Swell Network Addendum

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CertiK reviewed Swell (Swell Network Addendum) on 28 Nov 2022: 9 findings, 0 critical; 5 marked fixed, 4 acknowledged.

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Findings9

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

SeverityOpenAcknowledgedFixed
Critical000
High011
Medium000
Low034
HighInconsistencies in updates to `userRecords`Fixed

In the function `_registerDeposit()`, only the `balance` of a `_user` address is updated in the `userRecords` mapping. The struct variable `entryRPT` is not updated; this means that when the same `_user` address withdraws, their `record.entryRPT` will read as 0 (even if they deposited their tokens at a point in time when the sum was larger) and as a result, they will be privy to the all-time running sum `rewardPerToken` corresponding to the reward token address. Since their balance is updated, provided the `rpt` is positive, a user who goes through `_registerDeposit()` for their first deposit gets the full `rpt` value applied to the amount added to `unclaimedRewards`, either through a second deposit that goes through `_depositRewards()` or withdrawing through `_withdrawRewards()`. The function `_depositRewards()`, however, does not provide the same record-keeping for a first-time depositor. A user who deposits through `_depositRewards()` for the first time has an update to their `record.unclaimedRewards` that is 0 (since `record.balance` is 0 at that point). However, their `record.entryRPT` is updated to be the `rpt` value at the time of deposit. This means the next time this same user deposits or withdraws through `_depositRewards()` or `_withdrawRewards()`, their value for `record.unclaimedRewards` is only scaled by `rpt - record.entryRPT`, where `record.entryRPT` is nonzero. The issue appears to be that two users, both depositing for the first time, may have two different outcomes dependent upon whether the call to `auraBaseRewardPool.getReward()` yields a positive `tokenBalance` amount. It also appears possible that a user may both deposit tokens for a period of time and withdraw these tokens without ever receiving rewards. Such an instance appears to occur if the user happens to deposit tokens through the `_depositRewards()` function (in which case record.unclaimedRewards is still 0 after update), and then withdraws through the `_registerWithdraw()` function, where `record.unclaimedRewards` is also no updated for the user. Which functions are called is dependent upon whether `auraBaseRewardPool.getReward()` yields a nonzero `tokenBalance` for the contract.

LowCheck Effect Interaction Pattern ViolatedFixed

The order of external call/transfer and storage manipulation must follow the check-effect-interaction pattern. - In `_beforePositionChange()`: The function `_withdrawFromAura()` makes an external call before the updates to state performed in `_rewardsBeforeWithdraw()`. - In `_afterPositionChange()`: The function `_depositToAura()` makes an external call before the updates to state performed in function `_rewardsAfterDeposit()`.

LowLogic allows `_withdrawAmount` to be larger thanFixed

In functions `_registerWithdraw()` and `_withdrawRewards()`, the `record.balance` for the input address `_user` is updated to subtract away the `_amount` to be withdrawn. However, the logic for updating the `record.balance` is as follows: ```solidity record.balance -= _amount > record.balance ? record.balance : _amount; ``` which allows `_amount` to be larger than the value for `record.balance` without causing a revert of the transaction. While in most cases, a user calling `withdraw()` with a higher value for `assets` than they own will cause a revert, if there is a difference in `msg.sender` and `tx.origin`, this facilitates `tx.origin` in using a call for a withdrawal transaction that may be larger than the recorded `record.balance` for `tx.origin` to gain rewards.

LowMissing Input ValidationFixed

There is no check that the input `_params.platformFee` for the constructor is in an acceptable range for its use as `platformFee` within the `SwellAuraVault` contract. Similarly, there is no check that the input `fee` for function `configurePlatformFee()` is within an acceptable range for its use as `platformFee`.

LowMissing Zero Address ValidationFixed

Addresses should be checked before assignment or external call to make sure they are not zero addresses. ```solidity=38 _params.asset; ``` - `_params.asset` is not zero-checked before being set.

Contracts in scope

No deployed address is recorded for this audit.

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Repository and files the report names (2)

  • contracts/implementations/RewardsDistributor.sol
  • contracts/implementations/SwellAuraVault.sol

Part of Swell’s security record

Swell
Audits10 audits by 6 firmsLast audit Apr 2025, by CODESPECT.
Critical findingsNo open critical findingsAcross 10 reports.
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