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Coslend is developed by a team with rich experience on outstanding DeFi projects, more than 3 years of experience working on the crypto-related business, as well as strong financial background knowledge and awareness of risk control.
We choose to remain anonymous but rest assured we are qualified to build a secure lending protocol.
We understand that anonymous devs may make some users feel insecure. To mitigate these concerns, we promise that:
  1. 1.
    All the codebase of Coslend will be open source, everyone is able to examine the code and debug before using Coslend.
  2. 2.
    Ownership of all Coslend smart contracts will be placed behind a Timelock contract with a two-day delay for any actions.
  3. 3.
    We will inform the community prior to any admin-related actions involving the timelock. We encourage community members to monitor all transactions related to the timelock.
  4. 4.
    Using Multi-signature management.
While we will do our best to ensure the safety of user funds, we must remind all users that this is new technology and not without any risks. Do not supply too much funds more than you can afford to lose. If you are nervous about security, we would suggest you to wait until the protocol has been running for a while before interacting with it.