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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