Medusa

Smart Contract Audit Report

Audit Summary

Medusa Audit Report Medusa is a new BEP-20 token on the Binance Smart Chain with an elastic supply that performs automatic liquidity adds.

For this audit, we reviewed the project team's Medusa contract at 0xE97CBB39487a4B06D9D1dd7F17f7fBBda4c2b9c4 on the Binance Smart Chain Mainnet.

Audit Findings

Please ensure trust in the team prior to investing as they have substantial control in the ecosystem.
Date: March 31st, 2022.
Updated: April 12th, 2022 to reflect the contract's newly deployed mainnet address.
Finding #1 - Medusa - Medium
Description: In the rebase() function, the second 'if' condition will always be true after one year. As a result of this, the last two conditions will never be reached.
if (deltaTimeFromInit < (365 days)) {
	rebaseRate = 2355;
} else if (deltaTimeFromInit >= (365 days)) {
	rebaseRate = 211;
} else if (deltaTimeFromInit >= ((15 * 365 days) / 10)) {
	rebaseRate = 14;
} else if (deltaTimeFromInit >= (7 * 365 days)) {
	rebaseRate = 2;
}
Risk/Impact: The rebase rate will permanently remain the same after its first change.
Recommendation: The ordering of these 'if' conditions should be modified to:
if (deltaTimeFromInit < (365 days)) {
	rebaseRate = 2355;
} else if (deltaTimeFromInit >= (7 * 365 days)) {
	rebaseRate = 2;
} else if (deltaTimeFromInit >= ((15 * 365 days) / 10)) {
	rebaseRate = 14;
} else if (deltaTimeFromInit >= (365 days)) {
	rebaseRate = 211;
}
Resolution: The team has not yet addressed this issue.
Finding #2 - Medusa - Low
Description: There are three instances in the takeFee() function where multiplication is performed on the result of a division.
_gonBalances[venomPit] = _gonBalances[venomPit].add(
	gonAmount.div(feeDenominator).mul(venomPitFee)
);
_gonBalances[address(this)] = _gonBalances[address(this)].add(
	gonAmount.div(feeDenominator).mul(_treasuryFee.add(riskFreeFundFee))
);
_gonBalances[autoLiquidityReceiver] = _gonBalances[autoLiquidityReceiver].add(
	gonAmount.div(feeDenominator).mul(liquidityFee)
);
Risk/Impact: Division can lead to integer truncation, therefore dividing and subsequently multiplying can cause results to lose precision and become less accurate.
Recommendation: We recommend modifying these calculations to perform all multiplication before division.
Resolution: The team has not yet addressed this issue.
Finding #3 - Medusa - Informational
Description: The getLiquidityBacking and setPairAddress functions are declared public, but are never called internally.
Recommendation: These functions should be declared external for additional gas savings on each call.
Finding #4 - Medusa - Informational
Description: Several state variables can never be modified, but are not declared constant.
DEAD, ZERO, _decimals, _name, _symbol, feeDenominator, liquidityFee, riskFreeFundFee, sellFee, swapEnabled, treasuryFee, venomPitFee
Recommendation: These state variables should be declared constant for additional gas savings on each call.

Contract Overview

The initial supply of the token is set to 400,000 $MEDUSA.
The maximum allowed supply of $MEDUSA is 2 billion [2,000,000,000] tokens.
No mint or burn functions are present, though the circulating supply can be reduced by sending tokens to the 0x..dead address.
At the time of writing this report, 100% of the total supply belongs to the owner.

