Smart contract risks explained in three sentences:
In 2016, The DAO was attacked through a reentrancy vulnerability. Ethereum responded with a hard fork, while the original chain that did not fork continued as Ethereum Classic (ETC).
Risks aren't limited to contract code: price feeds, external protocols the contract depends on, administrative privileges, and tampering with the web frontend can all lead to losses.
When you see a new protocol offering yields significantly higher than similar ones, check whether it has been audited, whether the team is public, and whether the contract can be upgraded unilaterally.
$ETH 2241.92(-7.45%)
#ETH
The data is sourced from public information; please verify it yourself.
In 2016, The DAO was attacked through a reentrancy vulnerability. Ethereum responded with a hard fork, while the original chain that did not fork continued as Ethereum Classic (ETC).
Risks aren't limited to contract code: price feeds, external protocols the contract depends on, administrative privileges, and tampering with the web frontend can all lead to losses.
When you see a new protocol offering yields significantly higher than similar ones, check whether it has been audited, whether the team is public, and whether the contract can be upgraded unilaterally.
$ETH 2241.92(-7.45%)
#ETH
The data is sourced from public information; please verify it yourself.
