Submission Details
Severity:
veRAACShare is distributed to gauges.
Bug description
distributeRevenue is used to distribute revenue between veToken holders and gauges.
function distributeRevenue(
GaugeType gaugeType,
uint256 amount
) external onlyRole(EMERGENCY_ADMIN) whenNotPaused {
if (amount == 0) revert InvalidAmount();
uint256 veRAACShare = (amount * 80) / 100; // 80% to veRAAC holders
uint256 performanceShare = (amount * 20) / 100; // 20% performance fee
revenueShares[gaugeType] += veRAACShare;
_distributeToGauges(gaugeType, veRAACShare);
emit RevenueDistributed(
gaugeType,
amount,
veRAACShare,
performanceShare
);
}
We can see that the function calculates the share veToken holders and gauges should receive. However, the function distributes veRAACShare, which is veToken share, to gauges and does not distribute anything to veToken holders.
Impact
veToken holders share is distributed to gauges and veToken holders do not receive any revenue.
Recommended Mitigation
Distribute veRAACShare to veToken holders.
Prize pool breakdown
Total prize
77,280 USDC
nSLOC
3,86420
USDC / LOC
74,000
3,280
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