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# Mento: Case Study

1 review · 1 report · 5 findings

> “We had the opportunity to work with 0xSimao as the Lead Senior Watson for the Mento x Good$ Integration audit. He identified multiple issues with exceptional thoroughness and ensured that each one was properly addressed and mitigated. We would be glad to work with him again in the future.”

**What it is.** Mento issues local-currency stablecoins on Celo, exchanging them against reserve collateral through pricing modules.

**What was reviewed.** One competition on a protocol update, October 2024, first place.

## What was found

5 findings, all of them medium severity, and between them every issue the competition surfaced: nothing raised by another participant was missed.

## Featured finding

Mento issues GoodDollar, a basic-income currency, by moving funds into a reserve and minting against them. The mint could be called at a moment when it issues nothing, so the funds arrived in the reserve with no currency created for them and no way back out.

[See the whole finding](https://0xsimao.com/findings/mento-frontrun-mint-ubi-stuck)

## Engagement history

| Date | Kind | With | Findings | Report |
|---|---|---|---|---|
| 2024-10-24 | Competition · #1 | Sherlock | [5](https://0xsimao.com/findings#mento-2024-10-24) | [report](https://github.com/0xsimao/audits/blob/main/Sherlock/contests/2024-10-24-mento.md) |
