Summary
The most critical subjects covered in our audit are denial of service, correct access control and correct usage of the new Vyper modules. Security regarding all the aforementioned subjects is high.
In summary, we find that the codebase provides a high level of security.
It is important to note that security audits are time-boxed and cannot uncover all vulnerabilities. They complement but don't replace other vital measures to secure a project.
About Curve Fee Splitter
Curve implements fee splitter to distribute fees (in crvUSD token) from the crvUSD stablecoin markets to different recipient according to configured weights.
“Curve is an exchange liquidity pool on Ethereum (like Uniswap) designed for (1) extremely efficient stablecoin trading (2) low risk, supplemental fee income for liquidity providers, without an opportunity cost.
Curve allows users (and smart contracts like 1inch, Paraswap, Totle and Dex.ag) to trade between DAI and USDC with a bespoke low slippage, low fee algorithm designed specifically for stablecoins and earn fees. Behind the scenes, the liquidity pool is also supplied to the Compound protocol or yearn.finance where it generates even more income for liquidity providers.”
We appreciate ChainSecurity for very deep and thoughtful analysis!
Michael Egorov, CEO @ Curve Finance