If it passed an audit, why was the protocol still attacked?
Many protocols have bug bounty programs that reward white-hat researchers for reporting vulnerabilities.
When you see a new protocol offering much higher annualized yields than its peers, look into whether it has been audited, whether the team is public, and whether the contracts can be upgraded at will.
Ethereum, where $ETH is located, is one of the earliest public blockchains to support general-purpose smart contracts. Currently 2066.33.
Have you ever misunderstood this before?
This is just my personal opinion, not investment advice.
Many protocols have bug bounty programs that reward white-hat researchers for reporting vulnerabilities.
When you see a new protocol offering much higher annualized yields than its peers, look into whether it has been audited, whether the team is public, and whether the contracts can be upgraded at will.
Ethereum, where $ETH is located, is one of the earliest public blockchains to support general-purpose smart contracts. Currently 2066.33.
Have you ever misunderstood this before?
This is just my personal opinion, not investment advice.