🛡️Security

Moonwell Security Measures

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:

1. 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.

1. 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.

1. 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.

1. Code4rena Bug Bounty Program

Moonwell has partnered with Code4rena to offer a bug bounty program. This initiative encourages security researchers to discover and report vulnerabilities within the Moonwell ecosystem.

The program offers rewards of up to $250,000 for those who successfully identify and report issues. This proactive measure promotes responsible disclosure and ensures a high level of security for the protocol.

For more information, refer to the documentation on Code4rena.

1. 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.