The Decentralized Financial Crisis: Attacking DeFi

Misha Hanin
Mar 16 · 1 min read

Paper describes possible attack Vectors on Top DeFi Protocols by TVL: Maker, Compound, and Synthetix.

The main risks harm financial security that paper shows are under-collateralization events (when protocols allow agents to lend or trade the undercollateralized asset) and governance concerns (possibility of an agent seizing control of a DeFi lending platform and stealing the funds).

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DeepDiveTech

An Innovation-Driven Development Provider With a Focus on…

Misha Hanin

Written by

CEO and Co-Founder, AI, ML and Blockchain Pioneer, Cybersecurity Evangelist. Trusted Business & Technology Advisor.

DeepDiveTech

An Innovation-Driven Development Provider With a Focus on Tailored, Cutting-Edge Tech Products. DeepDive research and development teams specialize in distributed ledger technology, identity management systems, artificial intelligence, digital business models and smart analytics.

Misha Hanin

Written by

CEO and Co-Founder, AI, ML and Blockchain Pioneer, Cybersecurity Evangelist. Trusted Business & Technology Advisor.

DeepDiveTech

An Innovation-Driven Development Provider With a Focus on Tailored, Cutting-Edge Tech Products. DeepDive research and development teams specialize in distributed ledger technology, identity management systems, artificial intelligence, digital business models and smart analytics.

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