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CryptoSlate 2020-07-05 03:00:40

This Compound exploit allows users to 4x their initial capital—using their borrowed amounts

An exploit on Compound is allowing users to leverage their initial capital multifold, creating more Compound DAI than real DAI, and a situation that some are terming “impossible.” This is not a security lapse or bug in the Compound protocol, but a sneaky loophole that makes borrowing against borrowed collateral possible. The post This Compound exploit allows users to 4x their initial capital—using their borrowed amounts appeared first on CryptoSlate.

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