There is a Liquidity fee, Treasury fee, Risk-Free Fund Fee, and VenomPit Fee fee on all transfers via Pancakeswap where neither the sender nor the recipient is excluded from fees.
There is an additional Sell fee added on all sell transactions via Pancakeswap.
Blacklisted contracts are not permitted to transfer tokens.
The contract features an auto-rebase mechanism that is triggered on token transfers when the following conditions are met:
The auto-rebase mechanism is enabled by the team.
The token has not reached the maximum supply.
The caller is not initiating a buy transaction via Pancakeswap.
The contract is not currently swapping tokens, performing a rebase, or performing an automatic liquidity add.
15 minutes have passed since this functionality has previously occurred.
During a rebase, tokens are automatically added to the total supply. The newly added tokens are distributed proportionally amongst holders in a frictionless manner.
The number of tokens added to the total supply is dependent on the total supply at the time of rebasing and the time since deployment.
The rebase function properly calls sync() on the Pancakeswap Pair contract to prevent theft-of-liquidity attacks that have occurred with other rebase tokens.
An automatic liquidity add will also occur on token transfers if at least 2 days have passed since the previous automatic liquidity add.
A liquidity-add is funded by selling half of the tokens collected as liquidity fees, pairing the received BNB with the token, and adding it as liquidity to the BNB pair.
The LP tokens received through this process are sent to the Liquidity wallet controlled by the team. We recommend that the team lock these newly acquired LP tokens.
The tokens collected through the Treasury fee and Risk-Free Fund Fee are swapped for BNB and sent to the team's Treasury wallet and Risk-Free Fund wallet respectively.
The tokens collected through the VenomPit fee are sent to the team's VenomPit wallet.
The contract utilizes SafeMath libraries to prevent any overflows/underflows.

The owner can enable/disable automatic liquidity adds and the auto-rebase mechanism at any time.
The owner can add/remove any contract address from the transfer blacklist at any time. EOAs cannot be blacklisted.
The owner can include/exclude accounts from transfer fees at any time.
The owner can swap all of the $MEDUSA in the contract for BNB and send it to the team's Treasury wallet at any time.
The owner can update the Pancakeswap Pair address, Treasury wallet, Liquidity wallet, Risk-Free Fund wallet, and VenomPit wallet at any time.
The owner can withdraw any tokens or BNB from the contract at any time.

Audit Results

Vulnerability Category	Notes	Result
Arbitrary Jump/Storage Write	N/A	PASS
Centralization of Control	The LP tokens generated through automatic liquidity adds are sent to the team's Liquidity wallet. The owner can swap all of the $MEDUSA in the contract for BNB and send it to the team's Treasury wallet.	WARNING
Compiler Issues	N/A	PASS
Delegate Call to Untrusted Contract	N/A	PASS
Dependence on Predictable Variables	N/A	PASS
Ether/Token Theft	N/A	PASS
Flash Loans	N/A	PASS
Front Running	N/A	PASS
Improper Events	N/A	PASS
Improper Authorization Scheme	N/A	PASS
Integer Over/Underflow	N/A	PASS
Logical Issues	N/A	PASS
Oracle Issues	N/A	PASS
Outdated Compiler Version	N/A	PASS
Race Conditions	N/A	PASS
Reentrancy	N/A	PASS
Signature Issues	N/A	PASS
Unbounded Loops	N/A	PASS
Unused Code	N/A	PASS
Overall Contract Safety		PASS

Inheritance Chart

Smart Contract Audit - Inheritance

Function Graph

Smart Contract Audit - Graph

Functions Overview


 ($) = payable function
 # = non-constant function
 
 Int = Internal
 Ext = External
 Pub = Public

 + [Lib] SafeMathInt 
    - [Int] mul
    - [Int] div
    - [Int] sub
    - [Int] add
    - [Int] abs

 + [Lib] SafeMath 
    - [Int] add
    - [Int] sub
    - [Int] sub
    - [Int] mul
    - [Int] div
    - [Int] div
    - [Int] mod

 + [Int] IERC20 
    - [Ext] totalSupply
    - [Ext] balanceOf
    - [Ext] allowance
    - [Ext] transfer #
    - [Ext] approve #
    - [Ext] transferFrom #

 + [Int] IPancakeSwapPair 
    - [Ext] name
    - [Ext] symbol
    - [Ext] decimals
    - [Ext] totalSupply
    - [Ext] balanceOf
    - [Ext] allowance
    - [Ext] approve #
    - [Ext] transfer #
    - [Ext] transferFrom #
    - [Ext] DOMAIN_SEPARATOR
    - [Ext] PERMIT_TYPEHASH
    - [Ext] nonces
    - [Ext] permit #
    - [Ext] MINIMUM_LIQUIDITY
    - [Ext] factory
    - [Ext] token0
    - [Ext] token1
    - [Ext] getReserves
    - [Ext] price0CumulativeLast
    - [Ext] price1CumulativeLast
    - [Ext] kLast
    - [Ext] mint #
    - [Ext] burn #
    - [Ext] swap #
    - [Ext] skim #
    - [Ext] sync #
    - [Ext] initialize #

