Launching a novel DeFi primitive that users can trust demands the highest level of security. eBTC's dedication to creating a secure, decentralized protocol shows through its meticulous security measures and planning.
eBTC operates on immutable smart contracts, meaning that once deployed, they cannot be altered or tampered with. Additionally, the protocol is non-custodial, meaning users retain control over their assets at all times, reducing the risk of funds being lost or mismanaged by a centralized entity. Instead, it distributes control among participants, reducing the risk of manipulation or censorship.
🏢 eBTC's Minimized Governance framework.
Transparent governance mechanisms facilitate community involvement in decision-making processes. Hence, eBTC implements a Minimized Governance system, aimed at enhancing trustlessness and censorship resistance. This governance structure allows modification of select system parameters without compromising user trust assumptions, ensuring resilience, future-proofing, and security. Learn more here.
🔮 Oracles.
Furthermore, eBTC relies on Chainlink as its primary oracle provider, known for its decentralized and secure price feed oracles. In addition, there’s a fallback oracle system in place to ensure continuity of price data in the very rare event of oracle failures. Learn more here.
🕵️ Top-tier audits.
Additionally, there have been multiple top-tier audit reports and security reviews performed on eBTC. During the initial stages of eBTC development, the RiskDAO team was engaged to conduct a pre-launch system analysis, leaving a detailed report. You can find the rest all conducted audits listed on our official docs.
❓ If you find yourself in need of additional assistance along your eBTC journey, feel free to explore our Support Help Center or directly contact us. We're here to address any questions or concerns you may encounter within the eBTC ecosystem. Just click the chat button at the bottom right-hand corner of the screen and send our support team a message.