Equilibria Finance
  • Introduction
  • Why Equilibria
  • MECHANISM
    • Boost Pendle LP Yield
      • For Pendle LPs
      • For PENDLE holders
    • Fees and Rewards Distribution
      • Protocol Fees From LPs
      • Reward for Pendle LPs
      • Rewards for ePENDLE Stakers
      • Rewards for EQB Holders
    • APY Calculation
      • Why use current APY calculation
    • Vote and Bribes
    • Cross Chain
  • Token
    • EQB
      • Tokenomics
      • xEQB
        • Convert/Redeem
        • xEQB to vlEQB
        • Voting
      • vlEQB
      • Deflation Mechanism
    • Bridge
      • PENDLE
      • EQB
        • Ethereum <> Arbitrum
        • Ethereum <> BNB chain
        • Ethereum <> Optimism
        • Ethereum <> Mantle
        • Ethereum <> Base
        • Ethereum <> Sonic
        • Ethereum <> Bera
      • ePENDLE
  • Integration
    • Deployed Contracts
      • Ethereum
      • Arbitrum
      • BNB Chain
      • Optimism
      • Mantle
      • Base
      • Sonic
      • Bera
    • Fetch the votes
    • Fetch the user deposited position
  • Security & Risk
    • Audits
    • Risk Mitigation
    • Multi-Sig & Timelock
    • Bug Bounty
  • Campaigns
    • PENDLE BN launch campaign
  • LINKS
    • Equilibria Finance
    • Github
    • Twitter
    • Telegram
    • Discord
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  1. Security & Risk

Multi-Sig & Timelock

PreviousRisk MitigationNextBug Bounty

Last updated 4 months ago

We have adopted a proxy-based approach to implement contracts to prevent any unexpected issues from affecting our platform.

To enhance security, all upgrade permissions of the contract are under the control of a timelock governed by a 3/5 multi-sig held by Equilibria core contributors, as well as members of Incuba Alpha Capital, GBV Capital, and Pendle Finance.

Any contract upgrade undergoes comprehensive testing, auditing, and verification from the multi-sig signers. Following this process, an upgrade is made by the team, and the multi-sig signer proposes the upgrade with a 24-hour timelock. During the 24 hours, users can decide to stay or leave. After 24 hours, the upgrade will be effective on-chain. This approach was deemed necessary due to the many examples of mistakes leading to severe consequences for Web3 projects.

Consider, for instance, the case of Aku Dreams, which recently ended up forever locking $34M ETH in their contract. Should something similar happen with Equilibria, we could still upgrade the contract - albeit through a strict process - and allow the users to retrieve their assets.

Etheruem

Contract
Address

Multi-Sig

Timelock

Arbitrum

Contract
Address

Multi-Sig

Timelock

0x397aa01343B89F18934979824c3Ad227f251aFA0
0xe2A63438747D2c71E14BdC2Cc222be89B1C11D03
0x29828F442c98AAA71A853594fEc7C0C3806f0444
0x5C249A5F396638253470c4EaE7bc5092DDe21886