Project Background

• This Solidity contract is for a token called PENDLE, which implements the IPENDLE interface. Here’s a breakdown of the contract:
  • Constructor: The contract constructor initializes various parameters including the token distribution to different addresses, emission rates, start time, and other configuration parameters.
  • Token Transfer Functions: Functions for transferring tokens (transfer, transferFrom, approve, increaseAllowance, decreaseAllowance) are implemented.
  • Delegation Functions: Functions for delegate voting power (delegate, delegateBySig), and related internal functions are implemented.
  • Vote Calculation Functions: Functions for calculating vote balance (getCurrentVotes, getPriorVotes), and related internal functions are implemented.
  • Internal Transfer and Approval Functions: Internal functions for transferring tokens, approving spending, and updating voting power are implemented (_transfer, _approve, _moveDelegates, _writeCheckpoint).
  • Utility Functions: Utility functions like safe32, getChainId, and _getCurrentWeek are implemented.
  • Config Changes Functions: Functions for initiating and applying configuration changes (initiateConfigChanges, applyConfigChanges) are implemented.
  • Liquidity Emission Functions: Functions for claiming liquidity emissions (claimLiquidityEmissions, _mintLiquidityEmissions) are implemented.
  • Token Minting and Burning Functions: Functions for minting and burning tokens (_mint, _burn) are implemented.
• This contract governs the behavior of the PENDLE token including transfers, voting, delegation, configuration changes, and emission of additional tokens for liquidity incentives.

Website: pendle.finance

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, 0 medium, 0 low and 5 very low-level issues.

Audit Report in PDF

Audit Report Flip book