Pinjam
  • What Makes Pinjam Better
    • 🏑Welcome to Pinjam
    • 🌞Protocol-to-Protocol Lending
    • πŸ˜™Get Paid To Borrow and Deposit Incentives
    • 🎑The Yield Flywheel
    • πŸ§‘β€πŸš€DeFi Evolution
    • πŸ”’Security
  • Pinjam Ecosystem Tokens
    • βš’οΈToken Utility
    • 🎁PINKAV Rewards
    • πŸ”Staking vs Locking
    • 🍯Protocol-Owned Liquidity (3,3)
    • 🏒Token Buyback
    • $PINKAV (Kava)
      • πŸͺ™Tokenomics
      • πŸͺ‚PINKAV Airdrop Program
      • πŸ‘»PINKAV Reward Emissions
    • $PINTLE (Mantle)
      • πŸͺ™Tokenomics
      • πŸͺ‚$PINTLE Airdrop Program
      • πŸ‘»$PINTLE Reward Emissions
  • Pinjam Growth Strategy
    • ⛓️Multi-Chain Expansion Strategy
    • ⛏️Liquidity Mining Programme & PINKAV Bribes Distribution
    • πŸ—ΊοΈPINJAM Roadmap
    • Pinjam on KAVA
      • 🌊Liquidity Generation Event (LGE)
    • Pinjam on Mantle
      • 🌊Liquidity Generation Event (LGE)
      • 🀸KOLs Ambassadorship Program
  • Your Guide to Using Pinjam
    • πŸ–₯️Basic Overview of Pinjam's Interface
      • Pinjam Home/Markets Page
      • Pinjam Reserve Overview Page
      • Pinjam Dashboard Page
    • βš’οΈBasic Functions
      • Depositing and Withdrawing
      • Borrowing
      • Repaying Loans
      • Collateral
      • Idle Liquidity Utilization
      • Claiming Worked Yields
  • Important Links
    • πŸ–±οΈWebsite/Social Profiles
    • πŸ“™Reading Materials
    • πŸ“œContract Addresses
    • πŸ”¦FAQ
    • πŸ‘ΎPinjam's License Usage
    • 🀠Legal Disclaimer
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  1. What Makes Pinjam Better

Security

The Security Precautions Taken By The Team

PreviousDeFi EvolutionNextToken Utility

Last updated 1 year ago

Smart Contact Audits

The Pinjam Protocol is heavily based on AaveV2 and Geist Finance. The full audit report can be found here with no critical findings and all low level findings resolved.

Risk Management With Protocol-to-Protocol Lending

The team behind Pinjam Protocol has set up a unique monitoring infrastructure to monitor the underlying liquidity of the integrated protocols, creating a new metric`Collateralization Factor`.

This means if the vault has $100 at worked in a yield source with $400 of liquidity, the collateralization factor is 400%.

The moment the collateralization factor drops below 150%, the vault will automatically start withdrawing from the yield source in order to avoid the risk of accruing bad debt and to ensure sufficient liquidity for Pinjam Lenders.

Any new Protocol Integration will go through a governance process.

Custom Oracle Backstop If Assets Depeg

The team has also created our own on-chain emergency oracle for the purpose of functioning when our main oracle is non-functional (at this moment, Witnet) and/or a depeg situation occurs for our assets.

Here's the reason why.

Right now, Witnet is pulling asset prices from exchanges which will be entirely unreliable when it comes to depeggings.

Witnet also does not properly monitor bridged assets (which is very crucial) and their price oracle can be faulty too.

Our on-chain emergency oracle will be pulling from Equlibre's price feeds which will be more accurate - thus ensuring that liquidations are executed as expected should depeggings occur.

πŸ”’
Pinjam Smart Contract Audit by Solidity FinanceSolidity Finance - Smart Contract Audit Services
Vault Info on Reserve Page
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