Supremacy

@Supremacy

publications

Private team

Joined on Apr 6, 2023

  • Abstract Recently, Binance's Earn team at Curve.fi launched a proposal to add $wBETH to the gauge controller, a move that will enable the distribution of gauge weights, which its users can use to mint $CRV. The Supremacy research team is committed to exploring cutting-edge projects and building a secure and stable ecosystem. Considering the importance of the ecosystem security of Curve.fi and Binance, we decided to perform a centralized risk assessment of $wBETH. This report is not intended to be used as any financial advice. Introduction Wrapped BETH ("WBETH") is a special kind of BETH, and is a token created by depositing BETH into the BETH wrapper. Each WBETH represents 1 BETH (1:1 to staked ETH) plus all of its accrued ETH2.0 staking rewards starting from when WBETH's conversion rate was initialized at 1:1 on 27 Apr 2023 00:00 (UTC+0).
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  • Copyright © 2023 by Supremacy. All rights reserved. Contents Introduction Given the opportunity to review the design document and related source code of the Litra protocol, we outline in the report our systematic approach to evaluate potential security issues in the smart contract(s) implementation, and provide additional suggestions or recommendations for improvement. Our results show that the given version of smart contracts can be further improved due to the presence of several issues related to either security or performance. This document outlines our audit results. About Client Litra Finance is an NFT liquidity protocol that wraps NFT into fungible ERC20 tokens to improve trading accuracy and provide more basic liquidity targets. Combining an automated centralized liquidity AMM with a customized curve provides traders with the ultimate trading experience with low slippage, while reducing impermanent losses for liquidity providers. The introduction of the veToken model encourages liquidity providers to actively and consistently provide liquidity for greater returns, which also aligns the interests of all parties.
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