Illuminati DAO
  • 🪐Illuminati DAO Introduction
  • 🌟Synthetics
  • 💰Synthetics Tokens
  • 🪙$MNTI Token
  • 🔓Staking and Locking
  • ⛏️Liquidity Mining
  • ⚒️Minting and Redeeming
  • 🛡️Flash Loan Protection
  • ⚡Zap Feature
  • 🌠Collateral Ratio
  • 💁‍♂️Protocol Owned Liquidity
  • 🌀Price Stability
  • 🖥️Smart Contracts
  • 🧑‍🤝‍🧑Governance (DAO)
  • 📰Roadmap
  • 🔐Audit & Security
  • 🖼️Graphical Assets
  • 🔗Links & Community
Powered by GitBook
On this page

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.

PreviousMinting and RedeemingNextZap Feature

Last updated 1 year ago

🛡️