Jan 5, 2024
Security
Defender
Safeguard your system with the latest security measures outlined in the documentation.
Defender:
The Defender feature of Dexcelerate is designed to automatically safeguard user funds from potential scams and fraudulent activities. It provides real-time protection against rug pulls and other malicious actions by token developers. Additionally, Dexcelerate performs comprehensive smart account audits to ensure the security and integrity of all transactions and assets on the platform.
Key Features
Rug Pull Protection
Automatic Response: If the developer of a token attempts a rug pull by removing liquidity, Dexcelerate will automatically withdraw the user from their active position in the token to protect their funds.
Real-Time Monitoring: The Defender continuously monitors token activity and developer actions to identify and respond to suspicious behavior instantly.
Token Audits
Comprehensive Analysis: Every token on the platform undergoes a thorough audit to assess its safety for buying or selling. This includes both EVM (Ethereum Virtual Machine) compatible and non-EVM chains.
User Warnings: If a token is deemed unsafe, users are promptly warned before engaging in any transactions. This information is available on the token's detail page and the Dexcelerate scanner.
Flexible Protection: Users can enable or disable the Defender at any time, giving them control over their level of protection based on their preferences and risk tolerance.
Benefits
Enhanced Security
Proactive Safeguards: The Defender's automatic response to potential rug pulls significantly reduces the risk of substantial financial losses.
Trust and Confidence: Comprehensive token audits and real-time monitoring instill greater trust and confidence among users, knowing that their investments are continually safeguarded.
User-Friendly Protection
Ease of Use: The Defender operates seamlessly in the background, requiring minimal user intervention. Users can focus on trading without worrying about the safety of their assets.
Customizable Alerts: Users receive timely alerts about unsafe tokens, allowing them to make informed decisions based on the latest security assessments.
Broad Compatibility
Multi-Chain Support: The Defender and token audit features support both EVM and non-EVM chains, ensuring comprehensive protection across a wide range of assets.
Benefits of Defender Feature
Keeping User Assets Safe
The primary benefit of the Defender feature is the enhanced security it provides. By automatically withdrawing users from compromised positions and conducting detailed token audits, it minimizes the risk of losses due to scams or malicious activities. This layer of protection is crucial for maintaining the integrity and trustworthiness of the Dexcelerate platform.
Automation and Security
The Defender feature works automatically, requiring no manual intervention from users once enabled. This automation ensures that users' assets are protected around the clock, allowing them to trade confidently without constant oversight.
No Control Over Users' Funds
Unlike other platforms that may require users to entrust their private keys to a third party, Dexcelerate maintains a non-custodial model. Users retain complete control over their assets, significantly reducing the risk of exploits or unauthorized access.
