Protocol Security and External Audits
At ParaSpace we seek to innovate not only on-chain capital efficiency but also security. We have built exacting internal security review methods, real-time protocol tracking, and work with a number of external auditors to ensure the safety of users' assets.
We take extreme care to ensure there are no smart contract or broader protocol vulnerabilities. To further protect user assets we have likewise implemented a smart contract timelock of any changes to the protocol and additionally a TimeLock which prevents a potential attacker from withdrawing or borrowing abnormally large sums of tokens within a single block
Our Withdrawal and Borrow TimeLock protects users' access from substantial unauthorized or exploit-driven withdrawals or borrows from the protocol.