tapir protocol
Summary
Tapir is a DeFi protocol that provides depeg protection for assets. It does this by allowing users to split a base asset into two equal ERC20 tokens: DP (Depeg Protection) and YB (Yield Bearer). DP tokens give users protection from potential price depegs while YB tokens offer users with a higher risk tolerance the potential to buy exposure to the Depeg Pool's underlying asset at a potential premium, and redeem them 1:1 for assets if the asset token does not experience a depeg over the pool's lifecycle. Both tokens are put into a forked Uniswap V3 pool, which has certain additional features such as dynamic fees and the ability to pause the Uniswap pool if the Depeg Pool is in a paused state. Over the course of the audit a number of issues were found, these include logical errors within the codebase such as incorrect calculation of the protocol's earned fees (#TAP-1) as well as issues that arise due to edge cases scenarios with the project's business logic. It is recommended that the client addresses all of these issues before the protocol's launch.
Issues (9)
Low | Medium | High | Critical | Total | |
|---|---|---|---|---|---|
Not fixed | - | - | - | - | 0 |
Acknowledged | - | - | - | - | 0 |
Fixed | 3 | 3 | 3 | - | 9 |
| Total | 3 | 3 | 3 | 0 | 9 |