Steadefi

Summary

GMX protocol incorporates several key features that facilitate its DeFi operations, such as leverage trading, yield farming, and liquidity provision. An important aspect of the protocol's resilience and adaptability is the ability to toggle certain market features on or off. This capability is critical for risk management and operational integrity but comes with implications for users and the protocol's functionality.

Vulnerability Details

The protocol may temporarily disable features such as token minting, asset swapping, liquidity additions or removals, and others in response to extreme market conditions, detected anomalies, or ongoing maintenance. Toggles can be implemented as circuit breakers to prevent cascading failures or to mitigate ongoing attack vectors.

Impact

The Impact Of this is that during this period Protocol like Steadefi, should treat this kind of pause as their Own Strategy Vaults is being paused too as no actions, by either the user or Keepers can be done, no matter what the state of the Vaults is.

Tools Used

Manual Analysis

Recommendations

These are Informational and Low Issues that could turn to a higher kind of severity under different circumstances, which Could potentially have an effect in the future as the protocol continues its operations, so the Protocol Should have This In Mind as they Progress.