Alnair Finance
  • 🖥️Overview
  • 📖Synthetics Tokens
  • 🪐Why Astar Network
  • Alnair Finance
    • 🚀Alnair Launchpad
    • 💎ALNR
      • ⚒️ALNR Token Utility
      • ♻️Alnair tokenomics
      • 🌳Liquidity Mining (Farms)
      • ⚙️Staking and Locking
    • 🔐Audit
  • NIKA Conqueror
    • 🔮Nikanomics
    • 😂$NIKA
  • Mechanisms
    • ♾️Collateral Ratio
    • 🛠️Minting and Redeeming
    • ⚖️Price Stability
    • ⚔️Flash Loan Protection
    • 💰Protocol Owned Liquidity
    • 📈Alnair Vaults
    • ⚡Create LP with ZAP Button
  • OTHER
    • 👣Roadmap
    • 📲Links and Socials
    • 📸Brand Assets
    • FAQ
      • What is the APY?
      • Overflow model
      • Effects of Auto-compounding
      • xALNR FAQ
      • How exactly have we secured ourselves against depgs?
  • Getting Started
    • 👜Wallet
    • 🌟How to connect Metamask to Astar network
    • 💱How to withdraw $ASTR from CEX to Metamask
    • 🌉How to bridge Assets to Astar network?
    • 🌉How to transfer assets from Ethereum & BSC to the Astar ecosystem.
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  1. Mechanisms

Flash Loan Protection

Alnair Finance is secure again flashloan types of attacks due to a simple yet absolutely effective 2-step minting and redemption mechanism. When a user wants to mint or redeem a Synthetic Token, 2 transactions (2 steps) need to be performed: 2-step Minting Minting Step 1 (tx#1): Mint Synthetic tokens Minting Step 2 (tx#2): Collect (claim) Synthetic tokens minted in Step 1

2-step Redemption Redemption Step 1 (tx#1): Redeem Synthetic tokens Redemption Step 2 (tx#2): Collect (claim) L1 (e.g. ASTR) and Protocol utility (e.g. $ASTX) token.

PreviousPrice StabilityNextProtocol Owned Liquidity

Last updated 2 years ago

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