Safety in DeFi; OCP Security Review
Pausing USDO minting, hardening platform smart contracts.
In light of recent DeFi hacks and CREAM exploits we are taking pre-emptive steps to further secure the safety of users and their assets on our platforms.
Beginning immediately - USDO minting has been temporarily paused, however users can still repay outstanding debt.
We are working closely with a freelance security expert who will perform deep penetration testing of our smart contracts, beginning with VAULT.
As outlined in a previous Medium, we already had planned a transition from COMP to VAULT style minting. This process will now be expediated.
Once VAULT passes security investigation we will enable minting for additional assets there.
We expect this two-fold approach to platform safety will be an ongoing process. Audits are excellent peace of mind, but more important are these secondary security checks, anticipating what a malicious entity might attempt. Checks from someone who can wear several hats, black and white.
What else to do in the OCP ecosystem?
Offers personal native-token compounding vaults with industry leading APY.
Our in-house auto compounding solution, leveraging farm rewards to increase users staked assets.
Our high capital efficiency low slippage AMM.
Similar to Curve but can also support assets not closely related in price.
Our white label farming SAAS for BSC, home to a variety of platform partner incentive farms.
Our multi-collateral money market.
Stake single-token assets here to earn APY from other users borrowing.
An NFT RPG set in our cyberpunk metaverse.
Drop 2 coming soon!
For more info and any further questions please reach out on our socials.
We are always active, and our most veteran and experienced community members ever eager to share their guiding wisdom.
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