DeFiScan pfp
DeFiScan
@defiscan
Let's deep dive into one of the first protocols we reviewed: @pooltogether currently one of only three protocols scoring a Stage 2 - the max grade!
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DeFiScan pfp
DeFiScan
@defiscan
CHAIN: is the protocol built on solid grounds? @pooltogether is deployed on mainnet, giving this instance a Low risk score. PT is also on Base, Arbitrum, and Optimism, which are @l2beat stage 1 L2, and thus these instances would score a Medium risk score on that dimension
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DeFiScan pfp
DeFiScan
@defiscan
UPGRADABILITY: can an update rekt me or significantly change the protocol? Here again, @pooltogether scores a Low, considering the protocol is immutable with all permissions revoked. Keep in mind however that PT harnesses other protocols, such as Aave, and inherits their risks
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DeFiScan pfp
DeFiScan
@defiscan
AUTONOMY: Could the protocol be impacted by the failure of tool or service it relies on? @pooltogether uses Witnet Oracle for the randomness draw, and its failure would impact future draws (=rewards), but users can still withdraw their deposits and rewards accrued so far => Low
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DeFiScan pfp
DeFiScan
@defiscan
EXIT WINDOW: Can I get out of here before an update I disapprove of? @pooltogether scores a Low risk score. Since the protocol is immutable, no change can be made; thus, no exit window is needed.
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DeFiScan pfp
DeFiScan
@defiscan
ACCESSIBILITY: Are there several ways to access the protocols, enabling users to keep interacting even if one fails? @pooltogether gets a Low score, considering it has 2 UI independent from the team.
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