Governance, Security, and Audits

What type of governance mechanism does Lendr.fi use?

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.

What type of security audits has Lendr undergone?

Lendr on Certik Skynet

Security is a top priority for our protocol. The Lendr tokens and applications have been audited internally and externally by multiple third-party companies.

Security audits

• 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 Protocol and Stability Pool Final Report - March 2021
• Trail of Bits Liquity Proxy Contracts Report - March 2021

What other safety mechanisms are in place?

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.

Bug Bounty Programs

Lendr Bug Bounty 08/2023

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:

• Certik Bug Bounty Program
• Immunefi Bug Bounty Program (Launching Soon)