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

Protocol security is a not a static process. Passing audits doesn’t mean that “security is done”. As the threat environment evolves, and best practices improves, there are always more to do.

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The Party Parrot

The Party Parrot

Liquidity Network for Lending & Borrowing