2 min read First of all, what is a honeypot? Simply put, in the cryptocurrency realm, a honeypot represents a digital asset that can be bought but never sold.More often than not, a honeypot is the attack vector of scammers, rug-pull actors and hackers trying to deploy various phishing scenarios in deceipting people to buy…
2 min read What is token approval ? If you ever performed a sell transaction on a Decentralized Exchange, you know that you need to perform an approval transaction first. This is required because the DEX smart contract needs to be able to retrieve the tokens you are selling from your balance, hence you “approving”…
2 min read What is frontrunning ? Frontrunning happens when an attacker learns about your intention to buy an asset (like an ERC20 token) and performs a large BUY transaction before you do – to increase its price. The attacker awaits you to buy the asset at an increased price (after his buy) and then…
3 min read Coinbase’s Base: A Developer-Friendly Layer 2 Solution OMNIA currently supports Base Goerli Testnet, which is an essential environment for testing and developing applications on Base; the recent launch of Base’s Mainnet on August 9 introduces a fully operational network. Base is an Ethereum Layer 2 (L2) solution designed to bring the next…
< 1 minute Ever wondered if your DeFi transaction was unfairly manipulated? Just as “Have I Been Pwned” alerts you to potential data breaches, OMNIA unveils ‘HaveIBeenFront.run’ to safeguard your DeFi trades. Frontrunning in DeFi isn’t merely an annoyance—it’s a rampant issue affecting hundreds daily. Sites like Eigenphi.io even maintain a leaderboard to highlight its…
3 min read The DeFi landscape with all its innovation, is not without its challenges. DeFi traders have to navigate a myriad of complexities, from Maximal Extractable Value (MEV) bots, transaction failures, honeypot and frontrunning attacks to name a few. MEV refers to the potential profit MEV bots can make by manipulating the order of…
7 min read OpenSea API: Your Gateway to the NFT Marketplace Non-fungible tokens (NFTs) have become a focal point in the digital realm, providing a new medium for creators, collectors, and investors. Central to these endeavors is the OpenSea API, a versatile tool that powers the creation, buying, selling, and showcasing of NFTs. In this…
3 min read OMNIA, the first blockchain infrastructure provider, and a global leader in the privacy and security sector, has recently formed a strategic partnership with UniveChain, an Istanbul-based organization dedicated to the development and representation of blockchain technology in Turkey. The primary goal of this partnership is to make a significant impact on the…
5 min read The Solana blockchain has quickly emerged as a strong contender in the world of decentralized finance and digital assets due to its impressive speed, low fees, and scalability. As a result, more and more users are entering the Solana ecosystem, seeking reliable and secure wallets to manage their SOL tokens, stake their…
6 min read Decentralized applications (DApps) are revolutionizing the blockchain industry, and the Solana ecosystem is at the forefront of this movement. As a high-performance blockchain, Solana has become increasingly popular among developers looking to build scalable and user-friendly DApps. One of the key components in achieving this is the seamless integration of Solana Web3,…
7 min read As decentralized finance (DeFi) continues to revolutionize the financial landscape, staking has rapidly gained traction as an attractive way for users to generate passive income on their crypto investments. A DeFi staking platform enables users to lock up their digital assets in a smart contract, subsequently earning interest or other rewards. This…