Disclosure Tales 02: Downward Facing DAOs
I discovered and disclosed a vulnerability in the Updog and FAME DAO contracts. Then I hacked them. This story is not boring. Background: The DAOs Updog offered a fully featured DAO platform. In a nutshell: Each DAO instance has a governance token that can be staked and withdrawn. The DAO contracts could control assets and ALGO. Payments of both types could be executed trustlessly after a proposal passed with enough votes. Voting power is proportional to the staked amount of governance tokens in the DAO. ...