A secure contract address is the backbone of your Hyperliquid trading experience. To ensure that your assets remain protected, consider the following factors that contribute to the overall security of your contract address:
- Audit Status: Confirm whether your contract has been audited by reputable firms.
- Multi-signature Requirements: Implement multi-sig wallets to add an extra layer of security.
- Upgradability: Ensure that your contract can be upgraded to patch vulnerabilities without losing user funds.
furthermore, being aware of potential threats is crucial. Here’s a speedy glance at common risks associated with contract addresses:
| Risk | Mitigation |
|---|---|
| Phishing Attacks | Educate users about identifying fraudulent links and sites. |
| Smart Contract Bugs | Regularly review your code and engage with community developers. |
| Malicious Code | Utilize open-source solutions and conduct thorough testing. |
