LendeFi Info
The Lendefi DAO consists of several well-structured smart contracts implementing a comprehensive decentralized autonomous organization with governance, treasury management, investment rounds, and token economics. The codebase demonstrates strong security patterns and follows modern Solidity development practices.
Team and KYC Verification
The team has securely submitted their personal information to SolidProof.io for verification.
In the event of any fraudulent activities, this information will be promptly reported to the relevant authorities to ensure accountability and compliance.
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
Real-time threat detection, powered by Cyvers.io,
is currently not
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for this project.
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Security Assessments
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 cannot mint
It is not 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.
Contract is not upgradeable
The contract does not use proxy patterns or other mechanisms to allow future upgrades. Its behavior is locked in its current state.
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 owner can release the vested tokens.
Note - This Audit report consists of a security analysis of the LendeFi smart contract. This analysis did not include functional testing (or unit testing) of the contract’s logic. Moreover, we only audited the mentioned contract for the LendeFi 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
Functions
public
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State variables
public
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Total lines
of code
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Capabilities
Hover on items
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Findings and Audit result
low Issues | 1 findings
Resolved
#1 low Issue
Missing access control.
The release() function lacks an access control modifier, meaning any address can call it. While the tokens are always sent to the owner (beneficiary) and this pattern can be intentional—to allow anyone to trigger the vesting release—this might not be ideal if you intend only the beneficiary (or an authorized party) to initiate the release. Without restricting who can call it, there’s potential for abuse (for instance, causing unnecessary gas usage or unexpected contract interactions), so adding a modifier such as onlyOwner might be warranted if you want to ensure that only the owner can trigger the release.
optimization Issues | 1 findings
Pending
#1 optimization Issue
Public function that could be declared external (external-function)
Use the `external` attribute for functions never called from the contract.
informational Issues | 1 findings
Pending
#1 informational Issue
Regain ownership
The owner can exploit the Ownable2Step mechanism by initiating an ownership transfer to an address they control, then delaying the acceptance stage to mislead observers into thinking control is shifting. When convenient, the controlled address calls the acceptOwnership function, finalizing the transfer and effectively maintaining the owner’s control while giving the appearance of a change in ownership. To mitigate this, Requiring multi-signature approval or community/governance oversight for ownership changes can further ensure that transfers are genuine and not merely a façade for the owner to maintain control.