Risks & Audits

Smart Contracts Risks

The protocol will be interacting with a number of smart contracts, all of which imposes risks. This can be both known and unknown risks that could result in the failure or vulnerability on the smart contracts which could result in assets being locked or lost forever.

Liquidation Risks

Assets that are supplied or borrowed on the protocol could fluctuate in value due to the systemic risks of the issuing platforms or market volatility, including the loss of peg of certain pegged assets. This could result in the liquidation or closing of a user's position.

Risk Assessment & Management

BENQI works closely with Chaos Labs on the risk assessment and management of assets for the BENQI Liquidity Market (BLM) to safely maximize capital efficiency. The BENQI Chaos Labs Dashboard displays risk monitoring done on BENQI Liquidity Market

Chaos Labs

Audits

BENQI will be continuously pursuing security audits for the protocol. However, security audits don't eliminate risks completely. Please do not supply your life savings, or assets you can’t afford to lose, to BENQI, especially as a liquidity provider.