Listening to a talk on frontrunning in decentralized exchanges running on blockchains and, holy cow, is everything about this wild.https://slideslive.com/38911605/smart-contract-security-incentives-beyond-the-launch …
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"We explore flawed mechanisms whose obvious security flaws cost users millions today, even though such flaws are often out of launch audit scope. " we launched our libertarian nerd-bucks and people are losing millions a day but it's not our problem bc security wasn't in scope
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Front-running is easy enough to mitigate with good smart contract design, but the trade-off is tx throughput. DEXs are just hard to do well.
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