Palmy Finance is a protocol for users to quickly and easily deposit and borrow assets on Oasys Hub. Depositors can provide liquidity to earn interest as a stable passive income, while borrowers can leverage their assets without selling them out.

A lending protocol is one of the core Lego blocks of DeFi composability. It is a public, decentralized marketplace of assets that can be accessed not only by a user but also by bots and other DeFi protocols. Palmy Finance provides a comprehensive set of lending features, with a focus on the assets handled on Oasys Hub.

Zellic conducted a security assessment for Familia Labs Ltd. from February 14th to March 1st, 2024. During this engagement, Zellic reviewed Palmy Finance's code for security vulnerabilities, design issues, and general weaknesses in security posture.