Resources

People often ask me "How did you learn how to hack?" The answer: by reading. This page is a collection of the blog posts and other articles that I have accumulated over the years of my journey. Enjoy!

How was Dynamic Finance Exploited? - 1108

ShashankPosted 3 Years Ago
  • Dynamic is a money market aggregator built that helps to enhance the DeFi lending experience.
  • DYNA is the token of the ecosystem. When staking this token, a user can earn interest on it. The amount of interest is directly correlated to the length of time the token has been staked.
  • If the more funds are added, then the portion should be changed. For instance, if I stake 5 DYNA then wait a month, I should get that interest. However, if I add funds to the contract after this point, the rewards of the new tokens should start from that point on.
  • The code was not updating the information related to time. As a result, an attacker could stake a little amount of funds to rake up some time. Then, stake a HUGE amount of funds to make the contract believe we had staked these funds for a while. With this, we could extract wayyyy more value from the contract than we should be able to.
  • In the real world, the attacker has a flash loan to make the amount of tokens much larger. Interesting hack when the time is not properly updated.