Contract upgrades, admin keys, hacks & exploits

TaaE tokens have fixed scope and duration.
Every phase change, from bootstrap, distribution and redemption is one-way with predictable timing.
The final state of the system is that hodlers receive rewards and slowly drop out to the underlying asset as a one-way move, or hold a frozen asset indefinitely if they choose to.
Every new token event requires a new Trust with its own lifecycle.
If a vulnerability is found in a version of the Trust the theoretical maximum damage of an exploit is capped at the current locked reserve across the pool and token across vulnerableTrust contracts.
By versioning and newly deploying Trust contracts, any fix to a discovered exploit will be available for all new Trust contracts after that point. There are no admin keys as the Trust performs all administrative tasks on the child contracts.

Last updated 3 years ago

TaaE tokens have fixed scope and duration.
Every phase change, from bootstrap, distribution and redemption is one-way with predictable timing.
The final state of the system is that hodlers receive rewards and slowly drop out to the underlying asset as a one-way move, or hold a frozen asset indefinitely if they choose to.
Every new token event requires a new Trust with its own lifecycle.
If a vulnerability is found in a version of the Trust the theoretical maximum damage of an exploit is capped at the current locked reserve across the pool and token across vulnerableTrust contracts.
By versioning and newly deploying Trust contracts, any fix to a discovered exploit will be available for all new Trust contracts after that point. There are no admin keys as the Trust performs all administrative tasks on the child contracts.

Last updated 3 years ago