⚙️Nexsurechain Safety
Last updated
Last updated
Discover how the NexsureChain platform is designed to protect ALL our users and ensure the sustainability of our ecosystem.
Welcome to the NexsureChain Safety section 👋
The sustainability, security, and overall longevity of the NexsureChain protocol have been our primary focus since inception. We are not chasing overnight success; instead, we have been diligently building this ecosystem for over a year and plan to thrive for many more. This page details the measures we take to protect YOU, our user, and ensure the longevity of the NexsureChain ecosystem.
At NexsureChain, ensuring protocol safety against adverse events is paramount. To protect our users and the platform, we have adopted a risk-mitigated approach to all aspects of our operations. Explore some of our key safety features below 👇
Secured Collateral Requirement
Overcollateralization: All borrowers are required to be overcollateralized to maintain optimal liquidity within the protocol. This means users must provide more collateral than the amount they wish to borrow. This approach protects both lenders and borrowers by minimizing the risk of bad debt and ensuring that lenders' deposits are secure.
High Liquidity Assets Only
Liquid Asset Support: NexsureChain supports only the most liquid assets on the market. This strategy is designed to prevent protocol manipulation and systemic failures, similar to incidents seen in other platforms. Supporting highly liquid assets reduces exposure to easily manipulated debt.
Automated Liquidations
Liquidation Mechanism: The protocol automatically liquidates borrower accounts that fall into negative equity to eliminate bad debt. This process helps maintain ecosystem health and further protects the original lenders' deposits.
For lenders, these features mean you can provide assets and earn interest without significant counter-party risk.
For borrowers, this ensures you are less likely to end up with negative equity and face liquidation.
Other Important Safety Considerations
Non-Custodial Platform: As a DeFi ecosystem, NexsureChain allows you to access the platform directly from your wallet app. NexsureChain does not directly hold your funds when you use the platform, ensuring you always have 100% ownership of your crypto assets.
Exclusive Fund Access: Your funds are yours alone. Deposits cannot be accessed by any other wallet besides the original depositing address.
Comprehensive Risk Management: Our team is dedicated to ensuring the safety of users' funds and the longevity of our platform. With over 20 years of collective experience in traditional finance (TradFi) asset management, our founders ensure that NexsureChain's operations and treasury are managed with the same high level of scrutiny as award-winning funds.
No Flash Loans: NexsureChain does not offer flash loan functionality, eliminating concerns related to flash loan exploits.
NexsureChain is committed to providing a secure, transparent, and robust DeFi platform. Our dedication to user safety and protocol longevity ensures that you can trust NexsureChain with your financial assets and activities.
