Since the creation of the protocol, we have been particularly focused on security and are committed to having top-level security. Currently, STFIL has passed security audits from Zokyo and Certik, and we are still seeking more security audits, and released a bug bounty program to enhance the security of STFIL and protect user funds.
The STFIL Whitepaper V1.5 smart contract has been audited by Zokyo
STFIL Audit Report-Zokyo.pdf
The STFIL Whitepaper V1.1 smart contract has been audited by Certik
STFIL Audit Report-Certik.pdf
Bug Bounty Program
In common with most other protocols, we also offer a generous bug bounty program to incentivize responsible security specialists to test the resilience of our code
Additionally, we have created a Risk Reserves account to mitigate risk. The Risk reserves account cannot withdraw and only accepts collections from stFIL. Anyone can provide funding support for Risk Reserves, and the STFIL DAO will also transfer part of their service fee to the Risk Reserves account.
Risk Reserves can be used to deal with unpredictable events or borrower defaults. This helps to ensure the controllability of the overall risk of the liquidity staking pool and reduce the risks faced by investors.
Priority to bear asset losses:
When stFIL holders in the STFIL pool face asset losses, the risk fund can give priority to those bearing these losses, thus avoiding a run on the token.
Enhance investor confidence:
By setting up Risk Reserves accounts, the STFIL protocol can provide investors with a safer and more reliable investment environment and enhance their confidence.
In general, the Risk Reserves fund plays an important role in the STFIL protocol. It provides an important risk management tool that can help protect investors' funds, reduce the possibility of risk problems, and enhance investor confidence.