🔐Security & Risks

Security & Risks

In the space of crypto, especially in the Decentralised Finance (DeFi) space, users have to understand the risks of projects and smart contracts before venturing into DeFi. We call this DYOR (do your own research).

CougarSwap Vault is a fork from Autofarm.network. We inherrit the strong security with many Audit report and Safeguards from AutoFarm.

Audit reports

General DeFi Risks

DeFi risks encapsulate a wide range of risks such as impermanent loss to risks of falling for scams such as wallet draining, private key being stolen, et cetera. Hence, DeFi users have to be careful themselves and learn to educate themselves constantly in this space. You can find a guide to keeping your funds SAFU here.

Smart Contract Security & Risks

Smart contracts are an innovative way for cryptocurrencies to interact with one another and with dApps (decentralised applications). However, due to the complexities that come with smart contracts, certain smart contracts may be prone to hacks. We've mitigated this risk by equipping all smart contracts with 12hour time-locks and having reputable auditors audit the entire project.

Fun Fact: Most of our vaults are operated using only 1 contract (not creating new contracts for each vault), so new vaults are created using the same construction (but with different constructors; which are the parameters/inputs to the contract). Working according to this mechanism assures the following:

  • Vaults will be audited end-to-end

  • Shorten the time needed to implement new vaults

  • Focus on adding value other than the creation of smart contracts

3rd Party Risks

CougarSwap Vault serves as a yield aggregator by providing vaults that auto-compounds rewards. However, vaults do not indicate any partnership or support by Cougar Team. We've mitigated this risk by splitting the vaults into 'regular vaults' and 'non-$CGSV earning vaults' based on the individual yield farm's reputability on the network space, of which 'non-$CGSV earning vaults' are considered riskier and specified on the platform by an explicit warning:

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