Governance Protocol

Frax

Audit Summary

Protocol:

Frax

Date:07/07/2023

Auditor:

Trail of Bits

Type:Smart Contract

Category:

Staking

RWA

Stablecoins

Lending

Trading

Privacy & Compliance

Chain

Ecosystem:

EVM

Substrate

Download Report

Total Findings: 7

High 2

Medium 1

Low 0

Informational 4

Governance 0

High

2 findings (28.6%)

Medium

1 findings (14.3%)

Informational

4 findings (57.1%)

Description

Trail of Bits audited Frax’s Governance Protocol report on July 7, 2023, under the Staking, RWA, Stablecoins, Lending, Trading, Privacy & Compliance, Chain category, identifying 7 issues in total.

The Frex Finance governance system codebase is notably intricate for a governance system. It presents several high-severity issues related to access control and timing validations. Recommendations for remediation and improved test coverage have been provided.