Olympus Cooler
Rating
Score81.00
Sec. Infrastructure Overview
Recent Security Incidents
Incident
Amount Lost
Date
Past Audits
2
17
1 Jan 1
Past Audit Reports
Last codebase change was on: 1 Jan 1
- CompanyDateNumber of Vul FoundLink
- 1 Jan 10
- 1 Jan 10
Code Structure
0
12
0
Code Summery
Cooler Loans is a decentralized lending platform that enables OHM token holders to borrow DAI using their gOHM tokens as collateral. The application operates through a permissionless and immutable framework governed by Olympus smart contracts, providing users with reliable access to liquidity. Users initiate the borrowing process by creating a unique Cooler escrow contract and can request loans by specifying the amount of DAI to borrow or the amount of gOHM collateral to deposit. Interest on the loan is accrued upfront, and users can repay, extend, or default on their loans, with repayments first allocated to interest before reducing the principal.
Centralization
18 out of 20
No upgradability
Go to Dapp
2.00
Poor
Excellent
Admin / Governance Functions
Timelocks
Uses Timelocks
Pauseability
No pause
Admin Wallet
0xE6343ad0675C9b8D3f32679ae6aDbA0766A2ab4c
Use fixed TImelocks on Loan Expiration
Recommendations
Risks related to Olympus shutting down its Treasury due to an emergency are acceptable. clearinghouse incentivizes keepers to claim defaulted loans, so that that debt can be written off and the corresponding collateral burned.
User Rating
No ratings
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