Ericmoore_1 | Flipside Analyst

    Ericmoore_1

    Joined Apr 24, 2024
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    5Upvotes
    Avalanche : Lending Flashloans

    Avalanche : Lending Flashloans

    May 22, 2024 - Flashloans are a prominent feature in the Avalanche ecosystem, primarily used in decentralized finance (DeFi) applications. These loans allow users to borrow large amounts of cryptocurrency without collateral, provided the loan is repaid within the same transaction. This unique mechanism offers various use cases such as arbitrage, refinancing, and collateral swapping. Despite their potential benefits, flash loans come with significant risks. They are often associated with price manipulation and smart contract vulnerabilities. Flash loan attacks can exploit these vulnerabilities, leading to substantial financial losses for DeFi platforms. For instance, the Avalanche ecosystem has experienced notable flash loan attacks, including a $370,000 exploit involving platforms like Trader Joe and Curve Finance. The Avalanche network, known for its high performance and compatibility with Ethereum, supports a range of DeFi applications that utilize flash loans. These applications leverage the network’s speed and scalability, providing users with efficient and cost-effective financial services. However, the security and regulatory risks associated with flash loans remain a critical concern, highlighting the need for robust security measures and continuous monitoring to prevent potential exploits. READ MORE : https://thedapplist.com/learn/flash-loans-revolutionizing-access-to-capital-in-defi This Dashboard is aimed at monitoring the flashloan activities in the Avalanche ecosystem while looking at a range of key metrics to provide a comprehensive view on the platform's health, usage and risks.

    aaveavalanche
    Ericmoore_1
    Near Protocol: Weekly Bridging Activity

    Near Protocol: Weekly Bridging Activity

    May 8, 2024 - The NEAR ecosystem revolves around the NEAR Protocol, a decentralized application platform designed to enable the development and deployment of scalable, secure, and user-friendly blockchain applications. NEAR Protocol aims to address some of the scalability and usability issues faced by other blockchain platforms by employing innovative technologies such as sharding and a unique consensus mechanism called "Nightshade." The ecosystem includes tools, libraries, and frameworks to support developers in building decentralized applications (dApps), as well as wallets and other infrastructure components to facilitate user interaction with these dApps. Additionally, NEAR Protocol fosters a vibrant community of developers, entrepreneurs, and enthusiasts working to advance blockchain technology and its applications. NEAR Protocol is a scalable Layer-1 blockchain that aims to be as user-friendly as possible. With the goal of achieving mainstream adoption, NEAR prioritizes accessibility and interoperability with other networks. According to its whitepaper, “applications deployed to the platform should be seamless to use for end users and seamless to create for developers.” NEAR also aims to tackle the Blockchain Trilemma of being scalable, decentralized, and secure. Compared to Bitcoin and Ethereum, NEAR transaction fees are very low, just like other PoS networks. For more info CLICK HERE: https://www.babypips.com/crypto/guides/coin/what-is-near-protocol

    near
    Ericmoore_1