How safe is the money stored in DeFi smart contracts?
Here’s how I understand it: risks don’t come only from the contract code. Price feeds, other protocols it depends on, administrative privileges, and tampering with the website’s frontend can all lead to losses.
If the code is changed after an audit, or the deployed version differs from the audited version, the audit’s conclusions may not fully apply.
Ethereum, where $ETH is located, is one of the earliest public blockchains to support general-purpose smart contracts.
#ETH
Here’s how I understand it: risks don’t come only from the contract code. Price feeds, other protocols it depends on, administrative privileges, and tampering with the website’s frontend can all lead to losses.
If the code is changed after an audit, or the deployed version differs from the audited version, the audit’s conclusions may not fully apply.
Ethereum, where $ETH is located, is one of the earliest public blockchains to support general-purpose smart contracts.
#ETH