Audit Report

Paladin11 addresses on Avalanche

Paladin reviewed OrcaDAO (Audit Report) on 28 Oct 2021: 58 findings, 0 critical; 23 marked fixed, 33 acknowledged, 2 open.

No open critical findings
Open the reportOpen OrcaDAO’s security record

Report hosted on paladinsec.co.

Trustblock does not review code.

Findings58

Statuses are the security firm’s own, from its report.

SeverityOpenAcknowledgedFixed
Critical000
High003
Medium022
Low23118
HighGov Privilege: Governance can change crucial aspects of the protocol to potentially drain the contracts of all supplied tokensFixed

The report gives no description here.

HighGovernance privilege: The USDCExchange can be upgraded or configured to potentially take all USDC and minted AVAIFixed

The report gives no description here.

HighThe protocol will likely malfunction for collateral tokens with decimals different than 18 tokens and ChainLink feeds different than 8 decimalsFixed

The report gives no description here.

MediumOnce a stability pool is added, only the stability pool can liquidateFixed

The report gives no description here.

MediumOwner of the VestingWallet can withdraw all unvested tokensFixed

The report gives no description here.

LowchangeTreasury allows changing the treasury to the zero addressFixed

The report gives no description here.

LowcheckLiquidation reverts instead of returning a booleanFixed

The report gives no description here.

LowDeflationary tokens are not supported as collateralFixed

The report gives no description here.

LowdestroyVaults does not adhere to checks-effects-interactions which could allow an exploiter to abuse third-party contracts if a bank an ERC-777 (or similar) token is ever addedFixed

The report gives no description here.

LowGas optimization: AVAI can be burned directly during liquidationsFixed

The report gives no description here.

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LowGas optimization: AVAI can be burned directly during redemptionFixed

The report gives no description here.

LowgetPriceSource underflows if ChainLink ever returns a negative price by errorFixed

The report gives no description here.

LowGov privilege: The gateway address is very privileged throughout the systemFixed

The report gives no description here.

LowLack of events for changeTreasury, setGainRatio, setDebtRatio, setDebtCeiling, setPriceSource, setTokenPeg, setStabilityPool, setGateway, setClosingFee, setOpeningFeeFixed

The report gives no description here.

LowLack of events for changeTreasury, setUSDCRate, setAVAIRate and setTreasuryFixed

The report gives no description here.

LowLack of events for setGateway, setStabilityPool, setPriceSource and setTreasuryFixed

The report gives no description here.

LowLack of maximum mint could be disastrous if USDC loses pegFixed

The report gives no description here.

LowLack of parameter validationFixed

The report gives no description here.

LowNo minimum debt amountFixed

The report gives no description here.

LowRedundant hasRole requirementsFixed

The report gives no description here.

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LowThe treasury that receives fees can be set to the zero address preventing minting and redeeming of AVAIFixed

The report gives no description here.

LowThere are a few typographical errors within the contractFixed

The report gives no description here.

LowTypographical errorsFixed

The report gives no description here.

Contracts in scope11

AddressChainSource code
0x4422fb9afb547e8ed7a61ac9de0255c760ea55c1Chain: AvalancheSource code: Verified source
0x599d8908f783df097e390e0f53d5f93b68f1126aChain: AvalancheSource code: Verified source
0x7352ef87724e1725595add3ca2a9820775fb41d2Chain: AvalancheSource code: Verified source
0x4fffa5602112fd0c7b327a503f67f229f6d0828aChain: AvalancheSource code: Verified source
0x318dfbe56155f9999fa913cddcaa5764a2b52134Chain: AvalancheSource code: Verified source
0xc029713e92383426c9b387b124c0bf6271d08b80Chain: AvalancheSource code: Verified source
0x346a59146b9b4a77100d369a3d18e8007a9f46a6Chain: AvalancheSource code: Verified source
0x8b1d98a91f853218ddbb066f20b8c63e782e2430Chain: AvalancheSource code: Verified source
0x1ea60d781376c06693dfb21d7e5951caec13f7e4Chain: AvalancheSource code: Verified source
0x4805d6563b36a02c5012c11d6e15552f50066d58Chain: AvalancheSource code: Verified source
Show the other 1 addresses
AddressChainSource code
0x111e1e97435b57467e79d4930acc4b7eb3d478adChain: AvalancheSource code: Verified source

Part of OrcaDAO’s security record

OrcaDAO
Audits1 audit by 1 firmLast audit Oct 2021, by Paladin.
Critical findingsNo open critical findingsIn 1 report.
Open OrcaDAO’s security record

Security firm

Paladin

176 projects reviewed · 241 reports · latest Apr 2025

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