Are audited protocols safe?
Many protocols’ contracts can be upgraded through proxy contracts, and the admin key that controls upgrade permissions is itself a risk.
After deployment, smart contracts execute automatically according to their code. If a code vulnerability is exploited, assets may be stolen and very difficult to recover.
The most important thing to keep in mind when managing funds: revoke token approvals for protocols you don’t use often.
$ETH 2052.23(-3.84%)
Many protocols’ contracts can be upgraded through proxy contracts, and the admin key that controls upgrade permissions is itself a risk.
After deployment, smart contracts execute automatically according to their code. If a code vulnerability is exploited, assets may be stolen and very difficult to recover.
The most important thing to keep in mind when managing funds: revoke token approvals for protocols you don’t use often.
$ETH 2052.23(-3.84%)