Governance, Security, and Audits
Last updated
Last updated
Lendr.fi 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.fi tokens, staking pools, and collateral control have all been renounced before launch. This can be verified by viewing the public smart contracts.
Security is a top priority for our protocol. The Lendr tokens and applications have been audited internally and externally by multiple third-party companies.
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
Lendr.fi 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.
Lendr.fi 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)
