Dai Token (DAI) security audit, conducted by the Callisto Network Security Department in August 2019.

 

Dai Token (DAI) Specificities

 

 

 

Audit Request

Audit Top 200 CoinMarketCap tokens.

Dai (DAI) stablecoin.

Symbol      : DAI
Name        : Dai

http://www.makerdao.com/

Source Code:

https://etherscan.io/address/0x89d24a6b4ccb1b6faa2625fe562bdd9a23260359#code

Disclosure policy

Public.

Platform:

ETH.

Number of lines:

238.

 

Dai Token (DAI) Smart Contract Security Audit Report

Are Your Funds Safe?

 

1. In scope

2. Findings

In total, 4 issues were reported including:

  • 3 low severity issues.

  • 1 owner privileges (the ability of an owner to manipulate contract, may be risky for investors).

No critical security issues were found.

2.1. Known vulnerabilities of ERC-20 token

Severity: low.

Description:

  • It is possible to double withdrawal attack. More details here
  • Lack of transaction handling mechanism issue. WARNING! This is a very common issue and it already caused millions of dollars losses for lots of token users! More details here.

Recommendation:

Add the following code to the transfer(_to address, ...) function:

require( _to != address(this) );

2.2. Blocking transferring

Severity: owner privileges.

Description:

The contract owner allowed to block transfer functions( transferFrom, approve, mint, burn).

Code snippet:

  • Line 234.

2.3. ERC20 Compliance — event missing

Severity: low.

Description:

According to ERC20 standard when coins are minted(or burned) a Transfer event should be emitted.

Code snippet:

  • Lines 423, 428, 303.

2.4. Checking input addresses

Severity: low.

Description:

Incoming addresses should be checked for an empty value(0x0 address) to avoid loss of funds or blocking some functionality.

Code snippet:

  • setOwner function (lines 129-135)
  • transferFrom function (lines 390-405)

3. Conclusion

The audited smart contract can be deployed. Only low severity issues were found during the audit.

4. Revealing audit reports

Appendix

Smart Contract Audits by Callisto Network.

Miscellaneous

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