Security

Improvement for Liquidation Risk

  • You run the risk of being liquidated if the price of the borrowed asset appreciates against the deposit token. Your position will be liquidated when the Debt Ratio (debt/collateral value) reaches the Collateral Factor.

  • This can be mitigated by maintaining a lower Debt Ratio on the borrowed tokens, monitoring positions during volatile market conditions, and taking notice before reaching the liquidation parameters.

Improvement for Smart Contract Risks

  • Smart contracts are audited by third-party firms, they could theoretically have vulnerabilities.

  • Mitigation: We run a bug bounty program to provide incentives for people who find vulnerabilities in our live code and come to us as opposed to exploiting them.

Itoken contract address

Last updated