Rating:

It scans in shellcode, and runs it. There is a length check, and an xor check. Checkout the linked writeup for a much more detailed explanation.

https://github.com/guyinatuxedo/ctf/tree/master/defconquals2019/speedrun/s3

Original writeup (https://github.com/guyinatuxedo/ctf/tree/master/defconquals2019/speedrun/s3).