Risk Mitigation
Zeebu takes a proactive stance on risk mitigation, addressing a spectrum of threats from technical vulnerabilities to economic attacks. The protocol's multi-faceted security strategy integrates safeguards at every level to create a robust ecosystem.
Zeebu's defense against smart contract flaws includes meticulous audits by six industry leaders and formal verification techniques. The protocol maintains an active bug bounty program and employs a time-locked, multi-signature process for contract upgrades.
Zeebu's token economics create an intrinsic link between network participation and economic stake, making collusion economically irrational. Smart contract parameters limit validator actions, further constraining the potential for malicious coordination.
On-demand Liquidity Provider (OLP) incentives and a dynamic fee structure create powerful motivations for maintaining robust liquidity pools. This economic design ensures market forces naturally counteract potential liquidity crunches.
A hard cap of 5 billion ZBU tokens eliminates unchecked inflation risk. A built-in burning mechanism adds responsive deflationary pressure, helping stabilize token value against market volatility.
Zeebu's decentralized architecture and multi-chain strategy eliminate single points of failure. The protocol creates operational redundancy and robust defense against disruptions by attesting data to multiple blockchain networks.
Security & Risk Management:
Areas | Efforts |
---|---|
Smart Contract | The smart contracts of the telecom ecosystem consumptive token have undergone thorough audits conducted by Certik and another agency. This ensures the security and integrity of the token's functionality. |
Disaster Recovery | To ensure business continuity, the application layer of the telecom ecosystem consumptive token is hosted on Microsoft Azure with geo-redundancy. This allows for seamless disaster recovery in the event of any disruptions. |
Security Measures | Penny Won, the Chief Information Security Officer (CISO), oversees active security tracking to identify and mitigate potential risks. The token project also plans to launch a bug bounty program and is considering hiring a security firm to further enhance security measures. |
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