The God Mode Admin Keys! How many DeFi Projects have it?

News • 2020/09/25 • by
remitano

Majority of the DeFis launched on ethereum have the authorization to enter God mode and change everything the project. The number of DeFis that have this God mode feature is more than you can imagine.

Underpinning projects, modifying smart contracts, and even installing new smart contracts are all that it allows the developers to enjoy. User balances are also being adjusted.

Although the admin keys is an established way to secure users cryptocurrencies, crypto experts debate on how decentralized these DeFi projects are.

Many users are always looking for their admin keys, and in the process, they're faced with the question do this DeFi projects still use God Mode for admin keys, and many know about it while some don't know.

Numerous projects have been established by many other sources to protect admin keys and amongst them are is compound. However, many users listed their existing projects around the issue of surrounding admin keys.

Source: Cointelegraph.

Comments (1)
Guest
visiblemoney
6 years ago
Thanks to this revelation, it means Defi could be manipulated with God mode contrary to the general opinion held in high esteem that smart contracts are not manipulatable!

Our newsletter

The latest cryptocurrency market news, technologies, and help resources.