Introduction

As Bonzo Finance expands its presence in the Hedera DeFi ecosystem, the protocol becomes an increasingly valuable target due to the growing sums at risk. Security remains an utmost priority. In addition to internal best practices and rigorous testing, Bonzo Finance is committed to undergoing thorough assessments by independent experts.

This comprehensive security approach covers all critical aspects of the protocol:

• Core lending and borrowing functionality

• The Safety Module

• Governance mechanisms (coming 2025)

External audits and analyses are designed to scrutinize various dimensions of the protocol:

1. Smart Contract Security: Experts meticulously examine smart contracts for potential vulnerabilities or weaknesses.

2. Algorithm Logic: The underlying logic and mathematics of algorithm reviewed to ensure accuracy and efficiency.

3. Stress Testing: Protocol undergoes stress testing to evaluate its resilience under extreme market conditions.