Security Guarantees

Polaris is designed to minimize trust wherever possible, although some sources of uncertainty remain unavoidable and are covered in the dedicated Risks section.

Some considerations remain unavoidable and are covered in the dedicated Risks section. The architectural decisions below remove many of the trust assumptions commonly found in DeFi, allowing users to interact directly with transparent onchain mechanisms.

The core protocol has no admin privileges. Once deployed, no individual or organization can move user funds or change the protocol rules.

The core protocol is immutable. Its fundamental mechanics cannot be upgraded or replaced after deployment.

Assets cannot be frozen. Neither pETH nor any pAsset includes blacklist or freeze functionality, allowing users to retain control over their assets without depending on a centralized party.

All collateral remains onchain. Every pAsset is backed by pETH, removing the need to trust banks or custodians to safeguard the assets supporting the protocol.

pAssets are issued directly by protocol rules. USDp, GOLDp and every future pAsset are created according to transparent onchain mechanisms, without a company deciding when assets can be issued or redeemed.

Every pAsset is fully collateralized at minting. The protocol does not allow privileged actors, multisigs or administrators to create unbacked assets outside the normal minting process.

Stewardship remains bounded. Ecosystem parameters can evolve over time without giving anyone the ability to rewrite the core protocol or introduce new collateral.