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Maker Community Working To Fix Flash Loan Vulnerability Allowing For Vote Manipulation
Summary: The MakerDAO community is working to prevent voting manipulation using flash loans after it was brought to the community's attention by a post from member LongForWisdom. The post flagged that someone had used flash loans to push a governance proposal through. BProtocol, a service that lets users pool liquidity to join in Maker debt auctions, took ...
The MakerDAO community is working to prevent voting manipulation using flash loans after it was brought to the community's attention by a post from member LongForWisdom.
The post flagged that someone had used flash loans to push a governance proposal through. BProtocol, a service that lets users pool liquidity to join in Maker debt auctions, took responsibility for the action. The proposal would have whitelisted the project to access Maker’s price oracle, making it possible to run decentralized keepers, as reported by Cointelegraph.
The Maker community is now working to implement a series of short term fixes to prevent voting manipulation in addition to longer term solutions. The community is disabling circuit breakers that would allow governance to turn off oracles and liquidations and the delay between proposals being passed and being executed has been extended to 72 hours.
By Emily Mason
Tags: Flash Loan Vulnerability,MakerDAO
Link: Maker Community Working To Fix Flash Loan Vulnerability Allowing For Vote Manipulation [Copy]
