Security

Understanding the risks associated with Loop

Please reach out to [email protected] if you have a security disclosure.

Bug Bounty

There is an ongoing bug bounty for $100.000 on code4rena.

• Bug Bounty: https://code4rena.com/bounties/loopfi#top

Audits

Audit 1 - Watchpug

Watchpug Security (https://twitter.com/WatchPug_) has audited the Points Program and the audit for the entire protocol is currently ongoing. They were selected for their historical success on Code4rena.

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

• Loop Protocol:

  Report #01 https://notes.watchpug.com/p/18ea3089e2esgBHp Report #02 https://notes.watchpug.com/p/1909aa8a565HVvGe Report #03 https://notes.watchpug.com/p/190becc04cemgrXz Report #04 https://notes.watchpug.com/p/190c8fbf44ek5zZ4 Report #05 https://notes.watchpug.com/p/190dd9d39acrEJAv

Audit 2 - Code4rena

• Points Program:

  • https://code4rena.com/reports/2024-05-loop

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

• Loop Protocol:

  • https://code4rena.com/audits/2024-07-loopfi

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

• 3rd Party Protocol Risk (i.e., Pendle)

• 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.