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Summary
The modular proxy actions allow execution of operations, a set of actions. An action contract performs a single function. This flexibility makes it trivial to compose new operations from actions, especially as actions may be added or upgraded.
The most critical subjects covered in our audit are functional correctness, security and whether the implementation is suitable for the intended purpose. While the modular implementation is suitable to reach the documented requirements it results in increased transaction costs which may hinder adoption. The modularity is significantly more complicated than a monolithic architecture. Extensive forked mainnet tests are recommended.
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 Oasis.App – Modular Proxy Actions
“Oasis.app mission is to provide the best and most trusted entry point to deploy your capital and benefit from all of the potential in DeFi. You can just connect your wallet, and borrow Dai by opening a Vault using your preferred crypto as collateral (such as ETH, wBTC, USDC, LINK and many more).
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DeFi platforms like Oasis.app are reimagining the way access to financial products work – helping investors to unlock the potential of cryptocurrency, without having to deal with high costs and third parties.
Besides the home made features, Oasis.app is integrating several solutions, like 1inch for liquidity and Uniswap Swap Widget, to improve more and more and make the UX as complete as possible.”
Chain Security's team showed a high level of professionalism in the essential/engineering area and communication. They were helpful and open for dialogue while providing expertise and recommendations. Oasis.app must be a product our users can trust. We look forward to continuing our work with Chain Security to assure this trust.
Lukasz Baksik, Head of Operations at Oazo Apps Ltd. (oasis.app)