OrdinalsFi Info

Develop top-notch financial apps for Ethereum and Bitcoin Ordinals using OrdiFi. Immerse yourself in the core of decentralized innovation with OrdiFi, as we enhance the fundamentals of DeFi to provide a range of services that represent the cutting edge of financial technology.

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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.

70.10
Poor Excellent

Real-Time Threat Detection

Real-time threat detection, powered by Cyvers.io, is currently not activated for this project.

This advanced feature provides continuous monitoring and instant alerts to safeguard your assets from potential security threats. Real-time detection enhances your project's security by proactively identifying and mitigating risks. For more information, click here.

TrustNet DataPulse

Security Assessments

Static Analysis Dynamic Analysis Symbolic Execution SWC Check Manual Review
Contract address
0x57CA...fecE
Network
Ethereum - Mainnet
License N/A
Compiler N/A
Type N/A
Language Solidity
Onboard date 2023/12/18
Revision date In progress

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 burn function within the contract.

Ownership is renounced

Contract cannot be manipulated by owner functions.

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:

  1. Specification Review: Analyze the provided specifications, source code, and instructions to fully understand the smart contract's size, scope, and functionality.
  2. Manual Code Examination: Conduct a thorough line-by-line review of the source code to identify potential vulnerabilities and areas for improvement.
  3. Specification Alignment: Ensure that the code accurately implements the provided specifications and intended functionalities.
  4. Test Coverage Assessment: Evaluate the extent and effectiveness of test cases in covering the codebase, identifying any gaps in testing.
  5. Symbolic Execution: Analyze the smart contract to determine how various inputs affect execution paths, identifying potential edge cases and vulnerabilities.
  6. Best Practices Evaluation: Assess the smart contracts against established industry and academic best practices to enhance efficiency, maintainability, and security.
  7. 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.


Note - This Audit report consists of a security analysis of the OrdinalsFi Tokens 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 OrdinalsFi 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

/

State variables
public

/

Total lines
of code

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Capabilities
Hover on items

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Findings and Audit result

medium Issues | 1 findings

Pending

#1 medium Issue
Liquidity is Transferred to an Externally Owned Account
OrdinalsFi.sol
L329
Description

The contract's liquidity is automatically added to the '_taxWallet' address, which is not recommended because, in an extreme scenario, this can be used to drain liquidity from the contract because there is no way for us to verify the ownership of that wallet

low Issues | 2 findings

Pending

#1 low Issue
Local variables shadowing
OrdinalsFi.sol
L219
L234
Description

Rename the local variables that shadow another component.

Pending

#2 low Issue
Missing Events Arithmetic
OrdinalsFi.sol
L353-360
Description

Emit an event for critical parameter changes.

optimization Issues | 2 findings

Pending

#1 optimization Issue
State variables that could be declared constant
OrdinalsFi.sol
L145
L146
L169
L159
L157
L158
L168
Description

Add the `constant` attributes to state variables that never change.

Pending

#2 optimization Issue
Public function that could be declared external
OrdinalsFi.sol
L104-107
L194-196
L198-200
L202-204
L206-208
L214-217
L223-226
L228-232
Description

Use the `external` attribute for functions never called from the contract.

informational Issues | 2 findings

Pending

#1 informational Issue
Unused return values
OrdinalsFi.sol
L319-331
L341-350
L341-350
Description

Ensure that all the return values of the function calls are used.

Pending

#2 informational Issue
Missing Error Messages
OrdinalsFi.sol
L365
Description

It is recommended to display an error message inside a 'require' statement