Proceedings of Financial Cryptography and Data Sec
Proceedings of Financial Cryptography and Data Security (FC) Year 2021 Peer-reviewed
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Blockchain Security · DeFi

Attacking the DeFi

Kaihua Qin Liyi Zhou Benjamin Livshits Arthur Gervais
2021
Publication year
FC
Venue
Peer-reviewed
Type
§ Abstract

Summary

Abstract. Credit allows a lender to loan out surplus capital to a bor- rower. In the traditional economy, credit bears the risk that the bor- rower may default on its debt, the lender hence requires upfront collat- eral from the borrower, plus interest fee payments. Due to the atomicity of blockchain transactions, lenders can offer flash loans,

Cite this paper — BibTeX 
@InProceedings{qin21flashloans,
  title = "Attacking the {DeFi} Ecosystem with Flash Loans for Fun and Profit",
  author = "Kaihua Qin and Liyi Zhou and Benjamin Livshits and Arthur Gervais",
  year = "2021",
  month = mar,
  booktitle = "Proceedings of Financial Cryptography and Data Security (FC)",
}
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