Safeguarding Protocol-Owned Assets!
As our protocol generates more and more Treasury-Owned Liquidity, we need a robust and secure place to store it all. That's where our treasury contract comes in. It has an essential role in our ecosystem as a digital fortress, safeguarding all the LP tokens generated by the protocol. Not only that, it will also hold the BUSD that serves as a backstop for bYSL.
That’s why we have taken a comprehensive approach that integrates multiple layers of protection when it comes to safeguarding our treasury contract.
First, we have custom-built the treasury contract to have limited interactions with external parties, whereby only on-chain smart contracts that have been whitelisted will be able to interact with the treasury contract. Second, ordinary BEP-20 wallet addresses will not be able to interact directly with the contract - effectively eliminating the possibility of external manipulation.
Taking this a step further, we have integrated a Protective Outer-Layer (POL) to ensure only a nominal amount of treasury-held BUSD will ever be able to leave the treasury at any moment in time. By capping the amount of BUSD that's available in our POL, we can ensure that even if the contract is breached, the consequences will be limited.
Finally, our Price Stability Model (PSM) will be working in tandem with these safeguards to provide an additional layer of security and stability for our treasury-held BUSD by limiting the transmittance of BUSD from the contract to 1% per transaction per user over a 24 hour period - known as the Treasury Transmittance Rate.
Together, these series of measures will help ensure all treasury-held BUSD and all protocol-owned liquidity is insulated from all possible external manipulation.
👉 Learn how the Price Stability Model (PSM) ensures optimal stability and resilience