Dephaser Info
DePhaser is a leading DeFi platform allowing users to excahnge USDT for JPYT- a stablecoin pegged 1:1 to the Japanese Yen (¥) using a reliable external oracle. JPYT is fully backed by USDT deposits, ensuring transparency and stability, supported by USDT’s strong reputation.
TrustNet Score
The TrustNet Score evaluates crypto projects based on audit results, security, KYC verification, and social media presence. This score offers a quick, transparent view of a project's credibility, helping users make informed decisions in the Web3 space.
Real-Time Threat Detection
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Summary and Final Words
No crucial issues found
The contract does not contain issues of high or medium criticality. This means that no known vulnerabilities were found in the source code.
Contract owner can mint
It is possible to mint new tokens.
Contract owner cannot blacklist addresses.
It is not possible to lock user funds by blacklisting addresses.
Contract owner cannot set high fees
The fees, if applicable, can be a maximum of 25% or lower. The contract can therefore not be locked. Please take a look in the comment section for more details.
Contract cannot be locked
Owner cannot lock any user funds.
Token cannot be burned
There is no burning within the contract without any allowances
Ownership is not renounced
The owner retains significant control, which could potentially be used to modify key contract parameters.
Scope of Work
This audit encompasses the evaluation of the files listed below, each verified with a SHA-1 Hash. The team referenced above has provided the necessary files for assessment.
The auditing process consists of the following systematic steps:
- Specification Review: Analyze the provided specifications, source code, and instructions to fully understand the smart contract's size, scope, and functionality.
- Manual Code Examination: Conduct a thorough line-by-line review of the source code to identify potential vulnerabilities and areas for improvement.
- Specification Alignment: Ensure that the code accurately implements the provided specifications and intended functionalities.
- Test Coverage Assessment: Evaluate the extent and effectiveness of test cases in covering the codebase, identifying any gaps in testing.
- Symbolic Execution: Analyze the smart contract to determine how various inputs affect execution paths, identifying potential edge cases and vulnerabilities.
- Best Practices Evaluation: Assess the smart contracts against established industry and academic best practices to enhance efficiency, maintainability, and security.
- Actionable Recommendations: Provide detailed, specific, and actionable steps to secure and optimize the smart contracts.
A file with a different Hash has been intentionally or otherwise modified after the security review. A different Hash may indicate a changed condition or potential vulnerability that was not within the scope of this review.
Final Words
The following provides a concise summary of the audit report, accompanied by insightful comments from the auditor. This overview captures the key findings and observations, offering valuable context and clarity.
Ownership Privileges
- The minter can mint an unlimited amount of tokens after the token is initially deployed.
- The burner role can burn his tokens.
- The burner role can burn tokens from other wallets with allowance.
The contract is also deployed to base chain, please find the contract address below:
0xc47da4CB96CE65a96844A01Bfae509F9d5454534
Note - This Audit report consists of a security analysis of the JPYT Token smart contract. This analysis did not include functional testing (or unit testing) of the contract’s logic. Moreover, we only audited one token contract for the Dephaser team. Other contracts associated with the project were not audited by our team. We recommend investors do their own research before investing.
Files and details
Findings and Audit result
medium Issues | 1 findings
Pending
#1 medium Issue
The minter can mint unlimited tokens.
The minter of the contract. Can mint an unlimited amount of tokens after the initial deployment which is not recommended as there must be a fixed supply present in the contract so that the supply of the tokens cannot be manipulated in the contract.