Degen Token Smart Contract Audit

 Project Background

Website Details

  • Degen, an ERC-20 token launched in January 2024, has reshaped the Farcaster ecosystem by enabling Casters to reward others with DEGEN for posting quality content. 
  •  Our points system recognizes unique posts and comments, effectively bridging the gap between online contributions and real-world value.
  • focuses on the Degen token, an ERC-20 token integrated with the Farcaster ecosystem. It enables users to reward quality content with DEGEN tokens, turning online engagement into tangible value. 
  •  The platform supports various activities including airdrops, bounties, and development on its EVM-compatible blockchain, Degen L3, which features low transaction fees.


Code Details

The `DegenToken` contract is a custom ERC-20 token with burnable, pausable, and votable features, utilizing OpenZeppelin libraries. Key features include:

  • Token Details: Named “Degen” with the symbol “DEGEN” and an initial supply of 36,965,935,954 tokens.
  • Minting Restrictions: Minting can only occur once a year, capped at 1% of the total supply.
  • Ownership: Only the contract owner can mint, pause, or unpause the token.
  • Security: Includes various error checks for minting conditions.

This ensures a secure and controlled token issuance process.

Audit Summary

  • We observed  1 Informational issue in the smart contracts. but those are not critical.
  • The security state of the reviewed smart contract, based on standard audit procedure scope, is “Secured”.

Executive Audit Summary

  • According to the standard audit assessment, the Customer`s solidity smart contracts are “Secured”. Also, these contracts 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.

Audit Report in PDF


Audit Report Flip book

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