🔏Security
Last updated
Last updated
Your trust and peace of mind is critical to us: Polycat has been built ground-up with security in mind.
The Polycat team are experienced Solidity developers; you can rest assured that we have the knowledge and expertise to deliver secure and innovative products to the DeFi space!
Read more about our background, experience, and ethos.
We have completed five audits so far: one by TechRate, two by Obelisk (I & II) and two by Paladin (I & II)
Another two are in progress by CertiK and Obelisk
Polycat was designed to be provably secure--please feel free to verify our source code. We have removed the commonly abused migrator code and added timelocks for full transparency and security.
🚚 Migrator functions have been removed: no rugpulls here!
The Migrator is often used by malicious developers/hackers to steal users' funds.
This is impossible on Polycat, as the migration capability has been completely removed from our code.
This protects users against a rugpull, as well as hackers exploiting the smart contract to invoke the migrator function.
⏳ Timelocks
Our timelock delay started at 3 hours and was upped to 6 hours. The plan is to eventually increase it to 12 and finally 24 hours.
Timelocks prevent any unseen and immediate changes to the Polycat smart contracts. Changes are locked for a period of time and can be monitored publicly, alerting users to any changes.
Without timelocks, malicious parties can modify smart contracts immediately, giving no warning to the users.
If a change is queued in the timelock and you disagree with it, you then have a period of time to withdraw your funds and alert others before the changes are pushed through.
