🛡️Security
Last updated
Last updated
Moonwell is committed to providing a secure and reliable protocol for its users. To achieve this, Moonwell has implemented a comprehensive suite of security measures designed to mitigate risks, safeguard against potential vulnerabilities, and ensure the integrity and robustness of the protocol.
The following security measures have been implemented:
Security Audits
Moonwell smart contracts and systems have been throughly audited by one or more high quality auditors. These audits involve a comprehensive assessment of the protocol's codebase to identify and mitigate potential security vulnerabilities, ensuring the implementation of best security practices. Moonwell contributors work closely with auditors to address any security concerns identified during the audit process. This collaboration strengthens the overall security posture of the protocol.
Moonwell has partnered with Halborn Security, a leading blockchain security firm, to provide continuous monitoring and vulnerability scanning services for the protocol. Halborn Security's "Security Advisory as a Service" assists Moonwell in maintaining security by promptly identifying and addressing new vulnerabilities or weaknesses.
Chainlink Price Oracles
Moonwell utilizes Chainlink Price Oracles to ensure the accuracy and reliability of price feeds. Chainlink's price oracle technology employs a multi-layered security approach with data aggregation, delivering precise and tamper-resistant price information.
Reliance on Chainlink Price Oracles minimizes the risk of price manipulation, crucial for upholding the integrity of the protocol and safeguarding user funds.
Risk Management and Economic Simulations
Moonwell collaborates with Gauntlet, a leading provider of financial modeling tools and economic simulations. Gauntlet assesses potential economic risks and conducts simulations to optimize risk management strategies.
Gauntlet's risk management dashboard offers valuable insights for informed decision-making and effective risk management. This enhances the security and stability of the Moonwell protocol, ensuring its resilience even in volatile market conditions.
ImmuneFi Bug Bounty Program
Moonwell has partnered with ImmuneFi to offer a bug bounty program. This initiative aims to motivate security researchers to uncover and report vulnerabilities within the Moonwell ecosystem.
The bug bounty program offers rewards of up to $250,000 for researchers who successfully identify and report vulnerabilities. This proactive security measure promotes responsible disclosure and maintains a high level of security for the protocol.
Safety Module
The Moonwell Safety Module is an additional layer of protection against unforeseen events, such as smart contract exploits, liquidation failures, or oracle malfunctions. The Safety Module is implemented as part of Moonwell's security architecture, enhancing the protocol's resilience.
