Security is one of the most critical components at Fuyo. Fuyo employs different types of security checks for all of Fuyo's product, engineering and processes.
Last minute bets NOT published on-chain. With the last minute bets not published on-chain, hackers are unable to reverse engineer the last bets, therefore, unable to produce the most probability result for the random number generation for the next draw.
CSPRNG with Chainlink VRF. Leveraging Cryptographically Secure Pseudo-Random Number Generator and validation using Chainlink VRF for on-chain results, hackers would not be able to reverse engineer it.
Deployed on Binance Smart Chain. As Fuyo smart contracts are deployed on BNB Chain, this makes its resistance to attack. Attackers needs to manipulate >51% of the BNB nodes to reverse the results, making it almost impossible (or too costly) to attack Fuyo's protocol.
MPC account management. The Fuyo app automatically creates a secured, multi-party computational wallet for each user signup via their mobile number or Telegram signup. User don't need to import any seed phrase or private keys to prevent additional risk. This is the same technology used by , making it effectively institutional grade.
Smart contract audits. Fuyo uses reputable smart contract auditors to ensure Fuyo are safe from exploiters and hackers. Smart contract audits information are available for public verification. To be updated**
Capital locked on multi-sig. Fuyo separates all capital from the smart contract with daily rebalancing, ensuring no 1 smart contract has all the liquidity, preventing attack vectors. This ensures that 1 contract address does not hold more than 10% of the Fuyo capital within 1 address.
Regular security threats updates. Fuyo intends to get certified with ISO27001 and CISO in-house to ensure all attack vectors and security threats are managed. To be updated**