In the light of the recent and important hacks occurred on BSC I’ve started to wonder whether an emphasis on security and even having the code audited is enough.
Projects are being exploited despite their legit team, their emphasis on security and audits by important firms. Not even their hard work suffices to avoid exploits or spot where the bug is once it has been exploited.
Which leads me to think that despite our efforts, bad things can happen and if they can happen, they’ll likely happen sooner or later.
That’s why I think it could be a good idea to put some funds apart in some kind of security fund that can be used to compensate user affected by some kind of exploit, hack, bug or whatever that could lead to a significant loss of funds that can’t be attributed to the user.
Kava protocol is implementing something similar.
Measures like this can be reassuring to the users and community.
What do you think?