Exclusion of New Users Due to Token Max Supply

Lines of code Vulnerability details Summary New users are unable to participate in the protocol once the governance token's maximum supply is reached. Vulnerability Details To engage in the voting system, users need to acquire tokens directly from the protocol, a process managed by...

Tighten Admin Access Control

Lines of code Vulnerability details Admin functions do not use a custom admin role and rely only on owner access control. Recommendation: Implement a custom admin role. // Custom admin role instead of owner enum Role ADMIN // Restrict drop function function dropTopVotedPiece external...

Liquidation condition should not factor the liquidation reward into the premiums

Lines of code Vulnerability details Summary The premiums used to determine the liquidation condition have the liquidation reward already discounted, potentially causing a lien to be considered underwater while technically it is not. Impact Positions in Particle LAMM can be liquidated if the owed...

Loss of precision in calculations

Lines of code Vulnerability details The use of regular division can lead to loss of precision. This could enable certain manipulations through precision attacks. Recommendation: Use SafeMath's div for integer division. Division used in parent can lead to loss of precision. Safemath usage is...

Liquidations can be prevented by frontrunning and liquidating 1 debt (or more) due to wrong assumption in POS_MANAGER

Lines of code Vulnerability details Impact Users can avoid being liquidated if they frontrun liquidation calls with a liquidate call with 1 wei. Or, they may do a partial liquidation and avoid being liquidated before the interest reaches the value of the debt pre liquidation. The total interest...

voteForManyWithSig functions in CultureIndex are open to replay attacks if fails.

Lines of code Vulnerability details Impact If vote fails or reverts for any reason, the nonce in verifyVoteSignature doesn't increment. This leads to the same vote tx being replayed by anyone. Proof of Concept A user submits a vote via voteForManyWithSig, triggering verifyVoteSignature for...

Liquidator has no incentives to execute a favorable trade to the borrower

Lines of code Vulnerability details Summary Swaps involved in liquidations may negatively impact the owner of the lien, since there is no incentive to execute a favorable trade as long as the received amount is enough to recover the liquidity. Impact When an existing position is closed, the...

Array is push()ed but not pop()ed, and is iterated over

Lines of code 96, 485, 485, 485, 485, 485, 485, 485, 485, 485, 485https://github.com/Tapioca-DAO/ta...

Using block.timestamp as the deadline/expiry invites MEV

Lines of code 307 Vulnerability details Passing block.timestamp as the expiry/deadline of an operation does not mean "require immediate execution" - it means "whatever block this transaction appears in, I'm comfortable with that block's timestamp". Providing this value means that a malicious mine...

Malicious user can still native tokens of MoneyMarketHook caller

Lines of code Vulnerability details Proof of Concept MoneyMarketHook allows user to chain some actions into one multicall to the InitCore. In the end user can get all wrapped native tokens that he withdrew in a form of native token. Note, that this part of code withdraws all balance from wrapped...

InitCore.liquidate will revert in case if poolOut is paused for collateral

Lines of code Vulnerability details Proof of Concept InitCore.liquidate function tries to check, that provided poolOut variable is valid pool of protocol. It does it using vars.config.isAllowedForCollateral check. As you can see, in case if poolOut will be paused as collateral for the mode, then...

addRewardToken() does note remove old entries before adding new ones

Lines of code 455, 280, 378, 411 Vulnerability details Each time addRewardToken is called, new entries are added to the array, but doing so does not remove any old entries. By calling the function multiple times, an attacker can can increase their voting power indefinitely, without having to...

Fee-on-transfer/rebasing tokens will have problems when swapping

Lines of code 110 Vulnerability details Uniswap v3 does not support rebasing or fee-on-transfer tokens so using these tokens with it will result funds getting stuck. With fee-on-transfer tokens, if the balance isn't checked, the wrong amount may be transferred out. With rebasing tokens, the...

Contracts are vulnerable to fee-on-transfer accounting-related issues

Lines of code 359, 448, 509, 530, 42, 797, 162 Vulnerability details The functions below transfer funds from the caller to the receiver via transferFrom, but do not ensure that the actual number of tokens received is the same as the input amount to the transfer. If the token is a fee-on-transfer...

Return values of transfer()/transferFrom() not checked

Lines of code 377, 509, 491, 530, 42, 50 Vulnerability details Not all IERC20 implementations revert when there's a failure in transfer/transferFrom. The function signature has a boolean return value and they indicate errors that way instead. By not checking the return value, operations that shou...

Calls to get_virtual_price() are vulnerable to read-only reentrancy

Lines of code 117 Vulnerability details getvirtualprice was originally considered to be a manipulation-resistant price - suitable as a price oracle, but it was later found to be vulnerable to a read-only reentrancy attack, where the Curve contract could be put into a partially-modified state, and...

Calls to get_virtual_price() are vulnerable to read-only reentrancy

Lines of code 117 Vulnerability details getvirtualprice was originally considered to be a manipulation-resistant price - suitable as a price oracle, but it was later found to be vulnerable to a read-only reentrancy attack, where the Curve contract could be put into a partially-modified state, and...

