{"componentChunkName":"component---node-modules-rocketseat-gatsby-theme-docs-core-src-templates-docs-query-js","path":"/manual-review/SushiManagementFeeAlm-SMF","result":{"data":{"mdx":{"id":"134038d3-4b54-53e4-acbe-31c5a4b306fa","excerpt":"SMF-01M: Improperly Compounding Management Fee Type Severity Location Mathematical Operations SushiManagementFeeAlm.sol:L162-L174 Description: The management…","fields":{"slug":"/manual-review/SushiManagementFeeAlm-SMF/"},"frontmatter":{"title":"SushiManagementFeeAlm Manual Review Findings","description":"Contains all the findings that relate to manual review on the contract codebase","image":null,"disableTableOfContents":null},"body":"var _excluded = [\"components\"];\n\nfunction _extends() { _extends = Object.assign || function (target) { for (var i = 1; i < arguments.length; i++) { var source = arguments[i]; for (var key in source) { if (Object.prototype.hasOwnProperty.call(source, key)) { target[key] = source[key]; } } } return target; }; return _extends.apply(this, arguments); }\n\nfunction _objectWithoutProperties(source, excluded) { if (source == null) return {}; var target = _objectWithoutPropertiesLoose(source, excluded); var key, i; if (Object.getOwnPropertySymbols) { var sourceSymbolKeys = Object.getOwnPropertySymbols(source); for (i = 0; i < sourceSymbolKeys.length; i++) { key = sourceSymbolKeys[i]; if (excluded.indexOf(key) >= 0) continue; if (!Object.prototype.propertyIsEnumerable.call(source, key)) continue; target[key] = source[key]; } } return target; }\n\nfunction _objectWithoutPropertiesLoose(source, excluded) { if (source == null) return {}; var target = {}; var sourceKeys = Object.keys(source); var key, i; for (i = 0; i < sourceKeys.length; i++) { key = sourceKeys[i]; if (excluded.indexOf(key) >= 0) continue; target[key] = source[key]; } return target; }\n\n/* @jsxRuntime classic */\n\n/* @jsx mdx */\nvar _frontmatter = {\n  \"title\": \"SushiManagementFeeAlm Manual Review Findings\",\n  \"description\": 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parentName: \"table\"\n  }, mdx(\"tr\", {\n    parentName: \"tbody\"\n  }, mdx(\"td\", {\n    parentName: \"tr\",\n    \"align\": null\n  }, mdx(\"a\", {\n    parentName: \"td\",\n    \"href\": \"/reports/steer-protocol-sushiswap-fee-management-alm-6904e967a7edab0015a1855c/appendix/finding-types#mathematical-operations\"\n  }, \"Mathematical Operations\")), mdx(\"td\", {\n    parentName: \"tr\",\n    \"align\": null\n  }, mdx(\"img\", {\n    parentName: \"td\",\n    \"className\": \"o-severity o-minor\",\n    \"src\": \"https://omniscia.io/report-assets/minor.png\"\n  })), mdx(\"td\", {\n    parentName: \"tr\",\n    \"align\": null\n  }, mdx(\"a\", {\n    parentName: \"td\",\n    \"href\": \"https://github.com/SteerProtocol/core-v2/blob/ce9378dc65711c2519e5e57275288fa85b1a67b8/src/SushiManagementFeeAlm.sol#L162-L174\"\n  }, \"SushiManagementFeeAlm.sol:L162-L174\"))))), mdx(\"h3\", {\n    \"id\": \"description\",\n    \"style\": {\n      \"position\": \"relative\"\n    }\n  }, mdx(\"a\", {\n    parentName: \"h3\",\n    \"href\": \"#description\",\n    \"aria-label\": \"description