Parrot Protocol Security Enhancements

  • Locked down creation of new debt types and new vault types.
  • We added the feature to lower the debt-ceiling by burning excess PAI supply. This minimizes the amount of PAI controlled by the protocol, and thus limits potential losses if a hack should happen.
  • The protocol now restricts repayment and collateral addition only to the vault owners
  • The protocol now restricts unstaking and minting so that the destination addresses must be the associated token accounts of the vault owner.
  • Added additional redundant security checks for cases that are not strictly necessary.

Continuous Security

--

--

--

Liquidity Network for Lending & Borrowing

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

500$ Account Takeover

Online personal data: what are the threats to our digital identity?

Multi-Factor Authentication (MFA) on AWS

[Taklimakan Blog] Austrian COLOP Develops E-Mark Secure on Blockchain

IoT Security with SSL/TLS in MicroPython

Alcatraz Island

The Best Free DFIR Tool Handsdown

ENS Online Workshop 2020: Date Announced

How do Cloud MSPs Form a Relationship with Customers Via Security?

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
The Party Parrot

The Party Parrot

Liquidity Network for Lending & Borrowing

More from Medium

Call for dForce Governor

Venturing into GameFi: Update #1

Atlendis News | March 2022

Risk Harbor Core V2 Now Live with Aurora on Near!