Smart Contract Audit Report
Cloak Protocol is a new ERC-20 token on Ethereum.
For this audit, we reviewed the project team's CloakProtocol contract at 0xb4622193ca7c7580ac0ecc09c3b7bd74aef0318d on the Ethereum Mainnet.
No findings were identified.
Date: June 30th, 2023.
- The total supply of the token is set to 100 million $Cloak [100,000,000].
- No mint or burn functions are publicly accessible, though the circulating supply can be decreased by sending tokens to the 0x..dead address.
- At the time of writing this report, 99.27% of the total supply belongs to a wallet controlled by the team.
- There are no fees associated with transferring tokens.
- As the contract is implemented with Solidity v0.8.x, it is protected from overflows/underflows.
- The contract complies with the ERC-20 token standard.
|Arbitrary Jump/Storage Write||N/A||PASS|
|Centralization of Control||The team currently owns a large portion of the total supply.||PASS|
|Delegate Call to Untrusted Contract||N/A||PASS|
|Dependence on Predictable Variables||N/A||PASS|
|Improper Authorization Scheme||N/A||PASS|
|Outdated Compiler Version||N/A||PASS|
|Overall Contract Safety||PASS|
($) = payable function # = non-constant function Int = Internal Ext = External Pub = Public + Context - [Int] _msgSender - [Int] _msgData + [Int] IERC20 - [Ext] totalSupply - [Ext] balanceOf - [Ext] transfer # - [Ext] allowance - [Ext] approve # - [Ext] transferFrom # + [Int] IERC20Metadata (IERC20) - [Ext] name - [Ext] symbol - [Ext] decimals + ERC20 (Context, IERC20, IERC20Metadata) - [Pub]
# - [Pub] name - [Pub] symbol - [Pub] decimals - [Pub] totalSupply - [Pub] balanceOf - [Pub] transfer # - [Pub] allowance - [Pub] approve # - [Pub] transferFrom # - [Pub] increaseAllowance # - [Pub] decreaseAllowance # - [Int] _transfer # - [Int] _mint # - [Int] _burn # - [Int] _approve # - [Int] _spendAllowance # - [Int] _beforeTokenTransfer # - [Int] _afterTokenTransfer # + CloakProtocol (ERC20) - [Pub] # - modifiers: ERC20
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What is a SourceHat Audit?
Typically, a smart contract audit is a comprehensive review process designed to discover logical errors, security vulnerabilities, and optimization opportunities within code. A SourceHat Audit takes this a step further by verifying economic logic to ensure the stability of smart contracts and highlighting privileged functionality to create a report that is easy to understand for developers and community members alike.
How Do I Interpret the Findings?
Each of our Findings will be labeled with a Severity level. We always recommend the team resolve High, Medium, and Low severity findings prior to deploying the code to the mainnet. Here is a breakdown on what each Severity level means for the project:
- High severity indicates that the issue puts a large number of users' funds at risk and has a high probability of exploitation, or the smart contract contains serious logical issues which can prevent the code from operating as intended.
- Medium severity issues are those which place at least some users' funds at risk and has a medium to high probability of exploitation.
- Low severity issues have a relatively minor risk association; these issues have a low probability of occurring or may have a minimal impact.
- Informational issues pose no immediate risk, but inform the project team of opportunities for gas optimizations and following smart contract security best practices.