permalink\",\n    \"className\": \"anchor before\"\n  }, mdx(\"svg\", {\n    parentName: \"a\",\n    \"aria-hidden\": \"true\",\n    \"focusable\": \"false\",\n    \"height\": \"16\",\n    \"version\": \"1.1\",\n    \"viewBox\": \"0 0 16 16\",\n    \"width\": \"16\"\n  }, mdx(\"path\", {\n    parentName: \"svg\",\n    \"fillRule\": \"evenodd\",\n    \"d\": \"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"\n  }))), \"Description:\"), mdx(\"p\", null, \"The management fee that is accrued through the \", mdx(\"a\", {\n    parentName: \"p\",\n    \"href\": \"https://github.com/SteerProtocol/core-v2/blob/ce9378dc65711c2519e5e57275288fa85b1a67b8/src/SushiManagementFeeAlm.sol#L162-L174\"\n  }, mdx(\"inlineCode\", {\n    parentName: \"a\"\n  }, \"SushiManagementFeeAlm::_accrueManagementFee\")), \" function will automatically compound as the fee is proportionate to the total shares in the system and a single accrual operation will result in new shares being minted to the management fee recipient.\"), mdx(\"p\", null, \"This infers that the higher the frequency at which fee accruals occur, the higher the net fee that the management recipient will capture.\"), mdx(\"h3\", {\n    \"id\": \"impact\",\n    \"style\": {\n      \"position\": \"relative\"\n    }\n  }, mdx(\"a\", {\n    parentName: \"h3\",\n    \"href\": \"#impact\",\n    \"aria-label\": \"impact permalink\",\n    \"className\": \"anchor before\"\n  }, mdx(\"svg\", {\n    parentName: \"a\",\n    \"aria-hidden\": \"true\",\n    \"focusable\": \"false\",\n    \"height\": \"16\",\n    \"version\": \"1.1\",\n    \"viewBox\": \"0 0 16 16\",\n    \"width\": \"16\"\n  }, mdx(\"path\", {\n    parentName: \"svg\",\n    \"fillRule\": \"evenodd\",\n    \"d\": \"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"\n  }))), \"Impact:\"), mdx(\"p\", null, \"We consider the current fee accrual mechanism to be slightly unfair due to generating fees on the management fee recipient's own position.\"), mdx(\"h3\", {\n    \"id\": \"example\",\n    \"style\": {\n      \"position\": \"relative\"\n    }\n  }, mdx(\"a\", {\n    parentName: \"h3\",\n    \"href\": \"#example\",\n    \"aria-label\": \"example permalink\",\n    \"className\": \"anchor before\"\n  }, mdx(\"svg\", {\n    parentName: \"a\",\n    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_computePendingManagementFee(\\n    uint256 currentTimestamp\\n) internal view returns (uint256) {\\n    uint256 feeBps = managementFeeBps;\\n    if (feeBps == 0) {\\n        return 0;\\n    }\\n\\n    uint256 lastAccrual = lastFeeAccrual;\\n    if (currentTimestamp <= lastAccrual) {\\n        return 0;\\n    }\\n\\n    uint256 supply = totalSupply();\\n    if (supply == 0) {\\n        return 0;\\n    }\\n\\n    uint256 elapsed = currentTimestamp.sub(lastAccrual);\\n    uint256 base = FullMath.mulDiv(supply, feeBps, DIVISOR);\\n    return FullMath.mulDiv(base, elapsed, YEAR);\\n}\\n\")), mdx(\"h3\", {\n    \"id\": \"recommendation\",\n    \"style\": {\n      \"position\": \"relative\"\n    }\n  }, mdx(\"a\", {\n    parentName: \"h3\",\n    \"href\": \"#recommendation\",\n    \"aria-label\": \"recommendation