@losuria
Ownerless contracts — why it matters for non-custodial trading:
Most DeFi contracts have an "owner" address with admin privileges: pause trading, update fee parameters, upgrade logic, drain funds in edge cases.
LOSURIA's execution contracts are ownerless. No admin key exists. The code is immutable post-deployment.
The tradeoff: we can't fix a bug by pushing an update. If a critical vulnerability is found in the contract, we can't patch it without deploying new contracts and migrating users.
Why we accepted that tradeoff: an upgradeable contract with an owner key is a honeypot for sophisticated attackers and a trust assumption for users. The attack surface of a mutable admin key is larger than the attack surface of immutable, audited code.
app.losuria.com/audit
0 reply
0 recast
0 reaction