Security - Proportion

Proportion’s smart contracts have undergone an independent security audit. The report covers the revision and scope identified in it; it does not establish that every later change has been audited. Manual review and automated analysis supplement independent audits. Audit report: View the security audit report

Administrative security

The contracts are administered by a multisig wallet through a 72-hour timelock. Every administrative change is queued onchain first and can take effect only after the delay, so anyone can see it before it applies.

Waits 72 hours in the timelock	Takes effect immediately
Upgrades of `MainVault` and `ChallengeVault`, ownership changes, factory and integration changes such as `setRelayer` and `setForwarder`, `setRiskConfig`, adding markets and raising leverage caps, unpausing	Pausing the vault, cancelling a queued change, disabling challenge checkout, removing a market, lowering leverage caps

The risk engine’s relayer cannot upgrade the contracts, change parameters or unpause.