permalink\",\n    \"className\": \"anchor before\"\n  }, mdx(\"svg\", {\n    parentName: \"a\",\n    \"aria-hidden\": \"true\",\n    \"focusable\": \"false\",\n    \"height\": \"16\",\n    \"version\": \"1.1\",\n    \"viewBox\": \"0 0 16 16\",\n    \"width\": \"16\"\n  }, mdx(\"path\", {\n    parentName: \"svg\",\n    \"fillRule\": \"evenodd\",\n    \"d\": \"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"\n  }))), \"Recommendation:\"), mdx(\"p\", null, \"We advise the Steer Protocol team to evaluate this trait and potentially exclude the management fee recipient's balance from accruing a fee itself as it is unfair and erroneously dilutes existing shareholders even further.\"), mdx(\"h3\", {\n    \"id\": \"alleviation\",\n    \"style\": {\n      \"position\": \"relative\"\n    }\n  }, mdx(\"a\", {\n    parentName: \"h3\",\n    \"href\": \"#alleviation\",\n    \"aria-label\": \"alleviation permalink\",\n    \"className\": \"anchor before\"\n  }, mdx(\"svg\", {\n    parentName: \"a\",\n    \"aria-hidden\": \"true\",\n    \"focusable\": \"false\",\n    \"height\": \"16\",\n    \"version\": \"1.1\",\n    \"viewBox\": \"0 0 16 16\",\n    \"width\": \"16\"\n  }, mdx(\"path\", {\n    parentName: \"svg\",\n    \"fillRule\": \"evenodd\",\n    \"d\": \"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"\n  }))), \"Alleviation:\"), mdx(\"p\", null, \"The Steer Protocol team evaluated this exhibit and clarified that they consider it an acceptable shortfall of the current design as they intend to frequently burn their shares so as to avoid compounding and thus mitigating the issue's effect to a great degree.\"), mdx(\"p\", null, \"As the Steer Protocol team aims to consistently claim their shares and will adequately inform users of this behaviour, we consider this exhibit to be acknowledged safely.\"), mdx(\"h2\", {\n    \"id\": \"span-idsmf-02msmf-02m-inexistent-distinction-of-vault-deploymentsspan\",\n    \"style\": {\n      \"position\": \"relative\"\n    }\n  }, mdx(\"a\", {\n    parentName: \"h2\",\n    \"href\": \"#span-idsmf-02msmf-02m-inexistent-distinction-of-vault-deploymentsspan\",\n    \"aria-label\": \"span idsmf 02msmf 02m inexistent distinction of vault deploymentsspan permalink\",\n    \"className\": \"anchor before\"\n  }, mdx(\"svg\", {\n    parentName: \"a\",\n    \"aria-hidden\": \"true\",\n    \"focusable\": \"false\",\n    \"height\": \"16\",\n    \"version\": \"1.1\",\n    \"viewBox\": \"0 0 16 16\",\n    \"width\": \"16\"\n  }, mdx(\"path\", {\n    parentName: \"svg\",\n    \"fillRule\": \"evenodd\",\n    \"d\": \"M4 9h1v1H4c-1.5 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\"href\": \"/reports/steer-protocol-sushiswap-fee-management-alm-6904e967a7edab0015a1855c/appendix/finding-types#standard-conformity\"\n  }, \"Standard Conformity\")), mdx(\"td\", {\n    parentName: \"tr\",\n    \"align\": null\n  }, mdx(\"img\", {\n    parentName: \"td\",\n    \"className\": \"o-severity o-minor\",\n    \"src\": \"https://omniscia.io/report-assets/minor.png\"\n  })), mdx(\"td\", {\n    parentName: \"tr\",\n    \"align\": null\n  }, mdx(\"a\", {\n    parentName: \"td\",\n    \"href\": \"https://github.com/SteerProtocol/core-v2/blob/ce9378dc65711c2519e5e57275288fa85b1a67b8/src/SushiManagementFeeAlm.sol#L84\"\n  }, \"SushiManagementFeeAlm.sol:L84\"))))), mdx(\"h3\", {\n    \"id\": \"description-1\",\n    \"style\": {\n      \"position\": \"relative\"\n    }\n  }, mdx(\"a\", {\n    parentName: \"h3\",\n    \"href\": \"#description-1\",\n    \"aria-label\": \"description 1 permalink\",\n    \"className\": \"anchor before\"\n  }, mdx(\"svg\", {\n    parentName: \"a\",\n    \"aria-hidden\": \"true\",\n    \"focusable\": \"false\",\n    \"height\": \"16\",\n    \"version\": \"1.1\",\n    \"viewBox\": \"0 0 16 16\",\n    \"width\": \"16\"\n  }, mdx(\"path\", {\n    parentName: \"svg\",\n    \"fillRule\": \"evenodd\",\n    \"d\": \"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"\n  }))), \"Description:\"), mdx(\"p\", null, \"All \", mdx(\"inlineCode\", {\n    parentName: \"p\"\n  }, \"SushiManagementFeeAlm\"), \" deployments will retain the same \", mdx(\"a\", {\n    parentName: \"p\",\n    \"href\": \"https://eips.ethereum.org/EIPS/eip-20\"\n  }, \"EIP-20\"), \" name and symbol which we consider incorrect.\"), mdx(\"h3\", {\n    \"id\": \"impact-1\",\n    \"style\": {\n      \"position\": \"relative\"\n    }\n  }, mdx(\"a\", {\n    parentName: \"h3\",\n    \"href\": \"#impact-1\",\n    \"aria-label\": \"impact 1 permalink\",\n    \"className\": \"anchor before\"\n  }, mdx(\"svg\", {\n    parentName: \"a\",\n    \"aria-hidden\": \"true\",\n    \"focusable\": \"false\",\n    \"height\": \"16\",\n    \"version\": \"1.1\",\n    \"viewBox\": \"0 0 16 16\",\n    \"width\": \"16\"\n  }, mdx(\"path\", {\n    parentName: \"svg\",\n    \"fillRule\": \"evenodd\",\n    \"d\": \"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"\n  }))), \"Impact:\"), mdx(\"p\", null, \"Although the Steer Protocol team appears to have consciously removed name distinction to save on bytecode size, we advise it to be reinstated and other means of reducing bytecode size to be utilized such as \", mdx(\"inlineCode\", {\n    parentName: \"p\"\n  }, \"delegatecall\"), \" libraries.\"), mdx(\"h3\", {\n    \"id\": \"example-1\",\n    \"style\": {\n      \"position\": \"relative\"\n    }\n  }, mdx(\"a\", {\n    parentName: \"h3\",\n    \"href\": \"#example-1\",\n    \"aria-label\": \"example 1 permalink\",\n    \"className\": \"anchor before\"\n  }, mdx(\"svg\", {\n    parentName: \"a\",\n    \"aria-hidden\": \"true\",\n    \"focusable\": \"false\",\n    \"height\": \"16\",\n    \"version\": \"1.1\",\n    \"viewBox\": \"0 0 16 16\",\n    \"width\": \"16\"\n  }, mdx(\"path\", {\n    parentName: \"svg\",\n    \"fillRule\": \"evenodd\",\n    \"d\": \"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"\n  }))), \"Example:\"), mdx(\"pre\", null, mdx(\"code\", {\n    parentName: \"pre\",\n    \"className\": \"language-sol\",\n    \"metastring\": \"title=src/SushiManagementFeeAlm.sol highlight={2} lineNumbers=true lineOffset=82\",\n    \"title\": \"src/SushiManagementFeeAlm.sol\",\n    \"highlight\": \"{2}\",\n    \"lineNumbers\": \"true\",\n    \"lineOffset\": \"82\"\n  }, \"// Minimal token name/symbol to reduce