Ensuring the Safety of Users' Funds

This is our highest priority.

  • Non-custodian
  • Tech Security
  • Account Protection

Non Custodian

With DeFiner, users are in full control of their funds at all times. There are no central human-controlled intermediaries that hold your private keys. Your funds are secured by smart contracts when they are on DeFiner.

Smart Contract Security

We’ve conducted rigorous internal testing from top security firms such as Trailofbits () and Quantstamp () to perform thorough audits of our systems. These audits and all our smart contracts are verifiable. For more details, read through the DeFiner Quality Assurance Process.

Over-collateralized Loans

All loans on DeFiner are over-collateralized, meaning the loan is backed by assets worth more than the loan. These are digital assets residing within the smart contract and available to go to the lender if the borrower defaults on the loan. The maximum Loan-to-Collateral-Value (LTV) ratio a loan position can be is 85%. On average, the LTV is below 50%, ensuring the overall default rate is very low. Read more details about this here.  

Admin-Account Safe Protection 

The DeFiner admin account can freeze the actions of our smart contracts for seven days. This grants us time to react to any malicious attacks and also to notify the affected user(s) before a theft occurs. This admin account is an on-chain multi-signature wallet, making it publicly auditable. It doesn't have any authorization to move users' funds.  

Insurance

DeFiner has partnered with Nexus mutual to provide up to $20,000 in coverage for each registered account with an outstanding balance of over $5,000.

DeFiner Protection Fund

DeFiner has set up an initial self-protection fund of $500,000. If there is any loss of users' funds because of any design or security flaw, DeFiner will be the first to absorb the loss.  

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