Security

Since drafting this paper, hackers have taken away about $7 billion from Web3. Even though Web3 has much to offer the masses, the insecurity in the space can scare off potential users.

Compound Finance, Curve Finance, Euler Finance, and Wormhole Bridge have all been victims of fatal attacks in the past.

There must be an enviable level of security if more people embrace Web3. We believe if Web3 saves people from the ugly hands of decentralization, we should offer them a better option that will make their minds at rest.

This is why we are particular about the quality audit at Lovely Finance Incorporation. Quality audits and penetration testing can prevent cases of hacks. This high level of security consciousness will prevent threat actors from ever exploiting our products.

We shall elaborate more about this under the “Security Consideration” of this whitepaper.