Hacking a DAO Without Breaking the Code
Protocol hacks don't always require software bugs. In DAOs, attackers can use flash loans, voter apathy, and legal proposal execution to drain treasuries simply by winning elections.
Game Theory
5 published articles
The Truth Engine Fallacy: How Prediction Markets Turn Money Into Probability
Polymarket is hailed as a neutral truth engine outperforming polls. But prediction markets don't aggregate democratic crowd wisdom; they aggregate capital-weighted order flow, trade on insider leaks, and rely on human oracle disputes.
The Strange Economics of Airdrops: Paying People to Look Like Users
When crypto protocols reward observable usage with valuable tokens, users begin optimizing the measurement itself. Here is how Sybil farming, Goodhart's law, and forensic graph analysis turn user metrics into an economic game.
How Does a Smart Contract Know It Rained in London?
Smart contracts are deliberately blind to the outside world to preserve blockchain consensus. Here is how decentralized oracle networks, TWAPs, and game-theoretic incentives decide what counts as external truth.
Someone Can See Your Crypto Trade Before It Happens — And Profit From It
When you click Swap on a decentralized exchange, your transaction sits in a public mempool before block inclusion. Here is how specialized bots, transaction ordering auctions, and MEV-Boost turn your slippage setting into a multi-million dollar market.
