Lorenzo Protocol $BANK Security:
To ensure the security of assets, the following measures are implemented:
Custody: The underlying assets allocated towards in the vault will be directly transferred to the custodial wallet / exchange prime wallet during the deposit transactions, depending on the CEX setup.
Multi-signature control: Assets in the custodial wallet are managed by a multi-signature mechanism involving Lorenzo, DeFi Partners, and security curators.
Freeze mechanism: If Lorenzo is notified by the trading platform that a specific transaction is suspicious, the corresponding LP tokens will be frozen through the contract’s freezeShares() method. Frozen LP tokens cannot be redeemed for underlying assets. The suspicious capital will also be detained per CEX's request.
Blacklist: If Lorenzo identifies a risk associated with a specific liquidity provider, the wallet address will be added to the blacklist via the contract’s addBlacklist() method. Wallets on the blacklist cannot perform any operation on Lorenzo's vault platform.
Monitoring API: Users can query the current blacklists and frozen asset lists through the partner API.
#LorenzoProtocol @Lorenzo Protocol $BANK
