REPORT

July 1, 2024

SecPLF: Secure Protocols for Loanable Funds against Oracle

Flash loans have weaponised DeFi oracle manipulation, turning small price discrepancies into million-pound heists that drain lending protocols in seconds. This research uncovers vulnerabilities in Protocols for Loanable Funds and introduces SecPLF, a novel defence that turns attackers' speed against them. 

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SecPLF tracks cryptoasset price states and timestamps, creating dynamic price boundaries that block manipulation while preserving legitimate operations, neutralising arbitrage exploits and offering DeFi its first oracle-agnostic, lightweight protection.