Risks: how do we keep it safe?

Utopia
Apr 30, 2021

The security of the UC protocol is our #1 priority. That is why we are consantly working on its protection from any kind of attackers.

For example, we have incepted the mechanism that protects the oracles in the system from being controlled by attackers when using third-party oracle services (e.g. Chainlink). Utopia protocol adds the oracle sensitivity factor. If it is 5% in 10 minutes the oracle price cannot be amended more than 5% in 10 minutes. So to get changed at 15% it needs at least 30 minutes.

Such restrictions help ensure sufficient time for global liquidation.

For more information, visit our website:

https://utopiacoin.org/

--

--

Utopia

A metaverse project that transforms everything into blockchain!πŸš€πŸŒ•