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  • Introduction to BENQI
  • πŸ’»DEVELOPERS
    • Overview
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  • πŸ›οΈBENQI Markets
    • Overview
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    • Getting Started
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  • πŸ’§BENQI Liquid Staking
    • Overview
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    • Liquid Staking App
  • πŸ”₯Ignite
    • Overview
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    • Ignite App
  • πŸ—³οΈNode Voting
    • Overview
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  • πŸͺ™Benqinomics
    • Overview
    • BENQI Miles & Progressive Decentralization
    • Token Distribution & Vesting
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  • πŸ“ŒRESOURCES
    • Github
    • Contracts
      • 🏦Core Markets
      • πŸ’±Isolated Markets (Avalanche Ecosystem Markets)
      • πŸ’§Liquid Staking
      • πŸ”₯Ignite
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      • ⛓️Price Feeds (Chaos Oracle)
    • Risks & Audits
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On this page
  • Smart Contracts Risks
  • Liquidation Risks
  • Risk Assessment & Management
  • Audits
  • BENQI Liquidity Market
  • BENQI Liquid Staking
  • Ignite
  • BENQI Isolated Markets
  1. RESOURCES

Risks & Audits

Last updated 7 months ago

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 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

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.

BENQI Liquidity Market

Smart Contract Audit by Halborn (May 2021)

BENQI Liquid Staking

Smart Contract Audit by Halborn (November 2021 - February 2022)

BENQI Liquid Staking Formal Verification by Certora (April 2022)

AAVE v3 sAVAX Formal Verification and Listing Stewards Audit by Certora (June 2022)

Ignite

Ignite Security Analysis by Dedaub (March 2023)

BENQI Isolated Markets

BENQI Isolated Markets Audit (2024)

Moonwell code4rena Analysis (October 2023)

Moonwell Finance Smart Contract Security Assessment (August 2023)

πŸ“Œ
Chaos Labs
Chaos Labs
Logo
Code4renaCode4rena
Logo
6MB
Benqi_Smart_Contract_Security_Audit_Halborn_v1_1.pdf
pdf
Smart Contract Audit by Halborn
3MB
Benqi_LiquidStaking_Smart_Contract_Security_Audit_Report_Halborn_Final.pdf
pdf
Smart Contract Audit by Halborn
375KB
benqiApril2022.md-Grip.pdf
pdf
sAVAX Smart Contract Formal Verification by Certora
296KB
steward-savax.pdf
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sAVAX on AAVE v3 Formal Verification by Certora
227KB
BENQI Ignite - Mar '23.pdf
pdf
Ignite Smart Contract Audit by Dedaub
143KB
BENQI Isolated Markets Audit.pdf
pdf
1MB
Moonwell_Finance_Contracts_V2_Smart_Contract_Security_Assessment.pdf
pdf