DeFi | Are audited projects safe?
Many protocols can upgrade their contracts through proxy contracts, and the multisig account that controls upgrade permissions is itself a risk.
An audit does not guarantee safety: audits are limited in scope and time. They can only reduce the likelihood of common vulnerabilities, not eliminate every problem.
Ethereum, where $ETH is located, was one of the first public blockchains to support general-purpose smart contracts.
When you come across a project promising high returns, be cautious.
You bear the risk yourself—just chatting.
Many protocols can upgrade their contracts through proxy contracts, and the multisig account that controls upgrade permissions is itself a risk.
An audit does not guarantee safety: audits are limited in scope and time. They can only reduce the likelihood of common vulnerabilities, not eliminate every problem.
Ethereum, where $ETH is located, was one of the first public blockchains to support general-purpose smart contracts.
When you come across a project promising high returns, be cautious.
You bear the risk yourself—just chatting.