Lif3 L3USD

CertiKCode version: not recorded (see the report)

CertiK reviewed LIF3 (Lif3 L3USD) on 27 Feb 2024: 5 findings, 1 critical; 1 acknowledged, 4 open.

1 critical acknowledged, not fixed
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Report hosted on skynet.certik.com.

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Findings5

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

SeverityOpenAcknowledgedFixed
Critical010
High000
Medium000
Low400
LowDoubtful TokenomicsOpen

Contract L3USD takes a less than 0.2% fee for each token transfer, and the fee is collected by the contract owner. If the fees is not flowed back to the users in some way, eventually all the L3USD token would end up in the contract owner's wallet.

LowMissing Emit EventsOpen

The following 2 functions changes important state variables but don't emit relevant events as notifications. 1. Function `transferOwnership()` updates contract owner address. 2. Function `transferFrom()` updates the allowance before token transfer.

LowMissing Zero Address ValidationOpen

The `_to` or `_spender` input address in function `approve()`, `transfer()` and `transferFrom()` are missing a check that it is not `address(0)`. This would allow users to send token to zero address and essentially burn their tokens and decrease the amount of L3USD in circulation.

LowVariable Can Be Declared as ImmutableOpen

The variables `name`, `symbol` and `decimals` assigned in the constructor can be declared as `Immutable`. Immutable state variables can be assigned during contract creation, but will remain constant throughout the lifetime of a deployed contract. An advantage of immutable variables is that reading them is significantly cheaper than reading from regular state variables since they are not located in storage.

Contracts in scope

No deployed address is recorded for this audit.

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Part of LIF3’s security record

LIF3
Audits3 audits by 2 firmsLast audit Feb 2024, by CertiK.
Critical findings1 critical acknowledged, not fixedReported in “Lif3 L3USD” by CertiK, Feb 2024. The team acknowledged it.
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