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Issue #497 'Add parameter to lender accept bid for MaxMarketFee' from previous audit is still present

MediumTeller Finance·Sherlock · Lending · 23rd April 2024CodebaseM-10

Summary

Issue #497 from the previous Sherlock audit was not fixed in the current code and is still present.

Vulnerability Detail

The vulnerability is well explain in the mentionedl link above, essentially any market owner may change the marketplace fee while frontrunning a borrower and getting more funds in return.

A PR with the fix was mentioned in the comments but it was never merged.

From the docs, the issue is valid as long as there is not a won't fix label.

Impact

Borrower pays more marketplace fees than expected due to malicious market owner.

Code Snippet

TellerV2::lenderAcceptBid()

solidity
function lenderAcceptBid(uint256 _bidId)
    ...
{
    ...
    amountToMarketplace = bid.loanDetails.principal.percent(
        marketRegistry.getMarketplaceFee(bid.marketplaceId)
    ...
}

Tool used

Manual Review

Vscode

Recommendation

The recommendation from issue #497 are good:

Add a timelock delay for setMarketFeePercent/setProtocolFee

allow lenders to specify the exact fees they were expecting as a parameter to lenderAcceptBid