Project Background

• The dYdX governance token smart contract defines a sophisticated ERC20 token contract with built-in governance features, including delegation of voting and proposition power. 
• The `DydxToken` contract ensures secure and restricted transfers, and minting conditions, and allows the owner to manage an allowlist for token transfers during restricted periods. 
• The contract leverages the `SafeMath` library for safe arithmetic operations and provides detailed delegation and snapshot mechanisms for tracking governance power.

Website: dydx.exchange

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.
• We found 0 critical, 0 high, 1 medium, 0 low and 9 very low-level issues.

Audit Report in PDF

Audit Report Flip book