Security Notes
Moome's ecosystem includes a pool whitelisting process to safeguard against malicious minting and staking of scam tokens (don't forget that creating swap pools on Dex'es is the public option). Currently, this responsibility lies with an admin, but future plans aim to transition this to a community-driven process through holders' voting.
The smart contract performs a liquidity check on swap pools for each mint transaction. This mechanism helps minimize the risk of market price manipulation caused by outdated or low-liquidity pools, ensuring a more stable and reliable pricing environment.
If a non-whitelisted collateral token is used to mint Moome - it still works ok, but it won't be staked directly. Instead, it's fully converted into SUI, increasing the SUI backing per Moome token. This ensures stability and enhances the overall staking pool.
The Moome ecosystem is streamlined with all data stored on-chain within a single MoomeBank object. This design ensures that dApps can fetch all necessary information efficiently through a single getObject call.
The Moome system is entirely managed by the smart contract, and users are welcome to verify and inspect it directly on the blockchain. While it's there, even if flaws are discovered, no changes can be made, except for adjusting the whitelist pools and managing collected fees. Users are encouraged to explore the blockchain, act responsibly, and keep in mind that nothing is guaranteed. Always use caution and never invest your last money in crypto.
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