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Summary
Oasis.app implemented an automated management solution for Maker’s collateralized debt positions (vaults). Users manage command triggers which are executed by bots. In the current implementation, users can allow the Automation smart contract to automatically close their vault position should the collateralization go below a certain threshold. All in all, no high severity issues were uncovered. All the issues have been addressed.
The most critical subjects covered in our audit are functional correctness and access control. Security regarding all the aforementioned subjects is high.
The general subjects covered are upgradability, unit testing and gas efficiency. Security regarding all the aforementioned subjects is high. The specification provided was comprehensive.
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 Oasis
“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)