Risk and Security

Tenor is designed with security in mind. The smart contract powering the platform have undergone formal verification, comprehensive testing, third-party audits, and a bug bounty to ensure reliability and minimize risk across all components. Learn more about Tenor's security practices here. Note that smart contracts carry inherent risks, users should read the Tenor risk disclosures before interacting with the Tenor.

Oracle risk

Each Morpho market relies on a price oracle defined at market creation. Some oracles may be vulnerable to manipulation, potentially leading to inaccurate pricing, liquidations, or bad debt. When assessing oracle risk, consider the oracle's security, update frequency, and degree of decentralization.

Have Morpho and Tenor smart contracts been audited?

Yes, both Morpho and Tenor smart contracts have undergone audits. You can review past audit reports here. Smart contracts carry inherent risks, users should read the Tenor risk disclosures before interacting with the Tenor.