In response to the recent Radiant hack, Kinza Finance looks ahead to learn from the incident, strengthen current measures, and explore new methods for securing the Kinza Platform.
Kinza Finance has put a priority on security from day one, and to this day, we have a zero incident record with a secure protocol thanks to audits, features, and our partners.
🔒 The upgrade role for Kinza smart contract is a timelock. This means there is an on-chain time buffer (currently 4 hours) when an upgrade is broadcast, before it can be executed. In a scenario like the recent incident, we would have had the time to be notified, react to, and prevent damage.
We will continue to prioritize security and sustainability, and do our part to build, support, and secure the future of DeFi ⚡️