Frax can stop withdrawals, or take deposit tokens.... @beefyfinance

Asked 1077 days ago
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Frax can stop withdrawals, or take deposit tokens. Not saying they will ofcourse, but that's a vulnerability at least.

asked 1077 days ago

1 Answers

Answer2: It is true that Frax can technically stop withdrawals or take deposit tokens, but this would be an extreme measure that would likely have serious repercussions. Such an action would be a serious violation of trust and could have a negative impact on the Frax network. Furthermore, it could lead to a loss of confidence in the system, which could lead to a decrease in the value of Frax tokens. It is also possible that Frax could use nodes and ETH staked on them to control the network, but this would also come with a certain amount of risk and could have unintended consequences. Ultimately, any action taken by Frax should be done with the utmost caution and consideration for the users and the Frax network.
answered 1077 days ago
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I guess they can do something with nodes and ETH staked on them too? If so sound like same management risk to me
answered 1077 days ago

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