Core Contracts

Regnum Aurum Acquisition Corp
HardhatReal World AssetsNFT
77,280 USDC
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Submission Details
Severity: medium
Invalid

BalanceIncrease not implemented correctly

Overview

Once a user deposits a balanceIncrease based on the liquidity Index is calculated if they are not a new user

uint256 balanceIncrease = 0;
if (_userState[onBehalfOf].index != 0 && _userState[onBehalfOf].index < index) {
balanceIncrease = scaledBalance.rayMul(index) - scaledBalance.rayMul(_userState[onBehalfOf].index);
}

However, this balance increase is never added to their amount which makes user lose their accrued amounts

function mint(
address caller,
address onBehalfOf,
uint256 amountToMint,
uint256 index
) external override onlyReservePool returns (bool, uint256, uint256, uint256) {
if (amountToMint == 0) {
return (false, 0, 0, 0);
}
uint256 amountScaled = amountToMint.rayDiv(index);
if (amountScaled == 0) revert InvalidAmount();
uint256 scaledBalance = balanceOf(onBehalfOf);
bool isFirstMint = scaledBalance == 0;
uint256 balanceIncrease = 0;
if (_userState[onBehalfOf].index != 0 && _userState[onBehalfOf].index < index) {
balanceIncrease = scaledBalance.rayMul(index) - scaledBalance.rayMul(_userState[onBehalfOf].index);
}
_userState[onBehalfOf].index = index.toUint128();
@>> _mint(onBehalfOf, amountToMint.toUint128());
emit Mint(caller, onBehalfOf, amountToMint, index);
return (isFirstMint, amountToMint, totalSupply(), amountScaled);
}

Mint only contains the amountToMint, this is not accurate as it should also contain the amount that user earned during the different indexes.

Impact

Loss of funds

recommendation

The amountToMint should also contain the balanceIncrease

_mint(onBehalfOf, (balanceIncrease + amountToMint).toUint128());
Updates

Lead Judging Commences

inallhonesty Lead Judge 3 months ago
Submission Judgement Published
Invalidated
Reason: Incorrect statement
Assigned finding tags:

RToken::mint calculates balanceIncrease (interest accrued since last interaction) but never mints it, causing users to lose earned interest between deposits

The balanceIncrease is the interest that has already accrued on the user's existing scaledBalance since their last interaction. It's not something you mint as new tokens in the _mint function.

inallhonesty Lead Judge 3 months ago
Submission Judgement Published
Invalidated
Reason: Incorrect statement
Assigned finding tags:

RToken::mint calculates balanceIncrease (interest accrued since last interaction) but never mints it, causing users to lose earned interest between deposits

The balanceIncrease is the interest that has already accrued on the user's existing scaledBalance since their last interaction. It's not something you mint as new tokens in the _mint function.

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