Ensuring the Safety of Your Funds: The Trustless Unstaking Mechanism with Double Protection

In the dynamic and rapidly evolving landscape of decentralized finance (DeFi), the safety and control of users' funds is of critical importance. With the increasing popularity of DeFi, there is a growing need for reliable security measures that protect users' assets while also providing them with full control over their funds.

Responding to this need, Goat.Tech is pioneering an innovative solution - the Trustless Unstaking Mechanism with Double Protection. This mechanism provides two layers of protection for users' locked funds, ensuring maximum security and peace of mind.

In this article, we will explore how Goat.Tech's innovative approach ensures your funds are 'SAFU' (safe).

Secure Contracts and Modules - A Comprehensive Overview of Fund Protection

Goat.Tech has an extensive set of contract files and modules in place, each serving a unique purpose to uphold the security of the platform. There are 8 contract files in the "Contracts" folder and 10 contract files in the "Modules" folder, each carefully designed to prevent any unauthorized withdrawal or access to funds.

The Trustless Unstaking Mechanism with Double Protection is built mainly in the Controller contract and the Locker contract, each contributing to the protection and security of user funds. The Controller contract is an essential part of the core logic of the Goat.Tech platform. It grants admins the authority to manage protocol parameters to ensure smooth operation in response to new market conditions. On the other hand, the Locker contract serves as a secure storage hub for locked $ETH and $GOAT tokens, ensuring they are safe and inaccessible to unauthorized entities. Only the Controller contract can withdraw funds from the Locker contract, and only a user can approve the Controller contract to withdraw only his/her own funds. It's crucial to highlight that the Controller contract does not possess any function that would allow even system admin to withdraw funds from the Locker contract.

This two-tiered security measure gives users the confidence and assurance that their funds are safe and untouchable by anyone, including the pool owner and the developers of the protocol. The power to unstake staked funds rests solely and firmly in the hands of the users, thereby reinforcing the trustless nature of decentralized finance and demonstrating Goat.Tech's commitment to empowering users.

Cantina/Spearbit Audit: A Testament to Safety

Goat.Tech commissioned a comprehensive audit by Cantina/Spearbit to further validate the system's safety. Cantina/Spearbit, known as a comprehensive solution for all security needs and a network of leading security researchers, has also audited world-class projects such as Blast, Eigen Layer, Optimism, among others. This thorough and comprehensive audit enlisted the expertise of almost 100 security researchers. The audit's findings were meticulously addressed, and all identified issues were successfully resolved, which is a testament to Goat.Tech's strong commitment to safety and security.

In conclusion, the Trustless Unstaking Mechanism with Double Protection offers users a secure, reliable, and user-friendly platform for their funds. It ingeniously combines innovative contract structures with a rigorous and transparent audit process to ensure the safety, control, and peace of mind of users concerning their assets, thus embodying the true spirit of decentralized finance.

About Goat.Tech:

Goat.Tech, 1st Onchain Reputation & Loyalty with Restaking Yield includes an ETH L2 and an ecosystem of reputation-related Dapps.

Goat Dapp: First Gamified Onchain Reputation Protocol that maximizes yields is a SocialFi game where users stake ETH to increase each other’s reputation (Trust Score, which can be “challenged"), earn rewards, and find out who is the GOAT (highest Trust Score).

Goat L2: First Restaking L2 for Onchain Reputation is the only L2 built on a unique combination of components that natively restake deposited ETH to earn you not just ETH staking yield but later also restaking rewards.

The only L2 that helps you maximize ETH yields while building your reputation and increasing your ETH balance.

Ecosystem: Wallets, Lending Protocols, Launchpads, etc. built on our Reputation Infra.

Goat.Tech Social Channels:

Here's a list of official Goat.Tech channels. To ensure security, always double-check the URLs before accessing them.

Website: https://goat.tech/

Twitter: https://twitter.com/goatxtech

Telegram Announcement: https://t.me/goatxtech

Telegram Group Chat: https://t.me/goatxtech_global

Discord: https://discord.com/invite/JSsWuPVVkV

LinkTree: https://linktr.ee/goatxtech

#GOATtoMainnet