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Introduction to Ethereum DeFi Smart Contract Security & Exploits

Mike and Mike De'Shazer
This project is for curious minds interested in understanding popular Ethereum-based application vulnerabilities that are particularly effective in decentralized financial (DeFi) markets. In this project, we will execute a few exploits within a few example...
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This project is for curious minds interested in understanding popular Ethereum-based application vulnerabilities that are particularly effective in decentralized financial (DeFi) markets. In this project, we will execute a few exploits within a few example smart contracts on a blockchain we will deploy. By the end of this project, you should have hands-on experience and a firmer understanding of race conditions and other types of ecosystem manipulation measures that can occur in Ethereum-based decentralized financial (DeFi) markets. Ideal participants have a basic understanding of how Ethereum works and some experience executing Ethereum transactions.
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Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Teaches ecosystem manipulation measures in Ethereum-based DeFi markets, which is highly relevant to the blockchain industry
Develops a firmer understanding of race conditions in Ethereum-based DeFi markets
Offers hands-on labs and interactive materials, providing practical experience
Requires a basic understanding of Ethereum, which may be a barrier for some learners
Taught by Mike De'Shazer, an instructor with experience in Ethereum-based projects

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Reviews summary

Defi smart contract security exploits course review

This course on Ethereum Security and exploiting smart contracts seems to have varying levels of success for students. Some found the guided project to be helpful, while others struggled with the explanations. Overall, the sentiment is mixed, with one student calling it the worst online experience they've ever had, while others found it to be great for learning. There are definitely some areas where the course could be improved, such as providing more explanations and documentation.
Guided project format could be helpful.
"nice guided project."
Rhyme learning platform is frustrating.
"Rhyme totally destroyed my experience of the guided project."
"Rhyme learning platform was extremely difficult to use without constantly clicking back and forth the video on own machine."
The course relies heavily on copy/paste.
"Only Copy/Paste and poor explanation. Not worth the money."
Explanations need to be more detailed.
"explain the code man! "
"Nothing was explained in detail, just copy paste stuff, could not understand much although I have a background in Ethereum based blockchains."
"No explanation of the attacks or background to ethereum contracts in general."
Overall negative experience with this course.
"Waste of money and time, worse online experience ever, no course content"
"This is a video that show you how to a copy paste code, nothing is explained, don't bother with this. It's basically a scam. I want my money back."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Introduction to Ethereum DeFi Smart Contract Security & Exploits with these activities:
Python Programming Refresher
Refresh your knowledge of Python programming concepts to enhance your ability to develop smart contracts and interact with the Ethereum blockchain.
Browse courses on Python Programming
Show steps
  • Review the basics of Python syntax, data types, and control flow.
  • Practice writing simple Python programs to solidify your understanding.
  • Explore resources like Codecademy or DataCamp for interactive Python exercises.
Reviewing Blockchain Fundamentals
Familiarize yourself with the fundamental concepts of blockchain technology and its applications in various industries.
Show steps
  • Read the preface and introduction of the book.
  • Review the first three chapters.
  • Take notes on the key concepts, including distributed ledger technology, consensus mechanisms, and cryptocurrency.
  • Discuss the implications of blockchain for different industries with a study group or peers.
Guided Tutorials on Race Conditions
Enhance your understanding of race conditions and their impact on Ethereum-based applications through guided tutorials.
Browse courses on Race Conditions
Show steps
  • Access online tutorials provided by platforms like Coursera or Udemy.
  • Follow the step-by-step instructions to create scenarios that demonstrate race conditions.
  • Analyze the results and learn about the different techniques to mitigate race conditions.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Hands-on Smart Contract Development
Gain practical experience in developing and deploying smart contracts on the Ethereum blockchain.
Show steps
  • Set up your development environment with a text editor and the Solidity compiler.
  • Create your first smart contract using OpenZeppelin's ERC20 token standard.
  • Deploy your smart contract to a test network, such as Rinkeby or Ropsten.
  • Test the functionality of your smart contract using a web3 library.
Workshop on Ethereum Ecosystem Manipulation
Attend a workshop to gain specialized knowledge and hands-on experience in detecting and mitigating ecosystem manipulation tactics.
Show steps
  • Research and identify reputable workshops on Ethereum ecosystem manipulation.
  • Register and attend the workshop.
  • Engage with experts and fellow participants to learn about the latest techniques and best practices.
  • Apply the knowledge gained to your own DeFi-related activities.
Visualizing Ethereum Transaction Flows
Develop a visual representation of the transaction flow within an Ethereum network to enhance your understanding of its complexities.
Browse courses on Data Analytics
Show steps
  • Choose a suitable tool for data visualization, such as Gephi or NetworkX.
  • Collect transaction data from a public Ethereum blockchain explorer.
  • Create a graph or network diagram representing the transactions and their relationship to addresses and smart contracts.
  • Analyze the visualized data to identify patterns and anomalies.
DeFi Market Analysis Report
Conduct a thorough analysis of the DeFi market to gain insights into its opportunities and risks.
Browse courses on Financial Markets
Show steps
  • Gather data on DeFi protocols, tokens, and market trends.
  • Evaluate the performance of different DeFi applications and their impact on the market.
  • Identify potential risks and challenges associated with DeFi investments.
  • Develop a comprehensive report summarizing your findings and insights.

