Security
Last updated
Last updated
We place a high value on the safety of our users and the platform. To enhance this aspect, we are implementing a crucial safety measure: allocating 5% of the protocol's profits into a dedicated insurance vault. The establishment of this vault is designed to provide a safety net during extreme market conditions or unforeseen events. Should users' funds be at risk, the insurance vault will be utilized for indemnification and compensation, ensuring that users do not suffer significant losses due to unforeseen market risks.
As a lending protocol, Pac Finance is committed to offering unparalleled security to its users by utilizing API3's First Party Oracles which are used to dictate whether borrows or liquidations are possible.
At Pac Finance, security is our top priority and we invest significant effort to create a safe and reliable protocol. The Pac Finance smart contract code are publicly verifiable and formally validated by top security firm.