Description:
The steaking
contract in its current form where we have the depositIntoVault
function does not comply with the ERC4626
standard, which defines a common interface for tokenized vaults to enable intereporability across different DEFI protocols. The ERC4626
standard mandates specific functions and behaviours, such as deposit
, mint
, withdraw
and redeem
operations, which the steaking
contract does not fully implement or adhere to.
Impact:
Failure to comply with the ERC4626
standard could lead to several issues:
User confusion: Users
familiar with ERC4626-compliant vaults may expect certain behaviors and functionalities that the Steaking contract does not provide, leading to potential misuse or misinterpretation of the contract's functionality.
Increased Maintenance and Integration Costs: The lack of standardization may require custom solutions or additional development work to integrate with other protocols, increasing the complexity and cost of maintaining and expanding the system.
Proof of Concept:
The steaking
contract does not include key ERC4626
functions such as withdraw
and redeem
, and its deposit
function deviates from the expected behavior outlined in the standard. For example, the contract's depositIntoVault
function handles ETH staking and conversion to WETH but does not follow the ERC4626
interface requirements for accepting assets and returning shares in a standardized manner.
Recommended Mitigation:
To achieve ERC4626
compliance, refactor the steaking
contract to implement all required functions (deposit
, withdraw
, mint
, and redeem
) according to the ERC4626
standard. Ensure that the contract's interface and behavior align with the standard's specifications, allowing seamless integration with other ERC4626-compliant protocols and tools. Additionally, consider conducting a comprehensive review to identify and resolve any other discrepancies with the ERC4626
standard.
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