🔓Security & Transparency

Prioritizing Safety and Security

At Yield Magnet, the safety and security of our users are our paramount concerns. While our Pools are designed to resist price manipulation, they may still have certain inherent vulnerabilities. Pool managers can invest pool funds in any ERC20 token, which means they might make investments in honeypot or rug pull tokens, whether knowingly or unknowingly. As Yield Magnet Pools are continually evolving, occasional issues like these may surface. It is essential to be aware of the associated risks when using our Pools and to know how to safeguard your interests.

Since the risks associated with Pools are intertwined with those of investing in ERC20 tokens, the same safety rules that apply to general crypto investments are applicable to our Pools. The most effective way to protect your interests is by investing exclusively in Pools managed by trustworthy individuals.

Despite these potential challenges, Yield Magnet Pools are designed to withstand various types of attacks, including reentrancy and oracle manipulation. Your funds remain secure within a pool, as pool owners have the ability to swap assets within the pool but cannot withdraw any assets. This guarantees the safety of your deposit, which can only be withdrawn by you.

Rest assured, we are committed to providing a safe and secure environment for your investments at Yield Magnet.