Welcome to the second part of our exploration into Ethereum’s groundbreaking ERC-4337 protocol. Having explored the theoretical underpinnings in our previous guide, “ERC-4337: Revolutionizing Ethereum’s Account Management ” (add the first article link here)”, we now turn our attention to the actionable side of this innovation. In this guide, we’ll walk you through the intricate…
This is an introductory post on ERC-4337, if you’re looking for a more advanced guide check our ERC-4337 step-by-step tutorial. Embracing a New Era in Ethereum’s Evolution Comment In the constantly evolving landscape of Ethereum, the emergence of ERC-4337 heralds a significant breakthrough in the domain of account management. This standard, specifically tailored for the Ethereum…
EIP 7512 (Ethereum Improvement Proposal 7512) is a draft proposal for an Ethereum standard that focuses on creating an on-chain representation for audit reports of smart contracts. The primary aim of this proposal is to enhance transparency and trust in the security of smart contracts by providing a standardized, blockchain-based way to access audit information.…
In the decentralized realm of Web3, the emergence of tools designed to facilitate the crafting of smart contracts and DApps has transformed the developer experience. Leading the pack are HardHat, Truffle, and Foundry. This comprehensive guide delves into their evolution, technical functionalities, and practical use cases.
Maximal Extractable Value (MEV) has become one of the hotly debated topics in the realm of Web3 security. Derived from the very fabric of blockchain operations, MEV represents both a boon for miners and a potential hazard for regular users.
When developing smart contracts on the Ethereum blockchain, one of the most crucial aspects to consider is the gas consumption. Gas is a measure of computational work on Ethereum, and it costs real money to users. Therefore, optimizing your smart contracts to use less gas is not just a performance improvement but also a cost-saving…
Balancer Labs, a leading player in the decentralized finance (DeFi) sector, recently identified and acted upon a critical vulnerability affecting a number of its Version 2 (V2) liquidity pools. Immediate measures were implemented, mitigating risks for 80% of the affected pools. The company urges users to withdraw from pools still labeled “at risk,” representing around…
Read-only reentrancy refers to a situation where a view function is reentered, typically without any protective measures, as it doesn’t modify the contract’s state. However, if the contract’s state is inconsistent, this could lead to incorrect values being reported. Additionally, this vulnerability can be exploited by attackers to deceive other protocols that rely on return…
Certain Curve factory pools, such as those managed by AlchemixFi and JPEG’d, fell victim to exploitation due to a critical flaw in the Vyper language. Vyper is a smart contract programming language that shares similarities with Solidity. Preliminary findings indicate that certain versions of the Vyper compiler failed to adequately implement a re-entrancy guard, thereby…
EraLend, a leading decentralized lending protocol operating on the zkSync Layer 2 network, has fallen victim to a ‘read-only reentrancy attack,’ leading to a significant loss of $3.4 million. EraLend is a trailblazer in the DeFi lending market, offering a state-of-the-art protocol that prioritizes capital efficiency and risk reduction. Powered by zkSync, EraLend supports nearly…