Omniscia Steer Protocol Audit
Manual Review
Manual Review
A thorough line-by-line review was conducted on the codebase to identify potential malfunctions and vulnerabilities in Steer Protocol's smart rewarder & Algebra Integral integration.
As the project at hand implements a reward distribution model & a liquidity provision system, intricate care was put into ensuring that the flow of funds within the system conforms to the specifications and restrictions laid forth within the protocol's specification and that the Algebra Integral integration has been safely performed.
We validated that all state transitions of the system occur within sane criteria and that all rudimentary formulas within the system execute as expected. We pinpointed a significant flaw within the system's rewarder module which could have had severe ramifications to its overall operation; we strongly advise the Steer Protocol team to closely evaluate and remediate the relevant exhibit.
Additionally, the system was investigated for any other commonly present attack vectors such as re-entrancy attacks, mathematical truncations, logical flaws and ERC / EIP standard inconsistencies. The documentation of the project was satisfactory to the extent it need be.
A total of 22 findings were identified over the course of the manual review of which 10 findings concerned the behaviour and security of the system. The non-security related findings, such as optimizations, are included in the separate Code Style chapter.
The finding table below enumerates all these security / behavioural findings:
| ID | Severity | Addressed | Title |
|---|---|---|---|
| IBL-01M |  |  | Absence of Rounding Towards Negative Infinity |
| IBL-02M | |  | Non-Standard Disable of Initializers |
| IBL-03M |  | | Potentially Insecure Volatility Oracle Integration |
| SRD-01M |  | | Inexistent Preventions of Repetitive Cancellations |
| SRD-02M | |  | Inexistent Validation of Liquidity Pool |
| SRD-03M | | | Inexistent Emission of Event |
| SRD-04M | | | Non-Standard Disable of Initializers |
| SRD-05M |  | | Misleading Function Name |
| SRD-06M | | | Potential Desynchronization of Merkle Root Management |
| SRD-07M |  | | Inexistent Increase of Campaign Credit |