Vulnerability Details

In the L1Token contract, there is an INITIAL_SUPPLY defined, but no corresponding MAX_SUPPLY is set. This absence poses a risk of unlimited minting of tokens, as there is no hard cap to restrict the total supply of tokens. The lack of a maximum supply limit could lead to potential misuse or unintended inflation of the token supply.

Impact

The absence of a MAX_SUPPLY can lead to unchecked minting of tokens, posing a significant risk of token devaluation and inflation. This could undermine the token's value and the project's economic stability.

Recommendations

Implement a MAX_SUPPLY to set a hard cap on the total token supply. This will provide a safeguard against unlimited minting and help maintain the token's value and scarcity. Additionally, ensure that any minting function checks against this maximum supply to prevent excess issuance of tokens.