Ethos Reserve audit contest
A public audit contest on Code4rena (CDP stablecoin), completed on 16th February 2023. 0xSimao placed #28. His findings from it are not published individually.
What Ethos Reserve is
Ethos Reserve is a CDP stablecoin in the Liquity lineage: users open troves against ETH and BTC collateral to mint ERN, with individual and total collateralisation ratios gating operations, a stability pool absorbing liquidations, and a recovery mode that tightens the rules when the system-wide ratio falls below the critical threshold.
Unlike its ancestor, the collateral is not idle: deposits are routed into yield-bearing vaults, and the yield subsidises the system, which makes the accounting between troves, the active pool and the vaults the heart of the system.
Scope
The Ethos Reserve core: troves, the active and stability pools, the yield-routing vaults and the recovery-mode logic.
The contest