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2021 ETH Hackathon Winners of the Year Hackless Team Now Released This is the Beta version of Anti-Sandwich – a gateway to secure and efficient swapping of crypto assets, avoiding public mempools and resulting “sandwiches”. This solution has already proven effective on the play-and-earn platform and is now open to a wider audience.
DeFi’s Risks
Financial freedom is DeFi’s biggest innovation as well as its risk. The move to decentralized exchanges gives users control over their assets, but they are responsible for ensuring the security of their funds. Given that the industry is still developing, its security levels are developing as well, resulting in very limited product offerings on the market. Hackless not only protects projects and individual users from various types of hacks, exploits and attacks, but also protects already hacked protocols and wallets.
Sandwich attacks are a relatively new, but increasingly frequent, already well-known type of front-and-back running attack. According to a report published by TarLogic, a total of 457,691 sandwich attacks were detected between May 2020 and April 2022, with an average ROI of over 4%. The most profitable attack to date was discovered in May 2021, stealing 56 ETH, worth $200,000 at the time. This was achieved with just 2 transactions executed within 1 second.
Sandwich Attack Description
A sandwich attack includes front-running and back-running Both tactics are included. To do this, the attacker monitors her mempool. Look for a suitable transaction, and when the opportunity arises, buy the same token first and sell it after the transaction is executed.
There are three distinct stages when defeating a sandwich attack:
- Using mempool to place purchase transactions to boost asset prices.
- User buys coins at a higher price.
- Attackers pocket the difference and sell coins.
Choose the best anti-sandwich protection for you
Hackless exchange of assets for all DeFi users and can avoid public mempools . This means that transactions are sent directly to miners and are invisible to exploiters.
The service is available on thehackless website via an intuitive and easy-to-use widget. Simply connect Metamask, select your network and token, sign a transaction, and it will automatically be sent to your private her miner.
Business anti-sandwich
According to the REKT database, the DeFi protocol lost $6 billion in total to various types of scams, hacks and exploits (including sandwich attacks). Hackless is now introducing a solution for her DeFi companies that want to provide users with a better product experience as well as additional protection.
Anti-Sandwich by Hackless is perfect for blockchain projects that need a fast and secure swapping widget. The solution is now available on the Ethereum and Binance Smart Chain networks and is being extended further to other chains.
Client’s Anti-Sandwich widget on her website allows users to easily exchange project tokens without leaving her website. This makes the user experience smoother and more secure while avoiding potential sandwich attacks and confusion with other tokens. The widget can be easily plugged into any of his websites via theNPM libraryand customized to fit your brand’s look and feel. increase.
10,000 $HKLS Airdrop Pool for Early Adopters
Best Perks Actually Avoid “Pinch” and Money Loss However, Hackless also encourages the most security-conscious teams and people by airdropping 10,000 HKLS tokens, offering referral bonuses and more.
Early adopters are arguably the luckiest. Not only will you have the opportunity to try the service for free, but you can also participate in an exclusive airdrop activity via{137. } Shine
Hackless and How DeFi Security Works See{153 for more information on how to harden . } Join theDiscord and communities on the project sitePlease give me. Telegram
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