bytecode size\\n__ERC20_init(\\\"STEER_UV3\\\", \\\"SUV3\\\");\\n\")), mdx(\"h3\", {\n    \"id\": \"recommendation-1\",\n    \"style\": {\n      \"position\": \"relative\"\n    }\n  }, mdx(\"a\", {\n    parentName: \"h3\",\n    \"href\": \"#recommendation-1\",\n    \"aria-label\": \"recommendation 1 permalink\",\n    \"className\": \"anchor before\"\n  }, mdx(\"svg\", {\n    parentName: \"a\",\n    \"aria-hidden\": \"true\",\n    \"focusable\": \"false\",\n    \"height\": \"16\",\n    \"version\": \"1.1\",\n    \"viewBox\": \"0 0 16 16\",\n    \"width\": \"16\"\n  }, mdx(\"path\", {\n    parentName: \"svg\",\n    \"fillRule\": \"evenodd\",\n    \"d\": \"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"\n  }))), \"Recommendation:\"), mdx(\"p\", null, \"We advise a distinct name and symbol to be used per address, preventing an account holding units of multiple \", mdx(\"inlineCode\", {\n    parentName: \"p\"\n  }, \"SushiManagementFeeAlm\"), \" contracts from being confused.\"), mdx(\"h3\", {\n    \"id\": \"alleviation-1\",\n    \"style\": {\n      \"position\": \"relative\"\n    }\n  }, mdx(\"a\", {\n    parentName: \"h3\",\n    \"href\": \"#alleviation-1\",\n    \"aria-label\": \"alleviation 1 permalink\",\n    \"className\": \"anchor before\"\n  }, mdx(\"svg\", {\n    parentName: \"a\",\n    \"aria-hidden\": \"true\",\n    \"focusable\": \"false\",\n    \"height\": \"16\",\n    \"version\": \"1.1\",\n    \"viewBox\": \"0 0 16 16\",\n    \"width\": \"16\"\n  }, mdx(\"path\", {\n    parentName: \"svg\",\n    \"fillRule\": \"evenodd\",\n    \"d\": \"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"\n  }))), \"Alleviation:\"), mdx(\"p\", null, \"The name utilized for the \", mdx(\"a\", {\n    parentName: \"p\",\n    \"href\": \"https://eips.ethereum.org/EIPS/eip-20\"\n  }, \"EIP-20\"), \" asset initialization has been updated to be unique per deployment, addressing this exhibit.\"), mdx(ViewDiffButton, {\n    repoUrl: \"https://github.com/SteerProtocol/core-v2\",\n    mainHash: \"ce9378dc65711c2519e5e57275288fa85b1a67b8\",\n    fixHash: \"d854fbcc5b0608b956a1b0117a4087ad32d510a3\",\n    gitHubIssue: \"0\",\n    mdxType: \"ViewDiffButton\"\n  }), mdx(\"h2\", {\n    \"id\": \"span-idsmf-03msmf-03m-bypass-of-management-feespan\",\n    \"style\": {\n      \"position\": \"relative\"\n    }\n  }, mdx(\"a\", {\n    parentName: \"h2\",\n    \"href\": \"#span-idsmf-03msmf-03m-bypass-of-management-feespan\",\n    \"aria-label\": \"span idsmf 03msmf 03m bypass of management feespan permalink\",\n    \"className\": \"anchor before\"\n  }, mdx(\"svg\", {\n    parentName: \"a\",\n    \"aria-hidden\": \"true\",\n    \"focusable\": \"false\",\n    \"height\": \"16\",\n    \"version\": \"1.1\",\n    \"viewBox\": \"0 0 16 16\",\n    \"width\": \"16\"\n  }, mdx(\"path\", {\n    parentName: \"svg\",\n    \"fillRule\": \"evenodd\",\n    \"d\": \"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"\n  }))), mdx(\"span\", {\n    id: \"SMF-03M\"\n  }, \"SMF-03M: Bypass of Management Fee\")), mdx(\"table\", null, mdx(\"thead\", {\n    parentName: \"table\"\n  }, mdx(\"tr\", {\n    parentName: \"thead\"\n  }, mdx(\"th\", {\n    parentName: \"tr\",\n    \"align\": null\n  }, \"Type\"), mdx(\"th\", {\n    parentName: \"tr\",\n    \"align\": null\n  }, \"Severity\"), mdx(\"th\", {\n    parentName: \"tr\",\n    \"align\": null\n  }, \"Location\"))), mdx(\"tbody\", {\n    parentName: \"table\"\n  }, mdx(\"tr\", {\n    parentName: \"tbody\"\n  }, mdx(\"td\", {\n    parentName: \"tr\",\n    \"align\": null\n  }, mdx(\"a\", {\n    parentName: \"td\",\n    \"href\": \"/reports/steer-protocol-sushiswap-fee-management-alm-6904e967a7edab0015a1855c/appendix/finding-types#logical-fault\"\n  }, \"Logical Fault\")), mdx(\"td\", {\n    parentName: \"tr\",\n    \"align\": null\n  }, mdx(\"img\", {\n    parentName: \"td\",\n    \"className\": \"o-severity o-medium\",\n    \"src\": \"https://omniscia.io/report-assets/medium.png\"\n  })), mdx(\"td\", {\n    parentName: \"tr\",\n    \"align\": null\n  }, mdx(\"a\", {\n    parentName: \"td\",\n    \"href\": \"https://github.com/SteerProtocol/core-v2/blob/ce9378dc65711c2519e5e57275288fa85b1a67b8/src/SushiManagementFeeAlm.sol#L210-L218\"\n  }, \"SushiManagementFeeAlm.sol:L210-L218\"))))), mdx(\"h3\", {\n    \"id\": \"description-2\",\n    \"style\": {\n      \"position\": \"relative\"\n    }\n  }, mdx(\"a\", {\n    parentName: \"h3\",\n    \"href\": \"#description-2\",\n    \"aria-label\": \"description 2 permalink\",\n    \"className\": \"anchor before\"\n  }, mdx(\"svg\", {\n    parentName: \"a\",\n    \"aria-hidden\": \"true\",\n    \"focusable\": \"false\",\n    \"height\": \"16\",\n    \"version\": \"1.1\",\n    \"viewBox\": \"0 0 16 16\",\n    \"width\": \"16\"\n  }, mdx(\"path\", {\n    parentName: \"svg\",\n    \"fillRule\": \"evenodd\",\n    \"d\": \"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"\n  }))), \"Description:\"), mdx(\"p\", null, \"The \", mdx(\"inlineCode\", {\n    parentName: \"p\"\n  }, \"SushiBaseLiquidityManager::withdraw\"), \" function will snapshot the total supply to use for withdrawal calculations prior to the burn operation. This means that the \", mdx(\"a\", {\n    parentName: \"p\",\n    \"href\": \"https://github.com/SteerProtocol/core-v2/blob/ce9378dc65711c2519e5e57275288fa85b1a67b8/src/SushiManagementFeeAlm.sol#L162-L174\"\n  }, mdx(\"inlineCode\", {\n    parentName: \"a\"\n  }, \"SushiManagementFeeAlm::_accrueManagementFee\")), \" function will be invoked \", mdx(\"em\", {\n    parentName: \"p\"\n  }, \"after\"), \" this measurement, permitting the withdrawal to be unaffected by the management fee dilution.\"), mdx(\"p\", null, \"In turn, this permits users to bypass management fees entirely through withdrawals and permits users who wish to increase their deposit to withdraw and then re-deposit to avoid the management fee.\"), mdx(\"h3\", {\n    \"id\": \"impact-2\",\n    \"style\": {\n      \"position\": \"relative\"\n    }\n  }, mdx(\"a\", {\n    parentName: \"h3\",\n    \"href\": \"#impact-2\",\n    \"aria-label\": \"impact 2 permalink\",\n    \"className\": \"anchor before\"\n  }, mdx(\"svg\", {\n    parentName: \"a\",\n    \"aria-hidden\": \"true\",\n    \"focusable\": \"false\",\n    \"height\": \"16\",\n    \"version\": \"1.1\",\n    \"viewBox\": \"0 0 16 16\",\n    \"width\": \"16\"\n  }, mdx(\"path\", {\n    parentName: \"svg\",\n    \"fillRule\": \"evenodd\",\n    \"d\": \"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"\n  }))), \"Impact:\"), mdx(\"p\", null, \"Management fees can be bypassed via withdrawals as they are not reflected in the withdrawal function's execution.