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Audits & Risk Disclosure

Detailed disclosures of protocol risks and user considerations. Firm Finance code has been audited several times by Pashov Audit Group, and several independent auditors. It has also been scranned by Octane Security, an automated tested and security monitoring service.

See a list of audit reports here: https://github.com/firm-money/audit-reports/tree/main

Contract Risk​

Underlying Liquity contracts are audited and secure. Firm Finance Protocol is a fork of Liquity and inherits most of the same risks and security considerations, but with several differences.

Firm Finance protocol contracts (and all changes from the Liquity core contracts) have undergone multiple comprehensive security audits:

Security Audits​

Firm Finance code has been audited by Pashov Audit Group and several independent auditors. The protocol also underwent extensive testing with automated vulnerability testing by Octane Security, with reports available for each pull request on our GitHub repository.

For a complete list of all audit reports, visit our audit-reports repository.

Centralization Risk​

Firm Finance Governance​

Firm Finance Protocol is designed to be as limited and decentralized as possible. The only parameters in the protocol which can be updated or changed by Firm Finance governance are:

  1. Debt limits for each collateral type, which can be lowered at any time but only raised by a factor of 2x with a 7 day timelock.
  2. How to direct 25% of protocol revenue.

New collateral types can NOT be added by Firm Finance governance. FIRM can NEVER be minted by Firm Finance governance. The percentage of fees that are directed to the stability pool can NOT be changed by Firm Finance governance.

Saga EVM Network​

Firm is depdent on the security of Saga. If there is ever a critical issue with Saga EVM or other Saga infrastructure that could effect the safety of Firm.

Collaterals​

It is possible that some collateral tokens could be upgraded by respective DAOs or groups in the future. Conservative debt limits and over-collateralization ratios have been chosen to limit risks of this posing any issues.