β£οΈZenChain Warnings
The use of ZenChain does not come without risks. Before using the platform, it is important to research and understand the risks involved in using ZenChain.
Users should NEVER supply your life savings, or assets you can't afford to lose, on ZenChain.
Smart Contract Audits
While we do our best to eliminate all the possible risks, DeFi is an industry where events that no one predicted can occur. Security audits do not eliminate risks completely. Please do not deposit your life savings, or assets you canβt afford to lose, into ZenChain .
Third Party Protocol Risks
Collateral deposited into ZenChain smart contracts are redeployed to other protocols to earn yield.
This means that the security of the asset deposits are subjected to the security of the third party protocol where the assets are deployed into.
For the list of protocols that collateral assets are redeployed into...
Price and Liquidation Risks
Asset deposits are subject to systematic risks, which means that price fluctuations and market changes affect the market value of collateral deposited into ZenChain, and may result in trading losses for traders using ZenChain
In the event that a user's trading losses exceed the liquidation threshold, the user's trading portfolio and collateral assets will be fully liquidated to pay back lender funds.
Users should be aware that negative trading outcomes may result in the potential loss of all collateral deposited by the user.
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