Smart Contract Risk

Reliance on the security of internal and external smart contracts introduces Smart Contract Vulnerability risk. Key parts of deUSD's system rely on smart contracts, most notably the mint/redeem functionality and the staking contract (for sdeUSD).

While mints and redemptions are currently gatekept to whitelisted addresses, anyone will be able to permissionlessly mint or redeem (via our network) in December.

Elixir mitigates these risks best as possible by conducting multiple formal and informal audits on both deUSD's token contract as well as staking and mechanism related contracts.