Providing liquidity to ichi.farm or minting stable coins on ichi.farm is not without risks. Before making a deposit, please understand that the software is currently in alpha - the codebase can be found on GitHub. Please donβt supply your life savings, or assets you canβt afford to lose, to ichi.farm.
Audits
The first audit of ichi.farm smart contracts was conducted by Bramah Systems. Additional audits are underway. But no audit can guarantee no bugs or vulnerabilities whatsoever.
Minting
When minting ichi.farm stable coins, you are exposed to many risks:
Smart contract issues with the ichi.farm protocol
Risks with the collateral assets, typically stable coins:
USDT risks: https://tether.to/legal/β
Market, trading, liquidity, and exchange risks associated with non-collateral, cryptocurrency assets
Governance risks. Governance could make poor decisions on treasury management or important stable coin parameters, such as minimum reserve percentage
Liquidity Provision
When providing liquidity to the ichi.farm exchange, you are exposed to many risks:
Smart contract issues
Market, trading, liquidity, and exchange risks
Farming and Bumper Crops
When staking liquidity pool tokens to get ICHI, the ichi.farm governance token, you are exposed to many risks:
Smart contract issues
Market, trading, liquidity, and exchange risks
The bumper crop distribution mechanism is a novel concept and especially prone to bugs or issues with Ethereum