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Exactly Protocol: Fixed interest rates can be manipulated by a whale borrower

Payout
$0
Protocol
Exactly Protocol
Disclosed
May 4, 2024
Source
sherlock

Exactly Protocol's fixed-rate market computes borrow rates from current floating debt rather than a time-averaged floating-debt figure, while the supply side is averaged precisely to resist single-block manipulation. A whale can repay a very large floating loa …

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