🛡️Governance, Security, and Audits
What type of governance mechanism does Lendr Network use?
The Lendr Network prioritizes decentralization and aims to be governance-free, meaning the protocol is governed by immutable smart contracts that any user can verify. This makes LendrUSD more trustworthy and censorship/regulation resistant.
Ownership of Lendr Network tokens, staking pools, and collateral control have all been renounced before launch. This can be verified by viewing the public smart contracts.
What type of security audits has Lendr undergone?
Security is a top priority for our protocol. The Lendr Network tokens and applications have been audited internally and externally by multiple third-party companies.
Security audits
Internal Pre-Testnet Launch Audit - Completed 5/10/23
Internal Pre Mainnet Launch Audit - Completed 5/29/23
External Pre-Mainnet Launch Audits
Audit by SolidProof - Completed June 2023
Audit by Certik - July 2023
External Post Mainnet Launch Audit - Coming soon after launch
Additionally, here are audits of the original Liquity code base that we forked:
Trail of Bits Security Assessment - January 2021
Audit by Coinspect - March 2021
Trail of Bits Liquity Proxy Contracts Report - March 2021
What other safety mechanisms are in place?
The Lendr Network is a registered company in the United States, and as such we follow strict compliance and regulatory guidelines.
We also aim to follow a variety of security best practices. The Lendr team uses multi-signature verification wallets to control protocol funds and we educate our employees on security best practices.
Bug Bounty Programs
Lendr Network will be launching multiple bug bounty systems including a partnership with the largest web3 bug bounty platform Immunefi. Here are our bug bounty programs:
Immunefi Bug Bounty Program (Launching Soon)
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