Career center

Learners who complete Introduction to Ethereum DeFi Smart Contract Security & Exploits will develop knowledge and skills that may be useful to these careers:
Blockchain Developer
Blockchain Developers design and implement blockchain-based solutions. This course provides foundational knowledge for Blockchain Developers by explaining how to execute smart contracts within a blockchain, which is a key skill for the role. This knowledge will enable a Blockchain Developer to build more secure and robust applications.
Penetration Tester
Penetration Testers identify and exploit vulnerabilities in systems and applications to improve their security. The hands-on experience gained in this course in executing exploits within example smart contracts will help Penetration Testers develop the skills and knowledge needed to conduct effective penetration tests of blockchain-based applications.
Security Analyst
Security Analysts identify and mitigate security risks. The knowledge gained in this course about Ethereum-based application vulnerabilities and ecosystem manipulation measures will help Security Analysts better protect systems and applications from these threats.
Smart Contract Auditor
Smart Contract Auditors ensure that smart contracts are secure and free of vulnerabilities. The hands-on experience gained in this course in executing exploits within example smart contracts will help Smart Contract Auditors learn to identify and mitigate vulnerabilities in smart contracts.
Risk Manager
Risk Managers identify and mitigate risks to organizations. The knowledge gained in this course about Ethereum-based application vulnerabilities and ecosystem manipulation measures will help Risk Managers better understand and mitigate risks to organizations that use blockchain-based applications.
Software Engineer
Software Engineers design, develop, and maintain software applications. The knowledge gained in this course about Ethereum-based application vulnerabilities and ecosystem manipulation measures will help Software Engineers build more secure and robust applications.
Information Security Analyst
Information Security Analysts identify and mitigate security risks to information systems and data. The knowledge gained in this course about Ethereum-based application vulnerabilities and ecosystem manipulation measures will help Information Security Analysts better protect systems and data from these threats.
DevOps Engineer
DevOps Engineers work to bridge the gap between development and operations teams, ensuring that software is developed and deployed efficiently and securely. The knowledge gained in this course about Ethereum-based application vulnerabilities and ecosystem manipulation measures will help DevOps Engineers identify and mitigate risks during the development and deployment process.
Systems Administrator
Systems Administrators manage and maintain computer systems and networks. The knowledge gained in this course about Ethereum-based application vulnerabilities and ecosystem manipulation measures will help Systems Administrators better protect systems and networks from these threats.
Entrepreneur
Entrepreneurs start and run their own businesses. The knowledge gained in this course about Ethereum-based application vulnerabilities and ecosystem manipulation measures will help Entrepreneurs better understand the risks associated with blockchain-based businesses and how to mitigate these risks.
Business Analyst
Business Analysts analyze business processes and systems to identify opportunities for improvement. The knowledge gained in this course about Ethereum-based application vulnerabilities and ecosystem manipulation measures will help Business Analysts better understand the risks associated with blockchain-based applications and how to mitigate these risks.
Investment Banker
Investment Bankers advise companies on mergers, acquisitions, and other financial transactions. The knowledge gained in this course about Ethereum-based application vulnerabilities and ecosystem manipulation measures will help Investment Bankers better understand the risks associated with blockchain-based companies and projects.
Product Manager
Product Managers manage the development and marketing of products. The knowledge gained in this course about Ethereum-based application vulnerabilities and ecosystem manipulation measures will help Product Managers better understand the risks associated with blockchain-based products and how to mitigate these risks.
Project Manager
Project Managers plan and execute projects. The knowledge gained in this course about Ethereum-based application vulnerabilities and ecosystem manipulation measures will help Project Managers better understand the risks associated with blockchain-based projects and how to mitigate these risks.
Financial Analyst
Financial Analysts analyze financial data to make investment recommendations. The knowledge gained in this course about Ethereum-based application vulnerabilities and ecosystem manipulation measures will help Financial Analysts better understand the risks associated with investing in blockchain-based companies and projects.

Reading list

We've selected eight books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Introduction to Ethereum DeFi Smart Contract Security & Exploits.
This is the original whitepaper that introduced Ethereum. It provides a high-level overview of the Ethereum platform and its goals. It valuable resource for those looking to understand the genesis of Ethereum.
Provides a comprehensive overview of Ethereum and its underlying technology, making it a valuable resource for those looking to gain a deeper understanding of the platform. It covers topics such as smart contract development, DApp development, and the Ethereum ecosystem.
Provides a comprehensive overview of Ethereum, including its history, architecture, and how to build smart contracts and dApps. It valuable resource for anyone who wants to learn more about Ethereum and its potential.
Comprehensive guide to Ethereum, covering topics such as the Ethereum Virtual Machine, smart contracts, DApps, and the Ethereum ecosystem. It valuable resource for those looking to learn more about the technical aspects of Ethereum.
Provides a beginner-friendly introduction to smart contracts and their potential applications in the financial sector. It covers topics such as smart contract design, development, and deployment.
Beginner-friendly guide to Ethereum, covering everything you need to know to get started. It great resource for anyone who wants to learn more about Ethereum without getting too technical.
Provides a comprehensive overview of cryptoassets, including Ethereum. It covers the basics of cryptoassets, as well as how to invest in them. It valuable resource for anyone who wants to learn more about cryptoassets.
Provides a comprehensive overview of Bitcoin, the first and most well-known cryptocurrency. It covers the history of Bitcoin, its architecture, and its potential to disrupt the financial system.

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