Omniscia Steer Protocol Audit

Algebra Strategies Security Audit

Audit Report Revisions

Commit HashDateAudit Report Hash
703ff44cb4September 19th 20238f86b36373
0c3f85c7c1October 12th 2023fa913f95e1
0c3f85c7c1October 12th 2023c4563b062e
b1b5eabd4dOctober 16th 20230396c8cd8e
b1b5eabd4dOctober 23rd 20236e0c2287d6

Audit Overview

We were tasked with performing an audit of the Steer Protocol and in detail their Algebra V1.0 and V1.9 integrating strategies.

Over the course of the audit, we identified a significant flaw in the V1.9 integration point relating to an outdated interface as well as potentially insecure TWAP periods in the strategies.

We advise the Steer Protocol team to closely evaluate all minor-and-above findings identified in the report and promptly remediate them as well as consider all optimizational exhibits identified in the report.

Post-Audit Conclusion

The Steer Protocol team iterated through all findings within the report and provided us with a revised commit hash to evaluate all exhibits on.

We evaluated all alleviations performed by Steer Protocol and have identified that certain exhibits have not been adequately dealt with. We advise the Steer Protocol team to revisit the following exhibits: ABL-04M, QSM-02M, QSB-03M, ASP-01C, AMP-05C, ABL-05C, QSM-04C, QSS-01C, QSB-04C

Post-Audit Conclusion (b1b5eabd4d)

The Steer Protocol team alleviated all remaining exhibits per our recommendation except for ABL-05C and QSB-04C which we consider safely acknowledged based on the rationale within each exhibit.

We consider all outputs of the audit report properly consumed by the Steer Protocol team and no exhibit remains unaddressed.

Audit Synopsis

SeverityIdentifiedAlleviatedPartially AlleviatedAcknowledged
0000
292306
8800
101000
1100

During the audit, we filtered and validated a total of 6 findings utilizing static analysis tools as well as identified a total of 42 findings during the manual review of the codebase. We strongly recommend that any minor severity or higher findings are dealt with promptly prior to the project's launch as they can introduce potential misbehaviours of the system as well as exploits.

Total Alleviations

The list below covers each segment of the audit in depth and links to the respective chapter of the report: