Are there risks?

Web3 is a nascent industry that has shown that no platform or protocol is truly safe. In the case of Replete, or any DeFi application, there are many risks: liquidation, front end, governance, smart contract, bridging, network and more. Make sure you understand these risks appropriately before engaging with any blockchain application, including Replete.

At a later stage the DAO intends to launch and formalize a bug-bounty program for clarity and transparency on various risk vectors. In the event you have spotted a risk or bug, please reach out to core contributors on Discord.

As a general rule of thumb in web3, do not supply more assets than you can afford to lose.

Audits

Before deploying to mainnet Replete will undergo security audits. The goal of the audits is to prioritize user funds, community safety and protocol architecture. Upon launch to mainnet more details about security audits will be disclosed.

Note that for testnet no security audits have been conducted.

Remember that no protocol is truly safe and that as the industry and Replete continues to mature, so will the different risk assessments as well.