Platform: Code4rena
Start Date: 05/04/2022
Pot Size: $30,000 USDC
Total HM: 10
Participants: 47
Period: 3 days
Judge: gzeon
Total Solo HM: 4
Id: 106
League: ETH
Rank: 17/47
Findings: 1
Award: $293.89
🌟 Selected for report: 0
🚀 Solo Findings: 0
🌟 Selected for report: cmichel
Also found by: AuditsAreUS, IllIllI, Ruhum, csanuragjain, danb, joshie, t11s, tintin
293.89 USDC - $293.89
https://github.com/code-423n4/2022-04-backed/blob/main/contracts/NFTLoanFacilitator.sol#L129
The lender of a loan can lend an unbounded amount, which the borrower might not be able to pay its interest rate.
Alice wants to borrow 1000 USDC, she creates a loan with a 10% interest rate, and expects to pay 100 USDC after a year. Bob lends her 1 million USDC, after a year, she has to pay back 100,000 which she cannot afford.
Don't allow paying more the expected loan amount.
#0 - wilsoncusack
2022-04-06T19:25:52Z
Is how the protocol is designed to work -- nothing stops the user from paying back early
#1 - gzeoneth
2022-04-15T11:07:50Z
Duplicate of #24