Project Background

Website Details

• Seamless Protocol offers an automated DeFi lending and borrowing platform focused on Base assets. 
• It features integrated liquidity markets (ILMs) for automated growth strategies, including auto compounding and rebalancing, with no hidden fees and high efficiency. 
• The platform supports a seamless user experience for bridging, swapping, depositing, borrowing, and growing assets. Seamless Protocol uses the SEAM governance token for decentralized decision-making and emphasizes security through partnerships with Chaos Labs and Gauntlet for risk management and market monitoring.

Website: seamlessprotocol.com

Code Details

• This Solidity contract defines an upgradeable ERC-20 token named “Seam” using OpenZeppelin’s upgradeable libraries. The `Seam` contract inherits from multiple OpenZeppelin upgradeable contracts to provide a variety of features:
  • Initializable: Enables the contract to use an initializer function instead of a constructor.
  • ERC20Upgradeable: Basic ERC-20 token functionality.
  • ERC20PermitUpgradeable: Adds permit functionality to allow approvals via signatures.
  • ERC20VotesUpgradeable: Allows tokens to be used in governance, with voting power tracking.
  • AccessControlUpgradeable: Provides role-based access control.
  • UUPSUpgradeable: This enables the contract to be upgradeable via the UUPS (Universal Upgradeable Proxy Standard) pattern.
• This design pattern ensures that the contract is secure, upgradeable, and follows the best practices for creating ERC-20 tokens with additional governance and access control features.

Audit Summary

• We observed no issue in the smart contracts.
• The security state of the reviewed smart contract, based on standard audit procedure scope, is “Well Secured”.

Executive Audit Summary

• According to the standard audit assessment, the Customer`s solidity smart contracts are “Well Secured”. This token contract does not have any ownership control, hence it is 100% 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