Project Background
- TheIronMan Finance is a project that aims to create a synthetic protocol and support a synthetic asset market.
- TheIronMan Finance uses a Collateral Ratio (CR) for minting and redeeming TheIronMan’s synths. There will be a minimum CR set by governance for respective synths. The CR is used by the minting and redeeming functions. It is displayed as a percentage. The ratio shows what percentage of IMT is needed in order to mint or redeem a CORE token.
- In the case of COREX trading above the value of CORE, a user can mint the synth token through the protocol, using the value of 1 CORE token for 1 synth token, and then sell the synth token on the open market. Over a short time period the profitable arb opportunity will subside—the prices will converge.
- TheIronMan Finance contract inherits the ERC20, SafeERC20, Context, Ownable, ReentrancyGuard, Address, IERC20, Math, SafeMath, Initializable standard smart contracts from the OpenZeppelin library.
- TheIronMan Finance contract inherits the IUniswapV2Pair, IUniswapV2Router02 standard smart contracts from the uniswap library.
- These OpenZeppelin and uniswap contracts are considered community-audited and time-tested, and hence are not part of the audit scope.
Executive Audit Summery
- According to the standard audit assessment, Customer`s solidity smart contracts are “Secured”. This token contract does contain owner control, which does not make it 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 2 low and some very low level issues.
Audit Report in PDF
Audit Report Flip book
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