Open code423n4 opened 1 year ago
Picodes marked the issue as duplicate of #183
Picodes marked the issue as duplicate of #185
Picodes marked the issue as selected for report
JeeberC4 marked the issue as not a duplicate
JeeberC4 marked the issue as primary issue
We're using the following combination of mechanics in order to make it front-running compound
calls economically unattractive (or, at the very least, minimally impactful) for would-be attackers:
Both will result in a higher frequency of the vault compounding its rewards and less resources available for potential attackers.
Lines of code
https://github.com/code-423n4/2022-11-redactedcartel/blob/main/src/vaults/AutoPxGlp.sol#L210 https://github.com/code-423n4/2022-11-redactedcartel/blob/main/src/PirexGmx.sol#L497-L516
Vulnerability details
Impact
Compounded assets may be lost because
AutoPxGlp::compound
can be called by anyone and minimum amount of Glp and USDG are under caller's control. The only check concerning minValues is that they are not zero (1 will work, however from the perspective of real tokens e.g. 1e6, or 1e18 it's virtually zero). Additionally, internal smart contract functions use it as well with minimal possible value (e.g.beforeDeposit
function)Proof of Concept
compound
function calls PirexGmx::depositGlp, that uses external GMX reward router to mint and stake GLP. https://snowtrace.io/address/0x82147c5a7e850ea4e28155df107f2590fd4ba327#codeNext
GlpManager::addLiquidityForAccount
is called https://github.com/gmx-io/gmx-contracts/blob/master/contracts/core/GlpManager.sol#L103which in turn uses vault to swap token for specific amount of USDG before adding liquidity: https://github.com/gmx-io/gmx-contracts/blob/master/contracts/core/GlpManager.sol#L217
The amount of USGD to mint is calcualted by GMX own price feed: https://github.com/gmx-io/gmx-contracts/blob/master/contracts/core/Vault.sol#L765-L767
In times of market turbulence, or price oracle manipulation, all compound value may be lost
Tools Used
VS Code, arbiscan.io
Recommended Mitigation Steps
Don't depend on user passing minimum amounts of usdg and glp tokens. Use GMX oracle to get current price, and additionally check it against some other price feed (e.g. ChainLink)