How safe are assets held in on-chain smart contracts, really?
This is how I understand it: contracts that have been running for a long time and have been tested with large amounts of funds are generally considered more reliable, but that doesn’t mean they’re free of vulnerabilities.
If the code is changed after an audit, or the version actually deployed doesn’t match the audited version, the audit’s conclusions may not fully apply.
What I do: in DeFi, I only invest funds I can afford to lose, and if I have a lot of funds, I try to spread them across different protocols.
Ethereum, where $ETH is located, is one of the earliest public blockchains to support general-purpose smart contracts. Current: 1893.84.
This is how I understand it: contracts that have been running for a long time and have been tested with large amounts of funds are generally considered more reliable, but that doesn’t mean they’re free of vulnerabilities.
If the code is changed after an audit, or the version actually deployed doesn’t match the audited version, the audit’s conclusions may not fully apply.
What I do: in DeFi, I only invest funds I can afford to lose, and if I have a lot of funds, I try to spread them across different protocols.
Ethereum, where $ETH is located, is one of the earliest public blockchains to support general-purpose smart contracts. Current: 1893.84.
