HFDX's security philosophy is built on minimal trusted roles and immutable core logic, while providing upgradeable periphery through governance:
Core Logic — Immutable smart contracts enforce all trading, margining, and liquidation rules.
Periphery Modules — Upgradeable via on-chain governance to allow feature enhancements.
Formal Invariant Design — Key system properties, such as pool solvency and margin invariants, are formally specified and enforced.
Recommended Security Processes:
Multi-round external audits by top-tier firms
Continuous monitoring of smart contract performance
Incentivized bug bounty programs for community participation
This multi-layered security framework is critical for institutional adoption and regulatory confidence.
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