TRST-M-1 finding from previous audit still exists

Lines of code Vulnerability details Proof of Concept Issue TRST-M-1 from previous audit still exist. In order to calculate collateral amount getCollateralCreditCurrente36 function is used. uint tokenValuee36 = ILendingPoolpoolsi.toAmtCurrentsharesi tokenPricee36; tokenValuee36 is usd value of...

addRewardToken() does note remove old entries before adding new ones

Lines of code 455, 280, 378, 411 Vulnerability details Each time addRewardToken is called, new entries are added to the array, but doing so does not remove any old entries. By calling the function multiple times, an attacker can can increase their voting power indefinitely, without having to...

_safeMint() should be used rather than _mint() wherever possible

Lines of code 139, 178, 204 Vulnerability details mint is discouraged in favor of safeMint which ensures that the recipient is either an EOA or implements IERC721Receiver. Both OpenZeppelin and solmate have versions of this function. In the cases below, mint does not call...

Contracts are vulnerable to fee-on-transfer accounting-related issues

Lines of code 359, 448, 509, 530, 42, 797, 162 Vulnerability details The functions below transfer funds from the caller to the receiver via transferFrom, but do not ensure that the actual number of tokens received is the same as the input amount to the transfer. If the token is a fee-on-transfer...

TRST-M-8 from previous audit still present

Lines of code Vulnerability details Proof of Concept TRST-M-8 from previous audit describes the fact, that when repaying is paused, then pool still continue accruing interests. Usually this is not considered as a medium bug anymore. However, protocol team has stated, that they have fixed...

Array is push()ed but not pop()ed, and is iterated over

Lines of code 96, 485, 485, 485, 485, 485, 485, 485, 485, 485, 485https://github.com/Tapioca-DAO/ta...

Unchecked return value of low-level call()/delegatecall()

Lines of code 120, 141, 411, 184, 160, 189, 152, 444, 625, 638https://github.com/Tapioca-DAO/tapioca-bar-audit/blob/2286f80f928f41c8bc189d0657d74ba83286c668/contract...

Using block.timestamp as the deadline/expiry invites MEV

Lines of code 307 Vulnerability details Passing block.timestamp as the expiry/deadline of an operation does not mean "require immediate execution" - it means "whatever block this transaction appears in, I'm comfortable with that block's timestamp". Providing this value means that a malicious mine...

addRewardToken() does note remove old entries before adding new ones

Lines of code 455, 280, 378, 411 Vulnerability details Each time addRewardToken is called, new entries are added to the array, but doing so does not remove any old entries. By calling the function multiple times, an attacker can can increase their voting power indefinitely, without having to...

Some tokens may revert when zero value transfers are made

Lines of code 356, 371, 145, 272, 252, 116, 445, 374, 506, 488https://github.com/Tapioca-DAO/tap-token-audit/blob/59749be5bc2286f0bdbf59d7ddc258ddafd49a9f/contracts/options/TapiocaOptionBroker...

Unchecked return value of low-level call()/delegatecall()

Lines of code 120, 141, 411, 184, 160, 189, 152, 444, 625, 638https://github.com/Tapioca-DAO/tapioca-bar-audit/blob/2286f80f928f41c8bc189d0657d74ba83286c668/contract...

Fee-on-transfer/rebasing tokens will have problems when swapping

Lines of code 110 Vulnerability details Uniswap v3 does not support rebasing or fee-on-transfer tokens so using these tokens with it will result funds getting stuck. With fee-on-transfer tokens, if the balance isn't checked, the wrong amount may be transferred out. With rebasing tokens, the...

Interest still accuring when repayment is paused, creating debt that cannot be repaid

Lines of code Vulnerability details Impact Interest still accuring when repayment is paused Proof of Concept When the admin pause the lending pool repayment, as timestamp elapses, interest still accuring /// @inheritdoc ILendingPool function accrueInterest public uint lastAccruedTime =...

Return values of transfer()/transferFrom() not checked

Lines of code 377, 509, 491, 530, 42, 50 Vulnerability details Not all IERC20 implementations revert when there's a failure in transfer/transferFrom. The function signature has a boolean return value and they indicate errors that way instead. By not checking the return value, operations that shou...

Calls to get_virtual_price() are vulnerable to read-only reentrancy

Lines of code 117 Vulnerability details getvirtualprice was originally considered to be a manipulation-resistant price - suitable as a price oracle, but it was later found to be vulnerable to a read-only reentrancy attack, where the Curve contract could be put into a partially-modified state, and...

_safeMint() should be used rather than _mint() wherever possible

Lines of code 139, 178, 204 Vulnerability details mint is discouraged in favor of safeMint which ensures that the recipient is either an EOA or implements IERC721Receiver. Both OpenZeppelin and solmate have versions of this function. In the cases below, mint does not call...

