Discussion - Security, Session 8
summary
A governance flash loan once passed a proposal, so the system now uses a flash loan governance exploit countermeasure plus a 2‑day timelock and a delegated-voter model that favors active delegate voting. Emergency options include a minority-triggered global settlement and rapid collateral migrations — options range from routing $3.2B USDC exposure into other protocols to selling for ETH or enabling discounted redemptions and negative rates (TRFM). Auditors named include ChainSafe/OpenZeppelin, PeckShield, Trail of Bits, Satora and Immunify; multiple audits plus bug bounties are recommended.
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chapters (9)
- 0:00Security governance panel
- 0:24Governance security risks
- 2:49Bribery in governance tokens
- 4:16Lessons from hacks and governance
- 6:02Structured governance roles
- 8:56Ethereum post-merge governance
- 11:42Stablecoin blacklist risks
- 15:35Top smart contract auditors
- 18:22Choosing auditors and frequency
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