I gave a research presentation on Flash-Mintable Asset-Backed Tokens (new DeFi primitive).

Includes discussion about their properties, compare/contrast to flash loans, and a live bug bounty.

Video (1 hour)

Link to Zoom recording (1 hr):

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Slides

If you’re not up for a 1 hr video, you can view the slides:

docs.google.com Flash mintable tokens Flash-Mintable Asset-Backed Tokens Perfect credit from atomicity

Flash-Mintable repository

Or just check out the README in the Flash-Mintable repository:

GitHub Austin-Williams/flash-mintable-tokens Anyone can be rich... for an instant. Contribute to Austin-Williams/flash-mintable-tokens development by creating an account on GitHub.

fWETH contract live on mainnet

The Flash-Mintable Wrapped-Ether (fWETH) contract is live on mainnet. It has the same public API as WETH (is intended to work as a drop-in replacement for WETH).

Ethereum (ETH) Blockchain Explorer Contract Address 0xf7705C1413CffCE6CfC0fcEfe3F3A12F38CB29dA | Etherscan The Contract Address 0xf7705C1413CffCE6CfC0fcEfe3F3A12F38CB29dA page allows users to view the source code, transactions, balances, and analytics for the contract address. Users can also interact and make transactions to the contract directly on...

Bug Bounty contract

The Bug Bounty contract (a constant-sum, AMM exchange contract that lets you trade fWETH for ETH on a 1-to-1 basis with no fees and no slippage).

Ethereum (ETH) Blockchain Explorer Contract Address 0x5d84fc93a6a8161873a315c233fbd79a88280079 | Etherscan The Contract Address 0x5d84fc93a6a8161873a315c233fbd79a88280079 page allows users to view the source code, transactions, balances, and analytics for the contract address. Users can also interact and make transactions to the contract directly on...

If you can find a way to break the economics you can steal all of the money from this contract.

Finally

I think that’s about as far as I’m going to take this research project. Feel free to use it, fork it, ignore it, or whatever. If you do decide to pick up the torch and run with it, feel free to reach out if you want to discuss some of the more subtle design decisions.