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Zeta FLEX

Zeta FLEX is a permissionless options minting and auction platform enabling any protocol to leverage options

Risk Rating
Watch Out
Protocol Code Quality
Protocol Maturity
Protocol Design
What is Zeta FLEX?
Information
Exploit/Hacks
Unknown
Info
Key Metrics
Risk Assessment
Watch Out
Protocol Code Quality
  • Code reviewed by at least one experienced auditor
  • Public team promotes accountability
  • No documented protocol hacks since launch
Protocol Maturity
  • Core protocol launched in 2021; maturity over one year minimizes technical risk as smart contracts are well battle-tested
  • Top 20% by total value locked slightly reduces risk
  • Multisig wallet controls protocol upgrades
  • Multisig requires only one signer (EOA wallet) which implies the protocol is highly centralized as control resides with just one admin
  • No timelock exists or no information documented, which mean a malicious actor could approve upgrades without any delay
  • No governance token and/or contracts are fully immutable
Protocol Design
  • No death spiral concerns
  • Solid controls to prevent oracle price manipulation
  • This protocol is susceptible to risks related to decentralized options, such as loss of principal if they were to expire in-the-money (ITM)
  • Zeta Flex is a permissionless options minting and auction protocol built on Solana that enables any protocol to leverage options
Things to know about Zeta FLEX