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Synth exchange suspension for protocol security #80

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justinjmoses opened this issue Jan 21, 2020 · 0 comments
Open

Synth exchange suspension for protocol security #80

justinjmoses opened this issue Jan 21, 2020 · 0 comments

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@justinjmoses
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@justinjmoses justinjmoses commented Jan 21, 2020

In order to mitigate unknown market manipulation attacks, such as the recent SPOT market manipulation of MKR, we need a mechanism to manually suspend (and potentially resume) exchanges into specific synths. The current solution involves updating the centralized Synthetix oracle to post a fixed price, which will no longer work once we fully migrate to Chainlink (https://sips.synthetix.io/sips/sip-36).

@justinjmoses justinjmoses changed the title Synth exchange pausing for protocol security Synth exchange suspension for protocol security Jan 21, 2020
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