yAxis V3 — Vault Security

  • Audits. A prerequisite for all new protocol releases are security audits. Leading up to the V3 vault launch, yAxis carried out two comprehensive security audits.
  • Halt flag function. The halt flag function is an in-house built security feature that guards against attempts at malicious Governance.
  • yAxis and smart contract interactions. A key security feature of yAxis V2, is how external smart contract interactions are disallowed by default. This security solution prevented any type of flash loan or re-entrancy type of attack.
  • Open-source code. The diligence and responsiveness of the open-source community to security problems is incredibly beneficial. The fact that we have had “eyes on” our code ever since V1, has aided in identifying and fixing problems whenever they became apparent.
  • Rather than have our code molder in a proprietary environment, yAxis has benefited immensely from open-source transparency and we look to continue to embrace and to support this approach as we launch V3.
  • Multisig team wallet. Multisignature wallets (or multisig, for short), are cryptocurrency wallets that require two or more private keys to sign and send a transaction. yAxis utilises Multisig wallets for all of its transactions, ensuring that no one or two people are able to withdraw funds from team accounts.
  • Better protocol visibility through new and improved UX/UI. With the launch of V3, the team continues to provide the consistent yAxis experience users have come to expect. This familiarity, coupled with enhanced ease of use V3 features, will continue to foster trust and to promote security when interacting with our product.
  • Chainlink Keepers. The integration of Chainlink Keepers within the yAxis protocol will introduce increased levels of security and protocol efficiency. This integration will provide the yAxis development team with built-in access to a decentralized, provably reliable, and crypto-economically incentivized network of Keepers that will securely automate critical smart contract functions, resulting in more decentralised fund management and quicker response times in case a utilised strategy is exploited.
  • The YAXIS DAO (Decentralized Autonomous Organization). All well-governed DAO’s can provide technological and community solutions for the evolution of the ecosystem, including security reviews of proposed project advances. In the case of yAxis, all new vault strategies are presented to, and then voted on by the yAxis stakers.

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