Multi-chain decentralized exchange (DEX) Dfyn on Tuesday released its version 2, which makes enhancements to security, trading features and order matching, developers told CoinDesk.
The new version features dedicated vault contracts to protect against liquidity pool exploits, which have accounted for upward of $300 million in user losses since the start of this year.
These vault contracts will store and handle all user funds as opposed to storing them in pool contracts. The vault allows users to borrow tokens through a Flash Loan mechanism, also known as a One Block Borrow, where they can borrow a certain amount of tokens, given that they pay them back before the end of the same transaction.
(By Shaurya Malwa)
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