\"), mdx(\"h3\", {\n    \"id\": \"example-2\",\n    \"style\": {\n      \"position\": \"relative\"\n    }\n  }, mdx(\"a\", {\n    parentName: \"h3\",\n    \"href\": \"#example-2\",\n    \"aria-label\": \"example 2 permalink\",\n    \"className\": \"anchor before\"\n  }, mdx(\"svg\", {\n    parentName: \"a\",\n    \"aria-hidden\": \"true\",\n    \"focusable\": \"false\",\n    \"height\": \"16\",\n    \"version\": \"1.1\",\n    \"viewBox\": \"0 0 16 16\",\n    \"width\": \"16\"\n  }, mdx(\"path\", {\n    parentName: \"svg\",\n    \"fillRule\": \"evenodd\",\n    \"d\": \"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"\n  }))), \"Example:\"), mdx(\"pre\", null, mdx(\"code\", {\n    parentName: \"pre\",\n    \"className\": \"language-sol\",\n    \"metastring\": \"title=src/SushiManagementFeeAlm.sol highlight={14} lineNumbers=true lineOffset=198\",\n    \"title\": \"src/SushiManagementFeeAlm.sol\",\n    \"highlight\": \"{14}\",\n    \"lineNumbers\": \"true\",\n    \"lineOffset\": \"198\"\n  }, \"function _beforeTokenTransfer(\\n    address from,\\n    address to,\\n    uint256 amount\\n) internal virtual override {\\n    super._beforeTokenTransfer(from, to, amount);\\n\\n    if (amount == 0) {\\n        return;\\n    }\\n\\n    // Burn (withdraw): accrue management fee and restrict sender\\n    if (to == address(0)) {\\n        _accrueManagementFee();\\n        require(\\n            from == singleDepositor || from == managementFeeRecipient,\\n            \\\"NA\\\"\\n        );\\n        return;\\n    }\\n\\n    // Mint (deposit or fee mint): restrict recipient\\n    if (from == address(0)) {\\n        require(\\n            to == singleDepositor || to == managementFeeRecipient,\\n            \\\"IR\\\"\\n        );\\n        return;\\n    }\\n\\n    // Regular transfer: only allowed between depositor and fee recipient\\n    require(\\n        (from == singleDepositor || from == managementFeeRecipient) &&\\n            (to == singleDepositor || to == managementFeeRecipient),\\n        \\\"TR\\\"\\n    );\\n}\\n\")), mdx(\"h3\", {\n    \"id\": \"recommendation-2\",\n    \"style\": {\n      \"position\": \"relative\"\n    }\n  }, mdx(\"a\", {\n    parentName: \"h3\",\n    \"href\": \"#recommendation-2\",\n    \"aria-label\": \"recommendation 2 permalink\",\n    \"className\": \"anchor before\"\n  }, mdx(\"svg\", {\n    parentName: \"a\",\n    \"aria-hidden\": \"true\",\n    \"focusable\": \"false\",\n    \"height\": \"16\",\n    \"version\": \"1.1\",\n    \"viewBox\": \"0 0 16 16\",\n    \"width\": \"16\"\n  }, mdx(\"path\", {\n    parentName: \"svg\",\n    \"fillRule\": \"evenodd\",\n    \"d\": \"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"\n  }))), \"Recommendation:\"), mdx(\"p\", null, \"We advise the code to accrue the management fee before the withdraw function is executed similarly to the \", mdx(\"a\", {\n    parentName: \"p\",\n    \"href\": \"https://github.com/SteerProtocol/core-v2/blob/ce9378dc65711c2519e5e57275288fa85b1a67b8/src/SushiManagementFeeAlm.sol#L106-L130\"\n  }, mdx(\"inlineCode\", {\n    parentName: \"a\"\n  }, \"SushiManagementFeeAlm::deposit\")), \" override.