NovaRWA Info
NovaRWA is a next-generation infrastructure for Real World Assets (RWA), designed to bridge traditional finance and decentralized finance through tokenization, transparent governance, and sustainable yield mechanisms. Our mission is to democratize access to high-quality assets—making them available not only to institutions but also to global retail participants.
TrustNet Score
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Real-Time Threat Detection
Real-time threat detection, powered by Cyvers.io,
is currently not
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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 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 enable the trading flow by switching 'flowActive' to false.
- The owner can withdraw the funds from the contract.
- The owner can activate a new node for participation.
- The owner can deactivate the existing node.
Note - This Audit report consists of a security analysis of the NovaRWA 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 NovaRWA 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
medium Issues | 1 findings
Resolved
#1 medium Issue
Centralization Risk via Unrestricted release Function
The contract contains a critical centralization vulnerability within the release function, which grants the owner unrestricted authority to withdraw all user-deposited ETH and any ERC20 tokens from the contract at will. This creates a significant "rug pull" risk and a single point of failure, undermining the security of the protocol.
low Issues | 1 findings
Pending
#1 low Issue
Missing events arithmetic
It is recommended to emit all the critical paramater changes.
informational Issues | 2 findings
Pending
#1 informational Issue
Incompatibility with Fee-on-Transfer or Non-Standard Tokens
The release function utilizes a standard IERC20.transfer() call to move tokens out of the contract. This implementation is not robust enough to handle certain types of ERC20 tokens, specifically fee-on-transfer tokens or older, non-compliant tokens (like USDT) that do not return a boolean value upon success. If the owner attempts to use the release function on such a non-standard token, the transaction will revert because of the require(ok, ...) check.
Pending
#2 informational Issue
Missing zero or dead address check
It is recommended to check that the address cannot be set to zero or dead address.