Understanding and Combatting Frontrunning in DeFi

Introduction In traditional finance (TradFi), frontrunning involves brokers exploiting upcoming trades based on prior knowledge. This practice, while old in stock markets, takes a more complex form in decentralized finance (DeFi) due to the public nature of blockchain transactions. Platforms like Robinhood have been criticized for similar practices by selling customer transaction data to brokers […]

Exploring VAI Arbitrage Strategies in Venus Protocol

Introduction The decentralized finance (DeFi) space, especially on platforms like Venus Protocol, is ripe with opportunities for savvy traders. One such opportunity is arbitrage involving VAI, the stablecoin of the Venus Protocol. This article will explore the mechanics of VAI, its relationship with the Peg Stability Module (PSM), and how these elements create arbitrage opportunities. […]

Venus Token Converter Audit by OpenZeppelin

OpenZeppelin conducted an audit of Venus Protocol’s Token Converter from September 11, 2023, to September 20, 2023. The audit honed in on the VenusProtocol/protocol-reserve repository, especially the ProtocolReserve and TokenConverter contracts. These contracts are pivotal for Venus Protocol as they manage the conversion of tokens to USDT or XVS before forwarding them to their respective […]

Venus Prime Audit by OpenZeppelin

OpenZeppelin conducted an audit of Venus Prime from August 21, 2023, to September 13, 2023. The audit focused on the VenusProtocol/venus-protocol repository, particularly the Comptroller, Diamond, Tokens, and XVSVault contracts. These contracts are integral to Venus Prime as they are designed to reward its holders based on their staking activity and associated balance in the […]

Venus Protocol Diamond Comptroller Audit by OpenZeppelin

OpenZeppelin conducted an audit of the Venus Protocol Diamond Comptroller from July 7, 2023, to July 28, 2023. The audit focused on the venus-protocol repository, particularly the Comptroller, ComptrollerStorage, Diamond, and various facets such as MarketFacet, PolicyFacet, RewardFacet, and SetterFacet. These contracts are pivotal to the Venus Protocol as they are responsible for managing markets […]

Venus Protocol SwapRouter Audit by OpenZeppelin

OpenZeppelin conducted an audit of Venus Protocol’s SwapRouter took place from May 15th to June 1st, 2023. The scope of the audit encompassed several contracts in the VenusProtocol/venus-protocol repository, including SwapRouter.sol, RouterHelper.sol, IRouterHelper.sol, IVBNB.sol, IVtoken.sol, and others. Venus SwapRouter is an adaptation of the PancakeSwap V2 PancakeRouter, broadening user interactions by integrating Venus markets. This […]