_safeMint() should be used rather than _mint() wherever possible

Lines of code 139, 178, 204 Vulnerability details mint is discouraged in favor of safeMint which ensures that the recipient is either an EOA or implements IERC721Receiver. Both OpenZeppelin and solmate have versions of this function. In the cases below, mint does not call...

Some tokens may revert when zero value transfers are made

Lines of code 356, 371, 145, 272, 252, 116, 445, 374, 506, 488https://github.com/Tapioca-DAO/tap-token-audit/blob/59749be5bc2286f0bdbf59d7ddc258ddafd49a9f/contracts/options/TapiocaOptionBroker...

Small positions are allowed in the system that are not profitable for liquidators

Lines of code Vulnerability details Proof of Concept When someone borrows, then he can borrow any assets amount that he would like. In the end function will check that position is healthy, which means that user has enough collateral amount to cover borrowed amount. The problem is that this functi...

Only ensure the Lp is repaid when close the position invites MEV bot

Lines of code Vulnerability details Impact Only ensure the Lp is repaid when close the position invites MEV bot Proof of Concept in the function closePosition function closePosition DataStruct.ClosePositionParams calldata params, DataCache.ClosePositionCache memory cache, Lien.Info memory lien,...

Some tokens may revert when zero value transfers are made

Lines of code 356, 371, 145, 272, 252, 116, 445, 374, 506, 488https://github.com/Tapioca-DAO/tap-token-audit/blob/59749be5bc2286f0bdbf59d7ddc258ddafd49a9f/contracts/options/TapiocaOptionBroker...

In case if wLP will be blacklisted then user will not be able to withdraw it

Lines of code Vulnerability details Proof of Concept When users deposit wLP tokens as collateral, then they are checked to be whitelisted. Later, it's possible that for some reason wLP token will be backlisted by governor. And once it's done, then users, who already used that wLP tokens as...

Lack of input validation for ClosePositionParams.amountSwap results in theft of fund (premium + protocol fee))

Lines of code Vulnerability details Impact Lack of input validation for ClosePositionParams.amountSwap results in theft of fund Proof of Concept ParticlePositionManager.sol hold two part of fund 1. the contract hold premium added by borrower 2. the contract hold protocol fee before protocol...

addRewardToken() does note remove old entries before adding new ones

Lines of code 455, 280, 378, 411 Vulnerability details Each time addRewardToken is called, new entries are added to the array, but doing so does not remove any old entries. By calling the function multiple times, an attacker can can increase their voting power indefinitely, without having to...

bad debt is not socialized

Lines of code Vulnerability details Proof of Concept In case if borrower's position is unhealthy, then he can be liquidated. Liquidator can provide amount of shares in poolToRepay that he will cover and expects to get back poolOut shares. It is possible that position created a bad debt. This mean...

Calls to get_virtual_price() are vulnerable to read-only reentrancy

Lines of code 117 Vulnerability details getvirtualprice was originally considered to be a manipulation-resistant price - suitable as a price oracle, but it was later found to be vulnerable to a read-only reentrancy attack, where the Curve contract could be put into a partially-modified state, and...

Unsafe usage of msg.value in a loop

Lines of code 140 Vulnerability details The value of msg.value in a transaction's call never gets updated, even if the called contract ends up sending some or all of the Eth to another contract. This means that using msg.value in a for- or while-loop, without extra accounting logic, will either...

Calls to get_virtual_price() are vulnerable to read-only reentrancy

Lines of code 117 Vulnerability details getvirtualprice was originally considered to be a manipulation-resistant price - suitable as a price oracle, but it was later found to be vulnerable to a read-only reentrancy attack, where the Curve contract could be put into a partially-modified state, and...

addRewardToken() does note remove old entries before adding new ones

Lines of code 455, 280, 378, 411 Vulnerability details Each time addRewardToken is called, new entries are added to the array, but doing so does not remove any old entries. By calling the function multiple times, an attacker can can increase their voting power indefinitely, without having to...

addRewardToken() does note remove old entries before adding new ones

Lines of code 455, 280, 378, 411 Vulnerability details Each time addRewardToken is called, new entries are added to the array, but doing so does not remove any old entries. By calling the function multiple times, an attacker can can increase their voting power indefinitely, without having to...

Calls to get_virtual_price() are vulnerable to read-only reentrancy

Lines of code 117 Vulnerability details getvirtualprice was originally considered to be a manipulation-resistant price - suitable as a price oracle, but it was later found to be vulnerable to a read-only reentrancy attack, where the Curve contract could be put into a partially-modified state, and...

Position cannot be liquidated if the borrower is blocklisted

Lines of code Vulnerability details Impact position cannot be liquidated if the borrower is blocklisted Proof of Concept When the position is closed, the function closePosition is called // execute actual position closing closePositionparams, cache, lien, msg.sender; in this case, the msg.sender ...

Unsafe use of approve() with IERC20

Lines of code 321, 215, 184, 450, 761, 217, 157, 234, 339, 386https://github.com/Tapioca-DAO/t...