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

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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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