Security & risk
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Listapie Lend is DeFi on live markets. Understand the risks before using it.
Risks#
- Liquidation. Borrow positions can be liquidated when HF falls below 1. Monitor and keep a buffer; see Health factor.
- Variable rates & emissions. APYs, boost emissions and negative borrow rates are not guaranteed and can change or end at any time.
- Smart-contract risk. Vaults, treasury, staking and the underlying Lista contracts are code; bugs or economic exploits are possible despite review.
- Governance powers. Governance can upgrade vault, treasury and factory code, change tiers and fees, pause the protocol, lock or reassign an individual vault, set how many vaults a wallet may hold, and stock or retire the vault pool. You are trusting that process.
- One-way & time-locked assets. mLISTA can’t be redeemed to LISTA in-app, and vlLTP has a 30-day unlock cooldown (early exit costs a penalty).
What a pause does#
| Blocked while paused | Always open |
|---|---|
| Creating a vault | Repay (all variants) |
| Supply, supply collateral, borrow (incl. fixed-term) | Every withdrawal, incl. Earn and saving |
| Earn and saving deposits | Claiming rewards |
| Requesting / upgrading LISTA | Returning LISTA; allocation pull-backs |
Safety measures built in#
- Per-user vaults: positions are isolated, and only the owner can act on them.
- The reward ring-fence stops claims from ever touching protocol-lent principal; see Ring-fence.
- Rewards are hard-wired to the owner’s wallet; keepers and third parties can trigger a claim but never redirect it.
- Pausing blocks new risk while keeping every exit open.