Frax Ether Liquid Staking contest - aysha's results

A liquid ETH staking derivative designed to uniquely leverage the Frax Finance ecosystem.

General Information

Platform: Code4rena

Start Date: 22/09/2022

Pot Size: $30,000 USDC

Total HM: 12

Participants: 133

Period: 3 days

Judge: 0xean

Total Solo HM: 2

Id: 165

League: ETH

Frax Finance

Findings Distribution

Researcher Performance

Rank: 67/133

Findings: 2

Award: $40.88

🌟 Selected for report: 0

🚀 Solo Findings: 0

Unlocked pragma Contracts should be deployed using the same compiler version/flags with which they have been tested. Locking the pragma (for e.g. by not using ^ in pragma solidity 0.5.10) ensures that contracts do not accidentally get deployed using an older compiler version with unfixed bugs. https://swcregistry.io/docs/SWC-103

https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/ERC20/ERC20PermitPermissionedMint.sol#L2 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/frxETHMinter.sol#L2 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/OperatorRegistry.sol#L2 https://github.com/corddry/ERC4626/blob/643cd044fac34bcbf64e1c3790a5126fec0dbec1/src/xERC4626.sol#L4

Missing zero address validation Setters of address type parameters should include a zero-address check otherwise contract functionality may become inaccessible or tokens burnt forever. https://github.com/crytic/slither/wiki/Detector-Documentation#missing-zero-address-validation

https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/sfrxETH.sol#L42 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/sfrxETH.sol#L61 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/sfrxETH.sol#L77 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/frxETH.sol#L36-L38 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/ERC20/ERC20PermitPermissionedMint.sol#L25-L26 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/ERC20/ERC20PermitPermissionedMint.sol#L59 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/frxETHMinter.sol#L53-L57 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/frxETHMinter.sol#L70 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/frxETHMinter.sol#L85 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/frxETHMinter.sol#L166 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/frxETHMinter.sol#L199 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/OperatorRegistry.sol#L40 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/OperatorRegistry.sol#L202

Use OpenZeppelin’s SafeERC20 wrappers. recoverERC20() uses plain transfer call while the tokenAddress, can be arbitrary: Use safe transfer instead. https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/frxETHMinter.sol#L200

Unindexed event parameters Parameters of certain events are expected to be indexed (e.g. ERC20 Transfer/Approval events) so that they’re included in the block’s bloom filter for faster access. Failure to do so might confuse off-chain tooling looking for such indexed events. https://github.com/crytic/slither/wiki/Detector-Documentation#unindexed-erc20-event-oarameters

https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/frxETHMinter.sol#L205-L212 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/ERC20/ERC20PermitPermissionedMint.sol#L104-L106 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/OperatorRegistry.sol#L208-L214

Uncalled public functions Public functions that are never called from within the contracts should be declared external to save gas. https://github.com/crytic/slither/wiki/Detector-Documentation#public-function-that-could-be-declared-external

https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/OperatorRegistry.sol#L82 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/OperatorRegistry.sol#L93 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/sfrxETH.sol#L54 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/ERC20/ERC20PermitPermissionedMint.sol#L53 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/ERC20/ERC20PermitPermissionedMint.sol#L59 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/ERC20/ERC20PermitPermissionedMint.sol#L65 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/ERC20/ERC20PermitPermissionedMint.sol#L76 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/ERC20/ERC20PermitPermissionedMint.sol#L94

Function parameters Ensure input validation for all function parameters especially if the visibility is external/public where (untrusted) users can control values. This is especially required for address parameters where maliciously/accidentally used incorrect/zero addresses can cause vulnerabilities or unexpected behavior. https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/ERC20/ERC20PermitPermissionedMint.sol#L53 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/ERC20/ERC20PermitPermissionedMint.sol#L59

Calls inside a loop Calls to external contracts inside a loop are dangerous (especially if the loop index can be user-controlled) because it could lead to DoS if one of the calls reverts or execution runs out of gas. Avoid calls within loops, check that loop index cannot be user-controlled or is bounded. https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/OperatorRegistry.sol#L84-L85 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/OperatorRegistry.sol#L84-L86 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/OperatorRegistry.sol#L114-L117

NatSpec Comments NatSpec stands for “Ethereum Natural Language Specification Format.” These are written with a triple slash (///) or a double asterisk block(/** ... */) directly above function declarations or statements to generate documentation in JSON format for developers and end-users. It is recommended that Solidity contracts are fully annotated using NatSpec for all public interfaces (everything in the ABI). These comments contain different types of tags: https://docs.soliditylang.org/en/v0.8.17/natspec-format.html

@title: A title that should describe the contract/interface

@author: The name of the author (for contract, interface)

@notice: Explain to an end user what this does (for contract, interface, function, public state variable, event)

@dev: Explain to a developer any extra details (for contract, interface, function, state variable, event)

@param: Documents a parameter (just like in doxygen) and must be followed by parameter name (for function, event)

@return: Documents the return variables of a contract’s function (function, public state variable)

@inheritdoc: Copies all missing tags from the base function and must be followed by the contract name (for function, public state variable)

@custom…: Custom tag, semantics is application-defined (for everywhere)

Upgrade Pragma to at Least 0.8.4 Using newer compiler versions and the optimizer give gas optimizations. Also, additional safety checks are available for free.

