Security & Risks
The overriding focus on safety and risk management is what sets ACryptoS apart from most DeFi projects.
In this section the major risks involved with investing funds in DeFi projects will be described along with the steps that ACryptoS have taken to mitigate these.
Note that the yield optimization strategies that ACryptoS employ mean that funds are staked on external projects, thus incurring 3rd party risks. Where applicable, these are also described below.
Be aware that investing in any DeFi project has risk. DeFi is relatively new and black swan events could occur that no-one has predicted. Only invest what you can afford to lose and always do your own research (DYOR) before committing funds to any project.
The protocol is under continuous development, and some strategies and vaults are in beta. Please DYOR and use at your own risk.
Resources
Article - What sets AcryptoS apart? by dev Axe.ACryptoS
Deployed Smart Contracts Addresses
All deployed contracts have verified and published source codes on BscScan.
Risks & Mitigations
Other Risks & Mitigations
Additional Notes on Risks & Safety
Maturity of project
ACryptoS is one of the longest running DeFi projects on Binance Smart Chain (launched in November 2020).
Furthermore, the smart contracts used in ACryptoS are forked from yearn.finance (Vault, Controller, Strategy), SushiSwap (MasterChef), Uniswap (Uni) and Curve (StableSwap). These are some of the biggest and most well-established projects in DeFi.
ACSI.finance is a direct implementation of Balancer V2 (BAL) as well.
APRs/Returns
APRs/returns shown on the UI include the performance and the workers fees, but do not include withdrawal fees, which will result in a negative return if you enter and exit a position quickly.
High returns/APRs almost certainly mean a high risk. The calculated APR/return depends on the underlying value of the token in the vault, the swap volume of the underlying pool and TVL of the vault, which can be very volatile.
Audits
Hacken - Review (16 Nov 2021) Hacken - Acsi.Finance (Balancer V2) (5 Nov 2021) Hacken - Complete (31 Mar 2021) Certik - CAKE Vault Strategy - 1 (24 March 2021) Hacken - ACryptoS Farm V2 - 1 (18 Feb 2021) DefiYield.info - 1 (28 Jan 2021)
Smart contracts are forked from yearn.finance (Vault, Controller, Strategy), SushiSwap (MasterChef), Uniswap (Uni), Curve (StableSwap).
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