Illuminati DAO

Flash Loan Protection

Illuminati DAO is secure against the flashloan types of attacks due to a simple yet absolutely effective 2-step minting and redemption mechanism. When a user wants to mint or redeem a Synthetic Token, 2 transactions (2 steps) need to be performed: 2-step Minting Minting Step 1 (tx#1): Mint Synthetic tokens Minting Step 2 (tx#2): Collect (claim) Synthetic tokens minted in Step 1
2-step Redemption Redemption Step 1 (tx#1): Redeem Synthetic tokens Redemption Step 2 (tx#2): Collect (claim) $WBNB and $WBNBX tokens.