Migrations
Dinamo.finance is constantly adding new features and integrations with external decentralised finance protocols. Occasionally, these features will require a new release of the core Dinamo/Enzyme contracts. Investors should be aware that at every new Enzyme release, Portfolio Managers can opt in to upgrade their product from the previous version to the new version. This process gives Portfolio Managers an opportunity to change their original product configurations (eg. fees, rule-sets, etc). Once the product configurations are updated and the Portfolio Manager has signaled their intent to migrate to the new Enzyme version, the Portfolio Manager is restricted from accessing the upgrade for 7 days. This time period gives investors an opportunity to opt out of the product by redeeming their shares.
Token Risk
It is the Portfolio Manager to stay on top of any nuances surrounding tokens. The available token universe is not intended to be any list of endorsement. Things to look out for could include the risk of token migrations, deviations from the ERC-20 standard, the degree of centralised custodial risk (eg. USDT) and how prices are derived (for example, we use the BTC/ETH rate for WBTC).
Smart Contract Risk
Dinamo.finance takes security very seriously. Any publicly-available Enzyme code has been thoroughly audited; the results are available for anyone to read here. However, when interacting with any smart contract protocol, there is always some degree of risk that an edge case or code vulnerability can result in funds being lost. Investing funds into an Dinamo product is an acknowledgement and acceptance of this risk.
For any questions about these risks, our team is always happy to here .
Oracle Risk
Enzyme relies on oracles to calculate the gross asset values of any Dinamo.finance investment product. If these oracles are compromised in any way, they can provide attack vectors to users which could lead to a loss of funds Enzyme relies on oracles to calculate the gross asset values of any investment product. If these oracles are compromised in any way, they can provide attack vectors to users which could lead to a loss of funds.