Security Rating Methodology
The elaboration on how the security rating is calculated.
A Security Rating from 1 to 5 stars will be assigned to each protocol in order to measure the risk associated with it. A higher Security Rating means the protocol is more secure and the likelihood of an occurrence of a hack, bug or exploit or the severity of such an event is low.
The Security Rating will be calculated based on 5 factors with weights stated below:

1. Project Implementation (10%)

    Project nature & technical difficulties
    Roadmap and future changes
    Back-end chain

2. Project Operation (15%)

    Project age
    Operation history
    TVL
    Existing insurance coverage

3. Team Qualification (5%)

    Team anonymity
    Team experience especially in programming
    Operations and management

4. Audit (40%)

    Transparency and scope
    Findings and vulnerabilities
    Trust score
    Frequency and updates

5. Code Quality (30%)

    Open-sourced
    Bug bounty program
    Issues raised on Github or by community
    Documentation
    Testing
    Readability
    Architecture
    Oracle
    Layer-2 solution adoption
    Integration
    Access control management
    Security administration
    Multi-signature
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