[B10] - Reentrancy Proxy 🏅

Defend against reentrancy attacks by moving the reentrancy guard to a proxy contract

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Challenges

#BUIDLathon 2023 Infrastructure + Scalability

Pool 15,000 USDC

This project qualifies as a security dev tools (due to technical issue, the other team member, orenfine@sphere-x.xyz, doesn't show on the team page)

Risk Management

Ranked 20,000 ETH

This project assesses and mitigates the risk of reentrancy. This project can be deployed on BNB Chain

Project details

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Reentrancy exploits are probably one of the most common causes of Defi hacks.

Hacks like Cream, Fei and the recent Orion have implemented some sorts of Reentrancy Guard but failed to do so in a wholesome manner.

This new approach for Reentrancy Guard makes the integration seamless and avoids any ill-implementation.

This approach also eliminates any vulnerabilities caused by "read-only reentrancy" as this kind reentrancy is also being checked.

We hope this will help developers gain confidence in their code as one that is protected against reentrancy