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About Attacking The DeFi Ecosystem With Flash Loans For Fun and Profit
This document discusses how flash loans, which are loans that must be repaid by the end of an atomic blockchain transaction, enable new opportunities for arbitrage and attacks in decentralized finance (DeFi). It analyzes two existing flash loan attacks that realized profits over 500% and formulates an optimization framework to quantify how adversaries can maximize profits from trading attacks using flash loans. The document also analyzes how transaction atomicity reduces risks for arbitrage traders and increases opportunities for adversaries.
Detailed Information
Author: | ['Patricio Ibarra Guzmán'] |
---|---|
Publication Year: | 2021 |
Pages: | 29 |
Language: | English |
Format: | |
Price: | FREE |
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