The Vulnerable Nature of Decentralized Governance in DeFi
Maya Dotan, Aviv Yaish, Hsin-Chu Yin, Eytan Tsytkin, Aviv Zohar · 2023
Decentralized Finance (DeFi) platforms are often governed by Decentralized Autonomous Organizations (DAOs) which are implemented via governance protocols. Governance tokens are distributed to users of the platform, granting them voting rights in the platform's governance protocol.Many DeFi platforms have already been subject to attacks resulting in the loss of millions of dollars in user funds.