Author: Dacian In Web3 DeFi, smart contracts have been used to implement a wide range of lending & borrowing platforms, where market participants can: lend tokens to receive interest borrow tokens to conduct other activities while paying interest Borrowers have to provide collateral that is stored in a smart contract within the DeFi system, which can be liquidated either by the Lender or by other market participants if the Borrower does not meet repayment schedule deadlines or if the value of their collateral drops below a required threshold. This deep dive aims to categorize the types of vulnerabilities that auditors & developers should be aware of in lending & borrowing platforms.
Solidity Security - Lesson 5: Lending/Borrowing DeFi Attacks
Solidity Security - Lesson 5…
Solidity Security - Lesson 5: Lending/Borrowing DeFi Attacks
Author: Dacian In Web3 DeFi, smart contracts have been used to implement a wide range of lending & borrowing platforms, where market participants can: lend tokens to receive interest borrow tokens to conduct other activities while paying interest Borrowers have to provide collateral that is stored in a smart contract within the DeFi system, which can be liquidated either by the Lender or by other market participants if the Borrower does not meet repayment schedule deadlines or if the value of their collateral drops below a required threshold. This deep dive aims to categorize the types of vulnerabilities that auditors & developers should be aware of in lending & borrowing platforms.