The advantages here are:

Low level inliner (>= 0.8.2): Cheaper runtime gas (especially relevant when the contract has small functions). Optimizer improvements in packed structs (>= 0.8.3) Custom errors (>= 0.8.4): cheaper deployment cost and runtime cost. Note: the runtime cost is only relevant when the revert condition is met. In short, replace revert strings by custom errors. Consider upgrading pragma to at least 0.8.4: https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/ERC20/ERC20PermitPermissionedMint.sol#L2 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/frxETHMinter.sol#L2 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/OperatorRegistry.sol#L2 https://github.com/corddry/ERC4626/blob/643cd044fac34bcbf64e1c3790a5126fec0dbec1/src/xERC4626.sol#L4

Copying a Full Array From Storage to Memory Isn’t Optimal Here, what’s happening is a full copy of a storage array in memory, and then a second copy of each memory element in a CToken struct:

Validator[] memory original_validators = validators; //@audit this here is a VERY expensive copy of a whole storage array in memory (as many SLOADs as there are elements) // Clear the original validators list delete validators; // Fill the new validators array with all except the value to remove for (uint256 i = 0; i < original_validators.length; ++i) { if (i != remove_idx) { validators.push(original_validators[i]); //@audit here is a copy of a memory value in a memory variable

The code should be optimized that way:

Validator[] storage original_validators = validators; //@audit using storage keyword vs memory https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/OperatorRegistry.sol#L108

Help the Optimizer by Saving a Storage Variable’s Reference Instead of Repeatedly Fetching It To help the optimizer, declare a storage type variable and use it instead of repeatedly fetching the reference in a map or an array.

The effect can be quite significant.

As an example, instead of repeatedly calling “popped”, save its reference like this: Validator storage popped = validators[numVals - 1]; and use it.

https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/OperatorRegistry.sol#L140

Add unchecked {} for subtractions where the operands cannot underflow because of a previous require() or if-statement Solidity version 0.8+ comes with implicit overflow and underflow checks on unsigned integers. When an overflow or an underflow isn’t possible (as an example, when a comparison is made before the arithmetic operation), some gas can be saved by using an unchecked block: https://docs.soliditylang.org/en/v0.8.10/control-structures.html#checked-or-unchecked-arithmetic

I suggest wrapping with an unchecked block here: https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/frxETHMinter.sol#L168 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/frxETHMinter.sol#L168 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/OperatorRegistry.sol#L100 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/OperatorRegistry.sol#L140

Boolean Comparisons Comparing to a constant (true or false) is a bit more expensive than directly checking the returned boolean value. I suggest using require(minters[msg.sender], "Only minters"); instead of require(minters[msg.sender] == true, "Only minters"); here (same for require statements):

https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/ERC20/ERC20PermitPermissionedMint.sol#L46 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/ERC20/ERC20PermitPermissionedMint.sol#L78

It costs more gas to initialize non-constant/non-immutable variables to zero than to let the default of zero be applied Not overwriting the default for stack variables saves 8 gas. Storage and memory variables have larger savings

https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/frxETHMinter.sol#L129 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/OperatorRegistry.sol#L63 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/OperatorRegistry.sol#L84 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/OperatorRegistry.sol#L114 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/ERC20/ERC20PermitPermissionedMint.sol#L84

Using > 0 costs more gas than != 0 when used on a uint in a require() statement This change saves 6 gas https://aws1.discourse-cdn.com/business6/uploads/zeppelin/original/2X/3/363a367d6d68851f27d2679d10706cd16d788b96.png per instance. The optimization works until solidity version 0.8.13 https://gist.github.com/IllIllI000/bf2c3120f24a69e489f12b3213c06c94 where there is a regression in gas costs. https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/frxETHMinter.sol#L126 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/frxETHMinter.sol#L79

Using bools for storage incurs overhead Booleans are more expensive than uint256 or any type that takes up a full word because each write operation emits an extra SLOAD to first read the slot's contents, replace the bits taken up by the boolean, and then write back. This is the compiler's defense against contract upgrades and pointer aliasing, and it cannot be disabled. https://github.com/OpenZeppelin/openzeppelin-contracts/blob/58f635312aa21f947cae5f8578638a85aa2519f5/contracts/security/ReentrancyGuard.sol#L23-L27 Use uint256(1) and uint256(2) for true/false to avoid a Gwarmaccess (100 gas) for the extra SLOAD, and to avoid Gsset (20000 gas) when changing from 'false' to 'true', after having been 'true' in the past https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/ERC20/ERC20PermitPermissionedMint.sol#L20 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/frxETHMinter.sol#L43 https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/frxETHMinter.sol#L49-L50

require()/revert() strings longer than 32 bytes cost extra gas Each extra memory word of bytes past the original 32 incurs an MSTORE: https://gist.github.com/hrkrshnn/ee8fabd532058307229d65dcd5836ddc#consider-having-short-revert-strings which costs 3 gas

There are 1 instances of this issue: https://github.com/code-423n4/2022-09-frax/blob/55ea6b1ef3857a277e2f47d42029bc0f3d6f9173/src/frxETHMinter.sol#L167

Use Custom Errors Rather Than Revert()/require() Strings To Save Deployment Gas Custom errors from Solidity 0.8.4 are cheaper than revert strings (cheaper deployment cost and runtime cost when the revert condition is met)

Source: https://blog.soliditylang.org/2021/04/21/custom-errors/:

Starting from Solidity v0.8.4, there is a convenient and gas-efficient way to explain to users why an operation failed through the use of custom errors. Until now, you could already use strings to give more information about failures (e.g., revert("Insufficient funds.");), but they are rather expensive, especially when it comes to deploy cost, and it is difficult to use dynamic information in them.

Custom errors are defined using the error statement, which can be used inside and outside of contracts (including interfaces and libraries).

I suggest replacing revert strings with custom errors.

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