\"), mdx(\"h3\", {\n    \"id\": \"alleviation-2\",\n    \"style\": {\n      \"position\": \"relative\"\n    }\n  }, mdx(\"a\", {\n    parentName: \"h3\",\n    \"href\": \"#alleviation-2\",\n    \"aria-label\": \"alleviation 2 permalink\",\n    \"className\": \"anchor before\"\n  }, mdx(\"svg\", {\n    parentName: \"a\",\n    \"aria-hidden\": \"true\",\n    \"focusable\": \"false\",\n    \"height\": \"16\",\n    \"version\": \"1.1\",\n    \"viewBox\": \"0 0 16 16\",\n    \"width\": \"16\"\n  }, mdx(\"path\", {\n    parentName: \"svg\",\n    \"fillRule\": \"evenodd\",\n    \"d\": \"M4 9h1v1H4c-1.5 0-3-1.69-3-3.5S2.55 3 4 3h4c1.45 0 3 1.69 3 3.5 0 1.41-.91 2.72-2 3.25V8.59c.58-.45 1-1.27 1-2.09C10 5.22 8.98 4 8 4H4c-.98 0-2 1.22-2 2.5S3 9 4 9zm9-3h-1v1h1c1 0 2 1.22 2 2.5S13.98 12 13 12H9c-.98 0-2-1.22-2-2.5 0-.83.42-1.64 1-2.09V6.25c-1.09.53-2 1.84-2 3.25C6 11.31 7.55 13 9 13h4c1.45 0 3-1.69 3-3.5S14.5 6 13 6z\"\n  }))), \"Alleviation:\"), mdx(\"p\", null, \"The code was updated to properly \", mdx(\"inlineCode\", {\n    parentName: \"p\"\n  }, \"override\"), \" the parent \", mdx(\"inlineCode\", {\n    parentName: \"p\"\n  }, \"SushiBaseLiquidityManager::withdraw\"), \" function implementation ensuring that the total supply utilized for performing the withdrawal is indeed the one after fees have been captured.\"), mdx(ViewDiffButton, {\n    repoUrl: \"https://github.com/SteerProtocol/core-v2\",\n    mainHash: \"ce9378dc65711c2519e5e57275288fa85b1a67b8\",\n    fixHash: \"d854fbcc5b0608b956a1b0117a4087ad32d510a3\",\n    gitHubIssue: \"0\",\n    mdxType: \"ViewDiffButton\"\n  }));\n}\n;\nMDXContent.isMDXComponent = true;","headings":[{"depth":2,"value":"<span id=\"SMF-01M\">SMF-01M: Improperly Compounding Management Fee</span>"},{"depth":3,"value":"Description:"},{"depth":3,"value":"Impact:"},{"depth":3,"value":"Example:"},{"depth":3,"value":"Recommendation:"},{"depth":3,"value":"Alleviation:"},{"depth":2,"value":"<span id=\"SMF-02M\">SMF-02M: Inexistent Distinction of Vault Deployments</span>"},{"depth":3,"value":"Description:"},{"depth":3,"value":"Impact:"},{"depth":3,"value":"Example:"},{"depth":3,"value":"Recommendation:"},{"depth":3,"value":"Alleviation:"},{"depth":2,"value":"<span id=\"SMF-03M\">SMF-03M: Bypass of Management Fee</span>"},{"depth":3,"value":"Description:"},{"depth":3,"value":"Impact:"},{"depth":3,"value":"Example:"},{"depth":3,"value":"Recommendation:"},{"depth":3,"value":"Alleviation:"}]}},"pageContext":{"slug":"/manual-review/SushiManagementFeeAlm-SMF/","prev":{"label":"SushiManagementFeeAlm.sol (SMF-S)","link":"/static-analysis/SushiManagementFeeAlm-SMF"},"next":{"label":"SushiManagementFeeAlm.sol (SMF-C)","link":"/code-style/SushiManagementFeeAlm-SMF"}}},"staticQueryHashes":["1954253342","2328931024","2501019404","973074209"]}