Price Manipulation Exploits

on YouTube ↗20m

" summary

Describes building a lending protocol on Uniswap V2, then exploiting it by using flash loans and two accounts to borrow all LP tokens, redeposit them as collateral to exceed totalSupply, dump tokens into the pool to double LP price, and borrow profitably — a loop that enables profit despite using a time-weighted average price and the derived formula P = 2*sqrt(p0 p1 K)/totalSupply. Cites Cream Finance Oct 2021 and provides a CTF to reproduce the exploit.

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" chapters (9)

1. 0:00Introduction to speaker
2. 0:28Understanding price oracles
3. 1:24UniSwap V2 fundamentals
4. 3:21Building a lending protocol
5. 5:02First price exploit
6. 6:29Pricing LP tokens
7. 7:51Advanced LP manipulation
8. 10:40The LP token exploit cycle
9. 15:36Lessons and future security

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