The Decentralized Financial Crisis: Attacking DeFi
Published in
1 min readMar 16, 2020
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).
