Multisig and timelock
Geist was developed by a team of industry veterans with significant previous experience working on DeFi projects. We choose to remain anonymous, but rest assured we are qualified for the task at hand. The codebase has been well tested and peer-reviewed, and is currently undergoing a formal audit which we expect to conclude within the next week. The audit results will be published as soon as it is completed.
As Geist is based on Aave, many of the core contracts are upgradeable by the owner. We understand that anonymous devs with the power to upgrade contracts may rightfully make some users feel uncomfortable. To mitigate these concerns, ownership of all Geist smart contracts will be placed behind a Timelock contract with a two day delay for any action. We will publish the address to this contract prominently, and inform the community prior to any admin-related actions involving the timelock. We encourage community members to monitor inbound transactions to the timelock.
While we have taken every precaution to ensure the safety of user funds and instill confidence in our work, we still must remind users that this is all new technology and not without risk. Do not deposit more than you can afford to lose. If you are nervous about security you may wish to wait until the protocol has been operational for some time without incident before interacting with it.
The Geist multisig is a 3/5 safe with non custodial admin rights over the Geist protocol.
The five people on the multisig are:
- Aveen Hujiari (co-founder Geist)
The Geist team has no intention to ever perform upgrades.
The multisigs can be found at those addresses:
Emergency multisig: 0xC03253FFc57bC863c6F593bDCe394B533DF6a182Team multisig: 0xfba9C0286ffec12fE4d6bdEB10dC67905EBD7A63
All admin rights to the Geist protocol are owned by a TimeLock contract with a 2 day delay. The timelock is deployed at:
Timelock: 0x7FB9a7cBc6689C1C79e37BF8f852adA44b10EfFCThe Geist team will always announce admin related actions prior to queuing them in the timelock.
You can verify the transfer of ownership by looking at the following transactions:
LendingPoolAddressesProviderRegistry: https://ftmscan.com/tx/0x6709bc6ce2a685145edf76229da141e26a9aa63364d0b0c51730dba9cfa85185
LendingPoolAddressesProvider: https://ftmscan.com/tx/0xed7683c7eaef06a0c9b41619da6fa7c16b666fc533ce3b4118b549a84d2d0331
ChefIncentivesController: https://ftmscan.com/tx/0xcc36a36c21bc729203d1578e59c2b21f42f89e0a174550ceae53edaf45ec9423
Last modified 1yr ago