Smart contracts are audited. AI-based Crypto Fraud Score is used for transaction monitoring. System design protects from hacking.
Following security mechanisms are used:
- 2.SmartCredit.io has no access to client funds:
- 3.SmartCredit.io uses extensive AI technology for security:
- 4.SmartCredit.io is protected with the system design:
- Most of Money-Market-Funds are exposed to flash loan attacks - the attacker can take a flash loan and modify in the same transaction the price of collateral, take a loan, and pay back the loan. This exposes Money-Market-Funds to a wide range of attacks.
- SmartCredit.io is a fixed-term loan system. One cannot borrow and pay back the loan in the same transaction. Hence, one cannot use flash loans to attack the system. Which significantly reduces the potential attack vectors.