The most critical subjects covered in our audit are overflow checks, the precision of arithmetic operations, and functional correctness. Some issues regarding overflows and precision losses were identified and subsequently fixed. Security regarding these subjects is high.

The general subjects covered are gas efficiency, access control, and trustworthiness. Security regarding all the aforementioned subjects is high. The efficiency of the current price calculation has been significantly improved.

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.

Curve implements an updated and optimized version of the existing Curve Curve Tricrypto Pool. It is an automatic market maker which allows exchanging of three tokens that do not need to be equivalent in value. The pools are rebalanced continuously around a moving average of the AMM state prices.

“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.”

Source: https://curve.fi/rootfaq