10. Safety and Security

For any bank, investment group or wealth management fund, there are risk mitigation parameters in place to provide confidence to the customer that their funds are as safe as can be. There are always risks but we pride ourselves on obtaining the safest and most secure strategies available to us.

However, in crypto there is not a fail safe like FDIC insurance that a bank would have. But, we can still implement a number of different safety measure to continuously increase the safety of our platform and the security of user liquidity.

  • Publicly available and reviewable audits

  • These are ongoing and will be made available as they become available to us. Additional audits maybe implemented from governance decisions as necessary or requested.

  • DAO and governance system

  • To ensure a decentralized and non-custodial operation. Custodial operations simply mean ‘not your keys, not your wallet’. $LSD will never promote centralization and are operating towards further decentralization of the liquid staking markets.

  • Staking pools that utilize multiple protocols for asset diversification.

  • Reduces risk of single location failure (i.e. an underperforming protocol) and increases quality of operations. With multiple protocols implemented, the quality of operations is spread across an average of performance and may be rebalanced as appropriate to remove underperforming players.

Overall, crypto markets very obviously do not have the level of reassurance and safety of traditional markets. However, there are numerous steps we can take to ensure the highest level of confidence from the user to entrust their liquidity to our operations. With this confidence, trust can be built through our quality and efficiency of deliverables back to the user. Through consistent and sustainable APR’s as well as quality and stable liquidity to survive any kind of storm thrown our way.

Last updated