Security

Understanding the risks associated with Loop

Please reach out to [e-mail] if you have a security disclosure.

Audits

Audit 1 - Watchpug

An audit by Watchpug Security (https://twitter.com/WatchPug_) is currently ongoing. They were selected for their historical success on Code4rena.

• Points Program: https://notes.watchpug.com/p/18f13f46b9eE_mgb

• Entire Protocol: Coming soon.

Audit 2 - Code4rena

• Points Program: https://code4rena.com/audits/2024-05-loopfi#top

• Entire Protocol: Coming soon.

Risks

The Loop Protocol is designed with an emphasis on safety and security, yet, the inherent risks associated with any DeFi smart contracts are present. Our contributors have conducted extensive reviews of the smart contracts and conducted third-party audits to detect potential platform vulnerabilities before launch.

However, the potential of partial or total loss of your funds due to certain risks cannot be disregarded:

• Smart Contract Vulnerabilities

• Depeg Events / Liquidations

• Bad Debt

• Key Management

• Reliance on Ethereum

• LRT Risk (i.e., Slashing)

Economic Risk

Additionally, some sections of the site display information about reward rates, yield rates or other transaction-related rates. These rates include additional tokens that could be earned through Loop and might be presented as "APYs", "APRs", or other similar terms. These are forward-looking projections, which, despite being based on historical data, are subject to many simplifications, assumptions, risks, and uncertainties. These could lead to a substantial variation in the eventual token-denominated 'Rate.' While these rates are not meant to be exact predictions of the actual future Rate of a Pool, they serve as illustrative projections likely to be eventually inaccurate.