FriggLiquid
  • Welcome
  • FriggHome: The Ecosystem Behind FriggLiquid
    • What is FriggHome?
      • The vision of FriggHome
      • DePIN: A decentralized Infrastructure for the modern internet
      • Combining DeFi, hardware, and IoT
    • How FriggLiquid Fits into FriggHome
      • FriggLiquid as the entry point to the ecosystem
      • Synergy with future products (FriggBox, FriggChain, FriggLock)
  • FriggLiquid: The LST Aggregation Platform
    • What is FriggLiquid?
    • Why Use FriggLiquid?
  • How FriggLiquid Works
    • The Core Mechanism
    • Step-by-Step: Using FriggLiquid
    • Liquidity & Swap Mechanism
    • Security & Decentralization
  • Benefits & Rewards of FriggLiquid
    • Key Benefits of Using FriggLiquid
    • Rewards & Incentive Mechanisms
    • Revenue Model & Sustainability
    • Community & Governance (coming soon)
  • Roadmap & Future of FriggLiquid
    • Detailed Roadmap
  • How to Use FriggLiquid
    • Step-by-Step Guide
    • FAQ & Troubleshooting
  • Security & Transparency
    • Fund Security & Smart Contracts
  • Basics
    • Where to Follow FriggLiquid
    • Images & media
    • Contact us
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On this page
  • 🔹 Security Measures of FriggLiquid
  • 🔹 Potential Risks in Using FriggLiquid
  • 🔹 Best Practices for Security
  1. Security & Transparency

Fund Security & Smart Contracts

Security is a top priority for FriggLiquid. While we aim to provide a safe and efficient platform for Liquid Staking Tokens (LSTs), it's important to understand the potential risks involved in DeFi.

🔹 Security Measures of FriggLiquid

FriggLiquid is built with robust security protocols to protect users and funds. Here’s how we ensure a secure ecosystem:

✅ Smart Contract Audits

  • All smart contracts undergo independent security audits before deployment.

  • Regular code reviews ensure vulnerabilities are addressed promptly.

✅ Non-Custodial Protocol

  • Users retain full control over their funds—FriggLiquid never holds your assets.

  • Transactions occur directly on the blockchain, reducing counterparty risks.

✅ MEV Protection

  • Integrated solutions help mitigate sandwich attacks and front-running when swapping LSTs.

✅ Decentralized Governance (Future Feature)

  • A DAO governance model will allow the community to vote on important updates and decisions.

🔹 Potential Risks in Using FriggLiquid

Despite our security measures, DeFi always carries risks. Here’s what you need to be aware of:

⚠️ Smart Contract Risks

  • Although audited, no smart contract is 100% risk-free.

  • Use FriggLiquid at your own discretion and only with funds you can afford to risk.

⚠️ Impermanent Loss (For Liquidity Providers)

  • If you provide liquidity in pools, your asset value may fluctuate compared to simply holding them.

⚠️ Volatility of LSTs

  • LSTs (e.g., stETH, rETH) may experience price deviations from ETH depending on market conditions.

⚠️ Gas Fees & Network Congestion

  • Transactions may fail or become expensive during high Ethereum network congestion.

📌 Security Tip: Always verify URLs and avoid phishing sites.

🔹 Best Practices for Security

To enhance security while using FriggLiquid, follow these best practices:

🔒 Wallet Security

  • Use a hardware wallet (Ledger, Trezor,...) for larger funds.

  • Enable 2FA where applicable.

🔒 Avoid Phishing Attacks

  • Double-check URLs before connecting your wallet.

  • Never share your private keys or seed phrase.

🔒 Smart Usage of DeFi

  • Diversify your assets to minimize risk.

  • Start with small transactions before committing large amounts.

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Last updated 2 months ago