Queued Redemption Process (Burning TRUNK)
The redemption queue is another mechanic Elephant Money has implemented to mitigate/remove the threat of flash loan attacks.
With the rollout of the Governance Strategies, there is a fixed daily amount that may be redeemed (cannot be surpassed), and any more monies that wish to be redeemed must wait until the next day.
Under the present system, there is no way for an exploiter to redeem more than the fixed amount redeemable daily, rendering large scale multi-million dollar flash loan attacks ineffective.
Last modified 5mo ago