> For the complete documentation index, see [llms.txt](https://odysphere.gitbook.io/odysphere/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://odysphere.gitbook.io/odysphere/security/security-overview.md).

# Security Overview

Odysphere inherits the contract architecture and full security maintenance from Liquity V1, with favorable and flexible collateral parameters.

Liquity V1 has been audited and runs a bug-bounty program.

Please refer to the following links to review the current state of the smart-contracts audits and the bug bounty program.

[Trail of Bits Security Assessment](https://github.com/trailofbits/publications/blob/master/reviews/Liquity.pdf) January 2021

[Audit by Coinspect](https://www.coinspect.com/liquity-audit/) March 2021

[Trail of Bits Liquity Protocol and Stability Pool Final Report](https://github.com/trailofbits/publications/blob/master/reviews/LiquityProtocolandStabilityPoolFinalReport.pdf) March 2021

[Trail of Bits Liquity Proxy Contracts Report](https://github.com/trailofbits/publications/blob/master/reviews/LiquityProxyContracts.pdf) March 2021

[Liquity Bug-Bounty Program](https://www.liquity.org/blog/announcing-liquitys-bug-bounty-program) February 2021