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Alex ObchakevichDeFi lesson: 1inch resolvers
Lesson Structure: 1/ Resolver Incentive Program 2/ Earn rewards by staking and delegating 3/ Modular Delegation 4/ Resolution 5/ Resolvers 1/ Resolver Incentive Program Resolvers Resolvers are algorithms that determine the best paths and strategies for exchanging tokens and providing liquidity based on data about available liquidity pools on different exchanges. They play an important role in optimizing trades and minimizing risk. Through the Resolver Incentive Program, users who provide liqu...
Alex ObchakevichDeSci can revolutionize insulin access and affordability / BionicDAO
This article is a follow-up to BionicDAO: Rethinking Healthcare Through Decentralized Science. My goal is to explore this topic in more detail and give you food for thought on the direction of decentralized science and how it can change the field of health care. Let's first understand what insulin and DeSci are: What is insulin? Insulin, produced in the pancreas, is an important hormone that unlocks the ability of cells to obtain sugar (energy). Originally derived from animals, it is now...
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Alex ObchakevichDeFi lesson: Swap surplus collection [ 1inch ]
Lesson Structure: 1/ What is Swap surplus collection 2/ The 1inch DAO discontinues swap surplus collection 3/ Problematic and solution 1/ What is Swap surplus collection In the context of DeFi, "swap surplus collection" refers to the process of collecting or distributing surplus funds that are generated from decentralized swaps. When users make swaps, they pay fees or contribute liquidity to pools. These fees or additional tokens added to the liquidity pool can generate surplus funds over tim...
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Alex ObchakevichDeFi lesson: 1inch resolvers
Lesson Structure: 1/ Resolver Incentive Program 2/ Earn rewards by staking and delegating 3/ Modular Delegation 4/ Resolution 5/ Resolvers 1/ Resolver Incentive Program Resolvers Resolvers are algorithms that determine the best paths and strategies for exchanging tokens and providing liquidity based on data about available liquidity pools on different exchanges. They play an important role in optimizing trades and minimizing risk. Through the Resolver Incentive Program, users who provide liqu...
Alex ObchakevichDeSci can revolutionize insulin access and affordability / BionicDAO
This article is a follow-up to BionicDAO: Rethinking Healthcare Through Decentralized Science. My goal is to explore this topic in more detail and give you food for thought on the direction of decentralized science and how it can change the field of health care. Let's first understand what insulin and DeSci are: What is insulin? Insulin, produced in the pancreas, is an important hormone that unlocks the ability of cells to obtain sugar (energy). Originally derived from animals, it is now...
Alex ObchakevichDeFi lesson: Swap surplus collection [ 1inch ]
Lesson Structure: 1/ What is Swap surplus collection 2/ The 1inch DAO discontinues swap surplus collection 3/ Problematic and solution 1/ What is Swap surplus collection In the context of DeFi, "swap surplus collection" refers to the process of collecting or distributing surplus funds that are generated from decentralized swaps. When users make swaps, they pay fees or contribute liquidity to pools. These fees or additional tokens added to the liquidity pool can generate surplus funds over tim...
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Attack type Private Key Compromised. This is the 5 attack on DeFi protocols this month. In the past I've written about protocols not paying enough attention to defense.
More:
https://metasleuth.io/result/eth/0xeb87ebc0a18aca7d2a9ffcabf61aa69c9e8d3c6efade9e2303f8857717fb9eb7
Here are a few tips on how to secure your protocol against this kind of attack:
Software updates!
Regularly update the software used in your protocol, including libraries and dependencies, to fix known vulnerabilities. Keep an eye out for security updates and install them as soon as possible.
Revise your key generation process!
Review and update your key generation process to make sure that it is reliable and secure. Include guidelines for using sufficiently long and random keys, and for changing keys regularly.
Monitoring!
Implement monitoring mechanisms to keep track of any suspicious activity or attempted unauthorized access to your keys. This will allow you to react quickly to potential attacks and take appropriate action.
These tips won't give you a 100% security guarantee, but they will help make your protocol safer!
Attack type Private Key Compromised. This is the 5 attack on DeFi protocols this month. In the past I've written about protocols not paying enough attention to defense.
More:
https://metasleuth.io/result/eth/0xeb87ebc0a18aca7d2a9ffcabf61aa69c9e8d3c6efade9e2303f8857717fb9eb7
Here are a few tips on how to secure your protocol against this kind of attack:
Software updates!
Regularly update the software used in your protocol, including libraries and dependencies, to fix known vulnerabilities. Keep an eye out for security updates and install them as soon as possible.
Revise your key generation process!
Review and update your key generation process to make sure that it is reliable and secure. Include guidelines for using sufficiently long and random keys, and for changing keys regularly.
Monitoring!
Implement monitoring mechanisms to keep track of any suspicious activity or attempted unauthorized access to your keys. This will allow you to react quickly to potential attacks and take appropriate action.
These tips won't give you a 100% security guarantee, but they will help make your protocol safer!
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