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!

Port Finance Logic Error Bugfix Review- 886

ImmunefiPosted 3 Years Ago
  • Lending in the real world is a complicated subject. If you are attempting to start up a business, then you need capital backing or to take out a loan yourself. When you take out a loan, you must provide some collateral to guarantee you will pay it back. While something is up for collateral, it cannot be used for anything else.
  • The value of the asset you want to borrow is called the Loan To Value (LTV). For instance, if you borrow $60 worth of some cryptocurrency and you provide $100 as collateral, your LTV is $60/$100 = 0.6.
  • Liquidation is a way to protect lenders from a negative price fluctuation. If the value of your collateral is insufficient, the liquidators may purchase your collateral at a discount. Lending protocols usually set target LTVs for their lending pools, and as a borrower, your main risks involve losing your collateral through mismanagement of your position’s LTV.
  • Port Finance is a non-custodial money market protocol on Solana. The purpose of this app was to create a large listing of interest rate and lending protects for Solana. Port Finance has a number of lending pools, which are called Reserves in their context.
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