Security

circle-info

With the emergence of decentralized financial (DeFi) apps, platforms are vulnerable to manipulation, making token security more important than ever. Unfortunately, such concerns do not have a simple solution. For an industry trying to go mainstream and ask developers of all backgrounds to start their own tokenized projects, security needs a standard.

Eslabon aims to set the industry standard for DeFi by enforcing one of its fundamental pillars, security, by implementing innovative features:

Anti-Whale System

Transfers that exceed 5 percent of circulating supply of $ESLB Token will be declined. This percentage will be reduced as the overall supply increases, thus preventing whales from accumulating a large percentage of the total supply and manipulate the price.

Anti-Bot System

Eslabon intends to mitigate price manipulation that bots can cause, so that we may provide our users with a sustainable environment. To make this possible, Eslabon employs a variety of technical measures. In addition, we make use of Chainlink Price Feeds in order to mitigate the possibility of flash loan attacks, and other front-running deterrents to make front-running unprofitable.

Projects that launch or list on Eslabon also have the option to employ these measures.

While Eslabon’s goal with the aforementioned procedure is to mitigate as much malicious behavior as possible, we recognize that upgrading our mitigation technology is a battle that we will have to wage, moving forward, as the DeFi space is ever-evolving. As more data is collected and new projects are posted, Eslabon intends to constantly review, monitor, and improve this process.

Last updated