Akiba Finance Smart Contract Audit

Project Background

  • Akiba Finance is a project that aims to create a synthetic protocol and support a synthetic asset market. The goal of the protocol is to create a synthesis of tokens in the KAVA network, as well as assets that are not yet traded on the network.  
  • Akiba Finance presents a partially collateralized design in which the protocol’s synths are collateralized by the underlying asset as well as Akiba’s own token.
  • $KAWAII is a next-generation KAVA reward token on the KAVA ecosystem. 
  • 2% of every transaction made with the $KAWAII tokens goes back to holders of $KAWAII in KAVA rewards. 
  • Akiba Finance Contracts have functions like mint, redeem, recollateralize, addLiquidity, add, set, withdraw, stake, setRewarder, getYTokenPrice, maxTotalSupply, etc. 
  • The Akiba Finance contract inherits the ERC20, SafeERC20, Ownable, ReentrancyGuard, Address, IUniswapV2Router02, SafeMath, Math, Initializable, IERC20, IUniswapV2Pair, ERC20Burnable standard smart contracts from the OpenZeppelin library. 
  • These OpenZeppelin contracts are considered community-audited and time-tested, and hence are not part of the audit scope.
Website: http://akiba.finance

Executive Audit Summery

  • According to the standard audit assessment, Customer`s solidity smart contracts are “ Secured”. Also, these contracts do contain owner control, which does not make them fully decentralized.
  • We used various tools like Slither, Solhint and Remix IDE. At the same time this finding is based on critical analysis of the manual audit.
  • We found 0 critical, 0 high, 0 medium and 3 low and some very low level issues.

Audit Report in PDF

Audit Report Flip book

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