Is the NovaDEX protocol trustless?
The NovaDEX protocol is highly automated as all blockchain protocols should be:
FeeManager contract
Fees are managed by the FeeManager contract [Link coming soon], which distributes them. The NovaDEX team can only adjusts the fees by lowering their own share! The team can also temporarily block the flow between the FeeManager contract and the MoneyPot. This is necessary to smooth out dividends after sudden spikes, or in case of an emergency.
The dividends distribution and the Money Pot are fully locked. There is no emergency withdrawal function. The team can only add bonuses to the Pot and regulate the flow between the FeeManager and the MoneyPot.
The above measures are designed to reduce the risk of unintentional mistakes and to ensure a trustless environment as no human intervention is required.