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Business Communication
Project Evaluation
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Security Audit
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As the decentralized finance (DeFi) ecosystem continues to evolve rapidly, AAVE V2 has established itself as one of the leading decentralized lending protocols by offering innovative solutions for borrowing and liquidity management. Its trustless mechanism and efficient capital utilization have attracted a wide range of users and institutions. However, as the platform’s adoption and the scale of funds involved grow, the importance of security audits and risk management measures has become increasingly prominent. This manual delves into the core design, key functionalities, and audit considerations of the AAVE V2 protocol.
On January 13, 2025, according to the SlowMist MistEye security monitoring system, UniLend on the EVM chain was attacked, resulting in a loss of approximately $197K. The SlowMist security team analyzed the incident and shared the findings as follows:
With the rapid growth of the DeFi ecosystem, Compound Finance V2 has emerged as a pioneer, attracting a large user base with its innovative lending model. However, like any complex decentralized application, it faces potential security threats, especially given the movement of millions or even hundreds of millions of dollars in funds. Therefore, conducting a comprehensive and detailed security audit of Compound Finance V2 and its forked projects is crucial.