Enjoyoors
  • WHITEPAPER
    • Introduction
    • User-abstracted rehypothecation
      • Giga CDP of Enjoyoors
      • Giga CDP design
      • Deep secondary liquidity for gigaAssets
    • Protocol stability
      • Efficient portfolio management
      • Supply regulation for gigaAssets
      • System-wide insurance
    • Risk management framework
      • Market risks
      • Technical risks
      • gigaAsset allocation rules
    • Decentralized system architecture
      • Public chain infrastructure
      • Orchestrator appchain
      • Oracles
      • Interchain communications
    • Key protocol features
      • Epochs
      • Reward auctions
      • Intelligent peg adapters
    • Further considerations
      • Making RWAs work harder
      • Own DeFi ecosystem
      • Our priorities
  • SYSTEM ARCHITECTURE
    • Overview
    • Public Blockchain Infrastructure
      • Vaults
      • gigaAsset Manager
      • Target Protocols
      • Target Protocol Adapters
      • Intelligent Peg Adapters
      • AMM Pools
      • Rewards Treasury
    • AVS Relayer
      • Relayers
    • Enjoyoors Orchestrator AppChain (L3)
      • Enjoyoors Management System
      • Orchestrator AppChain Layers
      • Security Mechanisms
      • Price Oracle
      • Governance
      • gigaCDP
      • Portfolio Management System
      • Auctions
      • Insurance Pool
    • gigaAsset Bridge
    • gigaAssets
    • Epochs
  • PROTOCOL FLOWS
    • Deposit
    • Withdraw
    • Auction
  • RISKS
    • Protocol risks
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  1. WHITEPAPER
  2. Risk management framework

Technical risks

Here, we focus on risks related to the protocol's technology stack and its potential vulnerabilities. The key pillars of defense against these risks are infrastructure redundancy and a rigorous approach to cybersecurity. Let’s explore how Enjoyoors prepares to address these challenges.

Risk

Description

Risk mitigation strategy

Oracle risk

Inconsistent or corrupt pricing information could lead to unintended synthetic supply shock or the insolvency of specific markets.

Enjoyoors integrates three oracle providers (Pyth, Chainlink, and Redstone) and organizes direct market feeds from a number of CEXes and DEXes.

All of these price feeds are then medianized and monitored in real time for outlier price detection. The failure of any single one or several of them simultaneously will not materially affect the Enjoyoors protocol.

Protocol Risk

Enjoyoors deploys gigaAssets to different protocols and should be aware of risks inherent to those protocols - both technical and non-technical.

Introduce a scoring model to assess protocol quality and security based on (but not limited to) the following factors:

Profitability — how much yield does the protocol earn.

Strategy - how is yield generated, and what are inherent risks to the strategy

Technology  —  how secure the protocol, its architecture, and codebase are.

Competition  —  SWOT analysis. Team  —  Core team and advisors.

Community  —  Sentiment and engagement analysis.

Business Model  —  Structural and legal analysis.

Technology risk

Potential for financial or operational loss due to flaws, vulnerabilities, or malicious actions within any part of the Enjoyoors technology (smart contracts, appchain, relayers)

Perform multiple audits and engage in public bug bounty programs plus white hack competitions. Integrate real-time monitoring and alert services with filters and thresholds catering to Enjoyoors use case.

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Last updated 3 months ago