Summary
The most critical subjects covered in our audit are functional correctness, security and the users control over their own funds without having to trust third parties more than necessary. While the contracts overall implement the same functionality as their counterpart for Optimism/Arbitrum, the implementation and interfaces exposed differ.
Security regarding all the aforementioned subjects is high as the issues reported have been resolved. 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 – Starknet Teleport
The smart contracts implement an extension to integrate the Starknet DAI Bridge into Teleport which facilitates fast transfers of DAI between different L2/L1 called “domains”.
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“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.”
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)