OpenStake has implemented a Security Module to protect the funds of the platform and its users. The Security Module is controlled by the DAO, and 10% of the revenue generated by the platform goes towards funding the Security Module.
The Security Module is designed to compensate for any potential losses that may occur on the platform due to unforeseen circumstances such as hacking, smart contract vulnerabilities, or other security breaches. The funds in the Security Module function as a reserve that can be used to cover any loss of funds on the platform, ensuring that users' funds are protected.
The DAO is responsible for managing and overseeing the Security Module. In the event of a security breach or loss of funds, the DAO can initiate the use of the funds in the Security Module to cover any losses. This ensures that users are protected and that the platform's reputation is not compromised.
The use of a Security Module demonstrates our commitment to providing a secure and trustworthy platform for our users. By dedicating a portion of the revenue generated by the platform towards a reserve fund, we are able to protect our users' funds and provide them with peace of mind.
Overall, the Security Module is an essential component of our platform's security infrastructure. It demonstrates our focus on security and our commitment to protecting our users' funds.