 + [Int] IPancakeSwapRouter 
    - [Ext] factory
    - [Ext] WETH
    - [Ext] addLiquidity #
    - [Ext] addLiquidityETH ($)
    - [Ext] removeLiquidity #
    - [Ext] removeLiquidityETH #
    - [Ext] removeLiquidityWithPermit #
    - [Ext] removeLiquidityETHWithPermit #
    - [Ext] swapExactTokensForTokens #
    - [Ext] swapTokensForExactTokens #
    - [Ext] swapExactETHForTokens ($)
    - [Ext] swapTokensForExactETH #
    - [Ext] swapExactTokensForETH #
    - [Ext] swapETHForExactTokens ($)
    - [Ext] quote
    - [Ext] getAmountOut
    - [Ext] getAmountIn
    - [Ext] getAmountsOut
    - [Ext] getAmountsIn
    - [Ext] removeLiquidityETHSupportingFeeOnTransferTokens #
    - [Ext] removeLiquidityETHWithPermitSupportingFeeOnTransferTokens #
    - [Ext] swapExactTokensForTokensSupportingFeeOnTransferTokens #
    - [Ext] swapExactETHForTokensSupportingFeeOnTransferTokens ($)
    - [Ext] swapExactTokensForETHSupportingFeeOnTransferTokens #

 + [Int] IPancakeSwapFactory 
    - [Ext] feeTo
    - [Ext] feeToSetter
    - [Ext] getPair
    - [Ext] allPairs
    - [Ext] allPairsLength
    - [Ext] createPair #
    - [Ext] setFeeTo #
    - [Ext] setFeeToSetter #

 +  Ownable 
    - [Pub]  #
    - [Pub] owner
    - [Pub] isOwner
    - [Pub] renounceOwnership #
       - modifiers: onlyOwner
    - [Pub] transferOwnership #
       - modifiers: onlyOwner
    - [Int] _transferOwnership #

 +  ERC20Detailed (IERC20)
    - [Pub]  #
    - [Pub] name
    - [Pub] symbol
    - [Pub] decimals

 +  Medusa (ERC20Detailed, Ownable)
    - [Pub]  #
       - modifiers: ERC20Detailed,Ownable
    - [Int] rebase #
    - [Ext] transfer #
       - modifiers: validRecipient
    - [Ext] transferFrom #
       - modifiers: validRecipient
    - [Int] _basicTransfer #
    - [Int] _transferFrom #
    - [Int] takeFee #
    - [Int] addLiquidity #
       - modifiers: swapping
    - [Int] swapBack #
       - modifiers: swapping
    - [Ext] withdrawAllToTreasury #
       - modifiers: swapping,onlyOwner
    - [Int] shouldTakeFee
    - [Int] shouldRebase
    - [Int] shouldAddLiquidity
    - [Int] shouldSwapBack
    - [Ext] setAutoRebase #
       - modifiers: onlyOwner
    - [Ext] setAutoAddLiquidity #
       - modifiers: onlyOwner
    - [Ext] allowance
    - [Ext] decreaseAllowance #
    - [Ext] increaseAllowance #
    - [Ext] approve #
    - [Ext] checkFeeExempt
    - [Pub] getCirculatingSupply
    - [Ext] isNotInSwap
    - [Ext] manualSync #
    - [Ext] setFeeReceivers #
       - modifiers: onlyOwner
    - [Pub] getLiquidityBacking
    - [Ext] setWhitelist #
       - modifiers: onlyOwner
    - [Ext] setBotBlacklist #
       - modifiers: onlyOwner
    - [Pub] setPairAddress #
       - modifiers: onlyOwner
    - [Ext] setLP #
       - modifiers: onlyOwner
    - [Ext] totalSupply
    - [Ext] balanceOf
    - [Int] isContract
    - [Ext]  ($)

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Our firm is well-reputed in the community and is trusted as a top smart contract auditing company for the review of solidity code, no matter how complex. Our team of experienced solidity smart contract auditors performs audits for tokens, NFTs, crowdsales, marketplaces, gambling games, financial protocols, and more!

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.

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