Security

What features make Pondo secured?

Decentralized Validators

The protocol does not choose nor preference any validators in the network. Instead, an auto-rebalancing mechanism ensures that the protocol delegates to the best validators. This provides a simple way for large token holders to delegate and forget without worrying about whether or not their allocations are going to the right validators.

No DAO

The protocol will accumulate fee revenue that will back a new token to reward participants in the ecosystem for integrating with the protocol and incentivizing liquidity. There is no voting. Pondo takes the Uniswap approach of introducing a stand-alone protocol and plan upgrades as entirely new versions.

Future-proof

Core to the protocol is a boosting mechanism that enables validators to “boost” their perceived APY. As MEV or other sources of validator revenue become available in the coming years, validators will be able to contribute their revenue back to the protocol, boost their perceived APY, and thus potentially receive a larger delegation.

Security Audits

Pondo smart contracts went through multiple security audits from established auditers as ZK security.