BCRA 2024
Fri 26 - Sat 27 July 2024 Hangzhou, China
Fri 26 Jul 2024 11:45 - 12:00 at The ballroom B - Session 1 - Smart Contract Security Chair(s): Ruidong Zhang

Decentralized finance (DeFi) is a rapidly evolving blockchain technology that offers a new perspective on financial services through web3 applications. DeFi offers developers the flexibility to create financial services using smart contracts, leading to a lack of standardized protocols and challenges in applying traditional finance models for risk assessment, especially during the early stages of adoption. The Maker protocol is a prominent DeFi platform known for its diverse functionalities, including loan services. This study focuses on analyzing the risk associated with Maker’s loan portfolio by developing a risk model based on multiple Brownian motions passage levels with Brownian motions representing different collateral types and levels being users’ collateralization ratios. Through numerical experiments using artificial and real data, we evaluate the model’s effectiveness in assessing risk within the loan portfolio. While our findings demonstrate the model’s potential for assessing risk within a single DeFi project, it is important to acknowledge that the model’s assumptions may not be fully applicable to real-world data. This research underscores the importance of developing project-specific risk assessment models for individual DeFi projects and encourages further exploration of other DeFi protocols.

Fri 26 Jul

Displayed time zone: Beijing, Chongqing, Hong Kong, Urumqi change

10:45 - 12:00
Session 1 - Smart Contract SecurityResearch Track at The ballroom B
Chair(s): Ruidong Zhang University of Wisconsin-Eau Claire
10:45
15m
Paper
ACOFuzz: an Ant Colony Algorithm-based Fuzzer for Smart Contracts
Research Track
Peixuan Feng Henan Key Laboratory of Network Cryptography Technology, Wenrui Cao Henan Key Laboratory of Network Cryptography Technology, Siqi Lu Henan Key Laboratory of Network Cryptography Technology, Yongjuan Wang Henan Key Laboratory of Network Cryptography Technology, Haoyuan Xue Henan Key Laboratory of Network Cryptography Technology, Runnan Yang Henan Armed Police Corps Hospital
11:00
15m
Paper
DelegateTracker: Delegatecall Vulnerability Detection Tool Based on Read-Write Data Flow Capture Algorithm
Research Track
Peixuan Feng Henan Key Laboratory of Network Cryptography Technology, Wenrui Cao Henan Key Laboratory of Network Cryptography Technology, Siqi Lu Henan Key Laboratory of Network Cryptography Technology, Yongjuan Wang Henan Key Laboratory of Network Cryptography Technology, Xiangyu Wang Henan Key Laboratory of Network Cryptography Technology, Runnan Yang Henan Armed Police Corps Hospital
11:15
15m
Paper
SoK: On the Security of Non-Fungible Tokens
Research Track
Kai Ma , Jintao Huang Huazhong University of Science and Technology, Ningyu He Peking University, Zhuo Wang , Haoyu Wang Huazhong University of Science and Technology
11:30
15m
Paper
To Healthier Ethereum: A Comprehensive and Iterative Smart Contract Weakness Enumeration
Research Track
Jiachi Chen Sun Yat-sen University, Mingyuan Huang Sun Yat-sen University, Zewei Lin Sun Yat-sen University, Peilin Zheng Sun Yat-sen University, Zibin Zheng Sun Yat-sen University
11:45
15m
Paper
DeFi Risk Assessment: MakerDAO Loan Portfolio Case
Research Track
Ignat Melnikov Skolkovo Institute of Science and Technology; Blockchain Laboratory, Sberbank PJSC, Irina Lebedeva Skolkovo Institute of Science and Technology, Blockchain Laboratory, Sberbank PJSC, Artem Petrov Blockchain Laboratory, Sberbank PJSC; Blockchain Department, Moscow Institute of Physics and Technology, Yury Yanovich Skolkovo Institute of Science and Technology; Faculty of Computer Science, HSE University