Now that Flash loans are a thing, this is a huge attack vector!

Aug 17, 2020

1 min read

pass in 1,000,000 ETH to a mint op, getting back 399,000…t ETH price is actually $390. Then a nimble trader can earn approximately $9 ($399 - $390) per ETH. In principle, they could even pass in 1,000,000 ETH to a mint op, getting back 399,000,000 USM; wait for the USM oracle price to catch up with the market, dropping …

USM “minimalist stablecoin” part 2: protecting against price exploits

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Jacob Eliosoff

Now that Flash loans are a thing, this is a huge attack vector!

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