Risks

Smart contract risk

With any DeFi protocol, the risks of malicious hacks and bugs must be considered. While these risks naturally decrease over time as the protocol proves its resilience.

To mitigate smart contract risk, GLIF:

• has undergone professional security audits
• constantly monitors the protocol for unusual activity and behavior
• controls admin functionality to pause the contracts in case of malicious behavior or attacks
• continuously runs ongoing live data checks to ensure the contracts are operating correctly

Slashing risk

At the time of writing this documentation, slashing has not yet been implemented or enforced on the underlying ICN Protocol. As a result, slashing risk is not yet a concern, however, the protocol will be setup to monitor for slashing risk once slashing is turned on. Slashing mitigation techniques will be implemented once the slashing mechanism is more well known.

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