The most critical subjects covered in our audit are functional correctness and access control. Security regarding all the aforementioned subjects is high. Please note that the PAXG token is upgradable. Furthermore the current implementation of the PAXG token features functionality that allows the admin to seize/freeze assets of any address.

The general subjects covered are gas efficiency and error handling. 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.

MakerDAO implements a novel join adapter (GemJoin9) to be used with the PAXG token, an ERC20 token with fees on transfers.

“MakerDAO is a decentralized organization dedicated to bringing stability to the cryptocurrency economy. The Maker Protocol employs a two-token system. The first being, Dai, a collateral-backed stablecoin that offers stability. The Maker Foundation and the MakerDAO community believe that a decentralized stablecoin is required to have any business or individual realize the advantages of digital money. Second, there is MKR, a governance token that is used by stakeholders to maintain the system and manage Dai. MKR token holders are the decision-makers of the Maker Protocol, supported by the larger public community and various other external parties.”

Source: https://docs.makerdao.com/