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MakerDAO Loans Can Be Gamed to Hold Out Funds From Liquidation, Startup Finds

A loophole in MakerDAO’s collateralized debt market enables positions to be closed far more leniently than intended due to an oversight in the auction process.

By William Foxley
Updated Sep 14, 2021, 10:31 a.m. Published Nov 16, 2020, 2:00 p.m.