/biz/ - Business & Finance

Prove me wrong, you can't.

https://twitter.com/value_defi/status/1327469664620802050


Why is Value DeFi's MultiStables Vault the most secured and advanced piece of technology in the DeFi space?

>1) Flash-loan attack prevention
>2) Fake-token attack prevention
>3) Re-entrance attack prevention

1) Flash-loan attack prevention (recent victim: Harvest):
>Smart Contract farming is blocked
>Deposits and withdraws are handled in two different transactions
>Leverage our own underlying base to feed instead of using an external price like other products
2) Fake-token attack prevention (recent victim: Akropolis) -> The input token conversion rate is always checked; hence the deposit of fake tokens will always revert or get zero-credit.
3) Re-entrance attack prevention (recent victim: Akropolis) -> In case of withdrawal, the contract will always check and subtract the balance before proceeding with the command.

VAULT 2.

valuedefi.io