Smart Contract Governance
summary
Explains how Beanstalk’s governance allowed a flash‑loan attacker to meet voting thresholds during a 24‑hour window and call emergency commit to drain the liquidity pool, and how Build Finance attackers slipped a second proposal through, minted tokens and crashed price from about $100 to $0.30. Recommends concrete mitigations: multisig guardian vetoes, longer voting and execution delays, quorums above one‑third, audits, and mentions Aave’s model of 20% quorum with a 15% vote differential as an example.
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chapters (6)
- 0:00Start
- 0:20Smart Contract Governance
- 0:47Types of Governments
- 2:16What Can Governance Do
- 2:43What Can Go Wrong
- 5:09The Build Fine Attack
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