DeFi | Are audited projects safe?
Many protocols can upgrade their contracts through proxy contracts, and the multisig accounts that hold upgrade permissions are risks in their own right.
Risks don't just come from contract code: oracles, other protocols a project depends on, administrative permissions, and tampering with the frontend can all cause problems.
Ethereum, where $ETH is located, is one of the earliest public blockchains to support general-purpose smart contracts.
There’s no shame in playing it safe. Staying in the game matters more than how much you make in one go.
#ETH
This content is for reference only. Make your own decisions.
Many protocols can upgrade their contracts through proxy contracts, and the multisig accounts that hold upgrade permissions are risks in their own right.
Risks don't just come from contract code: oracles, other protocols a project depends on, administrative permissions, and tampering with the frontend can all cause problems.
Ethereum, where $ETH is located, is one of the earliest public blockchains to support general-purpose smart contracts.
There’s no shame in playing it safe. Staying in the game matters more than how much you make in one go.
#ETH
This content is for reference only. Make your own decisions.