Submission Details
Severity:
Protocol fee rounding loss
Root + Impact
Description
-
Normally
buyOrdertakes a cut of the sale price as protocol fee then sends the rest to the seller. -
The code uses integer division, dropping any remainder dust
// @> integer division throws away dust up to PRECISION−1 units
uint256 protocolFee = (order.priceInUSDC * FEE) / PRECISION;
Risk
Likelihood:
-
Sellers can pick any USDC price
-
Rounding loss happens on each fill.
Impact:
-
Protocol revenue shrinks by the sum of discarded dust across trades
Proof of Concept
// SPDX-License-Identifier: MIT
import "./OrderBook.sol";
import "@openzeppelin/contracts/token/ERC20/ERC20.sol";
/// @notice Simple USDC mock for testing
contract USDCMock is ERC20 {
constructor() ERC20("USDC", "USDC") {
_mint(msg.sender, 1_000_000e6);
}
}
/// @notice Test token
contract TestToken is ERC20 {
constructor() ERC20("TEST", "TST") {
_mint(msg.sender, 10e18);
}
}
/// @notice Demonstrates dust loss
contract RoundingExploit {
OrderBook ob;
USDCMock usdc;
TestToken token;
constructor() {
usdc = new USDCMock();
token = new TestToken();
ob = new OrderBook(address(token), address(token), address(token), address(usdc), msg.sender);
token.approve(address(ob), type(uint256).max);
usdc.approve(address(ob), type(uint256).max);
}
function run() external {
// Seller lists 1 TEST for 33 USDC → expected fee = 0.99 → rounds down to 0
ob.createSellOrder(address(token), 1e18, 33e6, 1 days);
ob.buyOrder(1);
// totalFees == 0, seller got full 33 USDC
}
}
Recommended Mitigation
- uint256 protocolFee = (order.priceInUSDC * FEE) / PRECISION;
+ // Round up to capture all dust
+ uint256 protocolFee = (order.priceInUSDC * FEE + PRECISION - 1) / PRECISION;
uint256 sellerReceives = order.priceInUSDC - protocolFee;
Updates
Lead Judging Commences
yeahchibyke
5 months ago
yeahchibyke 5 months ago
Submission Judgement Published Assigned finding tags:
Fee can be bypassed
Protocol Suffers Potential Revenue Leakage due to Precision Loss in Fee Calculation
Rewards breakdown
nSLOC
217This contest has a flat reward structure with the following payouts:
100 EXP
20 EXP
2 EXP
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