Centrifuge - Vagner's results

The institutional ecosystem for on-chain credit.

General Information

Platform: Code4rena

Start Date: 08/09/2023

Pot Size: $70,000 USDC

Total HM: 8

Participants: 84

Period: 6 days

Judge: gzeon

Total Solo HM: 2

Id: 285

League: ETH

Centrifuge

Findings Distribution

Researcher Performance

Rank: 55/84

Findings: 1

Award: $50.43

🌟 Selected for report: 0

🚀 Solo Findings: 0

Awards

50.4324 USDC - $50.43

Labels

bug
2 (Med Risk)
low quality report
satisfactory
duplicate-34

External Links

Lines of code

https://github.com/code-423n4/2023-09-centrifuge/blob/512e7a71ebd9ae76384f837204216f26380c9f91/src/InvestmentManager.sol#L383-L393 https://github.com/code-423n4/2023-09-centrifuge/blob/512e7a71ebd9ae76384f837204216f26380c9f91/src/InvestmentManager.sol#L396-L406

Vulnerability details

Impact

The EIP-4626 states that the function previewMint and previewWithdraw should be rounded up always, but that is not the case in the InvestmentManager.sol which makes it not fully compliant.

Proof of Concept

As can be seen by EIP-4626 https://eips.ethereum.org/EIPS/eip-4626 the function previewDeposit and previewRedeem must round down, which is done trough the whole functions, but previewMint and previewWithdraw should be rounded up, which is not the case as can be seen here https://github.com/code-423n4/2023-09-centrifuge/blob/512e7a71ebd9ae76384f837204216f26380c9f91/src/InvestmentManager.sol#L579-L581. This will make the LiquidityPool.sol not fully EIP-4626 compliant as stated, which can lead to wrong assumptions if other protocol interact with Centrifuge.

Tools Used

Manual review

Consider implementing EIP-4626 fully and correctly to prevent wrong assumptions.

Assessed type

ERC4626

#0 - c4-pre-sort

2023-09-16T02:12:59Z

raymondfam marked the issue as low quality report

#1 - c4-pre-sort

2023-09-16T02:13:07Z

raymondfam marked the issue as duplicate of #25

#2 - c4-judge

2023-09-26T16:20:53Z

gzeon-c4 marked the issue as unsatisfactory: Invalid

#3 - c4-judge

2023-09-26T16:26:29Z

gzeon-c4 removed the grade

#4 - c4-judge

2023-09-26T16:26:36Z

gzeon-c4 marked the issue as not a duplicate

#5 - c4-judge

2023-09-26T16:26:47Z

gzeon-c4 marked the issue as duplicate of #34

#6 - c4-judge

2023-09-26T18:10:54Z

gzeon-c4 marked the issue as satisfactory

AuditHub

A portfolio for auditors, a security profile for protocols, a hub for web3 security.

Built bymalatrax © 2024

Auditors

Browse

Contests

Browse

Get in touch

ContactTwitter