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MakerDAO – DSS Crop Join

Security Audit

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Summary

The most critical subjects covered in our audit are the security of the new contracts, the functional correctness and the impact of these changes on the existing system.

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 MakerDAO – DSS Crop Join

DSS-Crop-join introduces support for new ilks with a join adapter facilitating the staking of the collateral tokens in a third party system to generate reward instead of simply holding the tokens at the join adapter. The generated reward is distributed amongst the users the collateral belongs to.

“The Maker Protocol, also known as the Multi-Collateral Dai (MCD) system, allows users to generate Dai by leveraging collateral assets approved by “Maker Governance.” Maker Governance is the community organized and operated process of managing the various aspects of the Maker Protocol. Dai is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar. Resistant to hyperinflation due to its low volatility, Dai offers economic freedom and opportunity to anyone, anywhere.”

Source: https://makerdao.com/en/whitepaper/

It was a pleasure working with ChainSecurity. They maintained clear and direct dialogue with us and we look forward to working with them on future Layer 2 solutions to help us scale and grow the DAI ecosystem.
Derek Flossman, Head of Protocol Engineering Core Unit (MakerDAO)