose smart contracts.
Have any of you misunderstood this before?
Make your own decisions about when to enter and exit—don’t follow the crowd.
Audit reports usually state what issues were found, their risk levels, and whether they’ve been fixed.
When you come across a new protocol offering far higher annual yields than similar ones, look into whether it’s been audited, whether the team is public, and whether the contracts can be upgraded unilaterally.
Ethereum, where $ETH is located, is one of the earliest public blockchains to support general-purpose smart contracts.
Have any of you misunderstood this before?
Make your own decisions about when to enter and exit—don’t follow the crowd.