As a user of Obligate, it is important to understand the potential risk associated with smart contracts. Smart contracts are self-executing contracts with the terms of the agreement written directly into the code. They provide tamper-proof and enforceable agreements, but also have inherent risks in their complex nature, especially with the value they hold.
The Obligate team takes this risk very seriously and has taken the necessary steps to ensure the safety and security of our smart contracts. The most recent version of the smart contracts has been through a rigorous audit process by two reputable security firms OtterSec and Sec3.
Obligate is not a lender, but facilitates lending through its platform. The risk of default on a lending platform is the potential for a borrower to not be able to repay the eNotes by maturity date. To avoid default risk, investors should thoroughly review the borrowing company and issuance before subscribing. Obligate also offers credit risk information provided by Credora. Credit information help issuers increase trust with investors. For more information visit Credora.
As an investor on Obligate, it is important to understand the risk of loss associated with self-custody digital asset management. As the owner of the digital assets, it is your responsibility to take the necessary precautions to safeguard your private keys and protect against unauthorized access.
To mitigate this risk, we recommend the following best practices:
- Regularly back up your key material
- Use secure storage solutions
- Implement multi-factor authentication for access
- Stay informed about the latest security protocols and best practices
By following these guidelines and staying vigilant, you can ensure the security of your digital assets. Remember, it is crucial to maintain the safety of your private keys and digital assets at all times.
If you have any questions regarding how to employ a secure custody solution please send an email at [email protected] . We're happy to help you find the right solution for you with one of our partners.