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Merge pull request #175 from Popcorn-Limited/audit/24-03
paladin audit improvements
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# Audit | ||
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## General | ||
Besides test fixes we refactored the strategy contracts significantly. | ||
What was previously Adapters is now called strategies. | ||
The delegatecalls to external strategies are removed. All logic is now in the strategy contract itself. | ||
The `harvest`-function is now permissioned. We added a keeper role. `harvest` can be called by `keeper` or `owner`. Aura, Balancer use shared inherited contracts stored in `./src/peripheral` same with Curve and Convex contracts. | ||
Fees are moved from the strategies to the MultiStrategyVault. | ||
Additionally strategies can now have a toggle `autoDeposit`. This changes if users deposit directly into the underlying protocol of a strategy or simply send the funds into the strategy itself. | ||
Two new functions have been added `pushFunds` and `pullFunds` these allow the `owner` to deposit or withdraw funds from the underlying protocol. These functions can be used in conjunction with `autoDeposit` to control slippage that users may suffer better. Both functions allow the `owner` to send arbitrary data to the call which can be used for slippage protection or other safety features. | ||
We also removed the Gearbox Strategies from the audit since they still need more work and additionally dont provide anything useful after the recent GearboxV3 leverage feature. | ||
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## Ignored Issues | ||
### Issue 1 - Governance Privileges | ||
We will ignore this issue since its an issue of setup and configuration. Now with more permissioned functions in strategies this becomes a bigger issue and must be taken care of in the contract setup. | ||
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### Issue 4 - The implementation of the proxies can be initialized | ||
Its not entirely clear yet if we will simply construct and init strategies or create factories so we will add `_disableInitializers()` if it becomes necessary | ||
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### Issue 10 - Missing parameters in the NewStrategiesProposed event | ||
We will keep these events simple. The proposed strategies can be read when reading the contract state. | ||
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### Issue 13 - _protocolWithdraw should be called after _burn | ||
While the issue might be correct if the underlying protocol is attackable via reentrancy we need to call `_protocolWithdraw` before `_burn` so we can use `totalSupply` and asset or share conversions in `_protocolWithdraw` without any issues. | ||
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## Improvement Explanations | ||
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### wstETH Looper contract | ||
Other than the fixing the issues reported in the audit, different improvements have been added to the contract logic, especially in the `_protocolWithdraw` flow, where few edge cases would fail. For example: | ||
- Withdrawing `totalAssets - 1`: the `debtToRepay` was underestimated and so the tx would have reverted since not enough debt was repaid before withdrawing in order to keep the CDP collateralised. | ||
We decided to refactor the `debtToRepay` amount by using the `ratio` of collateral being withdrawn with respect to the total (minus debt and slippage), applying the same ratio to the debt calculation. | ||
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- Withdrawing `totalAssets` would revert with `ERC4626ExceededMaxWithdraw` error for 1 Wei. Probably being a rounding mismatch between our contract and OZ base ones, `totalAssets` was patched by returning 1 wei less than the calculated amount (when that is greater than 0). | ||
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- `_swapToWETH_` function, called in order to repay the flashLoan, where part of the pulled `wstETH` collateral is swapped to `WETH`. Since the flash loan would fail if the received `WETH` amount is lower than the repayment amount, we need to apply a buffer that would account for eventual slippage. | ||
That naturally would lead to having some extra `ETH` floating in the contract after the swap, which is restaked into `wstETH` in order to have the sufficient amount the user is withdrawing. | ||
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Apart from that, we added measures to make sure eventual dust balance in the contract is accounted for and used at the first useful interaction, in particular: | ||
- `wstETH` floating balance held by the strategy: immediately deposited and added as collateral in the `_redepositAsset` function, triggered when the `adjustLeverage` is called. | ||
- `ETH` floating balance: taken into account before taking a flashLoan to increase the leverage, is similarly deposited as collateral. |
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script/deploy/gearbox/leverageFarm/GearboxLeverageAave.s.sol
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script/deploy/gearbox/leverageFarm/GearboxLeverageBalancer.s.sol
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script/deploy/gearbox/leverageFarm/GearboxLeverageCompound.s.sol
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script/deploy/gearbox/leverageFarm/GearboxLeverageConvexBaseRewardPool.s.sol
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script/deploy/gearbox/leverageFarm/GearboxLeverageConvexBooster.s.sol
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script/deploy/gearbox/leverageFarm/GearboxLeverageCurve.s.sol
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script/deploy/gearbox/leverageFarm/GearboxLeverageDeployConfig.json
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script/deploy/gearbox/leverageFarm/GearboxLeverageLido.s.sol
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script/deploy/gearbox/leverageFarm/GearboxLeverageWstETH.s.sol
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