Dependency on GMX Protocol could lead to protocol downtime, financial losses, and user dissatisfaction.
Summary
The contract relies heavily on the GMX protocol for order execution and position management. If GMX experiences downtime, bugs, or governance changes, it could disrupt the functionality of the GMXProxy contract.
Vulnerability Details
for example where the contract initializes and updates GMX-related addresses
-
Proof of Concept (PoC):
GMX introduces a governance change that restricts access to leveraged trading, rendering the
GMXProxycontract non-functional.A bug in GMX's smart contracts causes losses for users of the
GMXProxycontract.
Impact
High. GMX-related issues could lead to protocol downtime, financial losses, and user dissatisfaction.
Tools Used
Recommendations
Diversify integrations with other decentralized exchanges to reduce reliance on GMX.
Monitor GMX governance proposals and updates to anticipate and mitigate potential disruptions.
Implement a fallback mechanism to pause operations if GMX experiences issues.
Lead Judging Commences
Suppositions
There is no real proof, concrete root cause, specific impact, or enough details in those submissions. Examples include: "It could happen" without specifying when, "If this impossible case happens," "Unexpected behavior," etc. Make a Proof of Concept (PoC) using external functions and realistic parameters. Do not test only the internal function where you think you found something.
Prize pool breakdown
Live
The contest is live. Earn rewards by submitting a finding.
Appeals
This is your time to appeal against judgements on your submissions.
Appeals Review
Appeals are being carefully reviewed by our judges.