I was engaged by the positive sum pepe team to do a time bounded security review of a part of the contracts comprising their first deployment. The review took place over 1 week and changes were made through the period so there is not one single commit hash in scope. The protocol under review implements a s shaped bonding curve in order to sell tokens in exchange for liquid staking ethereum tokens. The liquid staking rewards are redistributed to the holders of the token over time which is intended to limit the range of trades which are rational. This report does not comment on the economic structure of the protocol but only on the fidelity of the codebase to the team's design.
2/6/2024Dyad is a stablecoin creation protocol which uses lending against modified 4626 vault deposits to create stablecoins. The scope of the audit is around 800 lines of solidity which includes the ERC4626 contracts, NFT contracts, Governance system and liquidation system, but not the staking system. The lending protocol uses a simple constant 150% over collateralization rule and has permissionless collateral addition system. The review was conducted over a week starting with commit 6c49aca.
12/3/2023Summary: Critical: 0, High: 1, Medium 2, Low: 0, Note: Various
11/10/2023Notes:L
10/18/2023or
By clicking below, you agree to our terms of service.
New to HackMD? Sign up