We don't have flash loans but even if we did there are so many ways this attack would not work on Hive. For example, DHF only pays out a maximum of 1% per day, and only 1/24 of that in a single payment. The most you could pull out with malicious voting is about 0.04%. But you can't even do that because you have to power up to vote, and it takes 12 weeks to power back down (making it impossible to repay a flash loan). And even then you don't even get to vote for 30 days after powering up.
It's amazing how these well-funded projects manage to get so much wrong compared to a no-external-funding community project (Hive).
Cheers for stopping by and sharing your insights, Smooth! :)
The comparison amazes me too.
It just shows how much of a difference exposure and accessibility makes to a project.
Short term, the community funded Hive is always going to struggle in this regard when compared to Ethereum based projects like Bean.
But over the long term, Hive's superior solutions can't be ignored forever.
...right? ;)
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Great to know how the security features of Hive make so much impossible.
EVM sure does have a lot of holes it seems. The flash loan idea never made sense to me in terms of the having it in the protocol. Too much risk without much of a payoff.
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Hi @smooth
Please explain the features of the HBD stabilizer in terms of any protections they would provide against the collapse of Terraluna stablecoin UST.
Thank you
I'm thinking on a post about Terra and HBD. I don't know when it will be done.
Great, we can all benefit from your knowledge.
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