full image - Repost: LeverFi Risk Warnings (from Reddit.com, LeverFi Risk Warnings)
Mining:
Exchanges:
Donations:
Smart Contract AuditsLeverFi smart contracts are audited by Peckshield and Beosin. While we do our best to eliminate all the possible risks, DeFi is an industry where events that no one predicted can occur. Security audits do not eliminate risks completely. Please do not deposit your life savings, or assets you can’t afford to lose, into LeverFi.Third Party Protocol RisksCollateral deposited into LeverFi smart contracts are redeployed to other protocols to earn yield. This means that the security of the asset deposits are subjected to the security of the third party protocol where the assets are deployed into.For the list of protocols that collateral assets are redeployed into, please reference the Supported Collateral List.Price and Liquidation RisksAsset deposits are subject to systematic risks, which means that price fluctuations and market changes affect the market value of collateral deposited into LeverFi, and may result in trading losses for traders using LeverFi.In the event that a user's trading losses exceed the liquidation threshold, the user's trading portfolio and collateral assets will be fully liquidated to pay back lender funds. Users should be aware that negative trading outcomes may result in the potential loss of all collateral deposited by the user.https://ift.tt/Cbh8Oqu
Social Media Icons