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# Ojo Mellow Price Feed audit

Three Sigma · Oracles · 16th October 2024

A private security review of Ojo Network (oracles), conducted with Three Sigma and completed on 16th October 2024 over 2 days. 0xSimao disclosed 2 findings: 1 low and 1 informational.

## What Ojo is

Ojo builds oracle infrastructure, including exchange-rate feeds for liquid restaking tokens with a Morpho-compatible interface. The Mellow feed prices LRTs curated by Mellow vaults, and since those vaults hold several asset types the rate leans on the underlying TVL rather than a one-to-one peg.

## Scope

A two-day review of the Mellow feed: MellowPriceFeed and the CloneFactory that stamps out instances, with attention on how a multi-currency vault's TVL becomes a single LRT exchange rate.

## Findings

### Low

- [Hardcoded 1e18 ratio calculation regardless of decimals](https://0xsimao.com/findings/ojo-network-hardcoded-calculation-regardless-decimals)

### Informational

- [The number of underlying tokens may be modified in the Vault leading to inconsistent exchange rate](https://0xsimao.com/findings/ojo-network-number-underlying-modified-inconsistent)

## The report

[Download the report (PDF)](https://0xsimao.com/reports/2024-10-16-ojo-network.pdf)

[Protocol](https://www.ojo.network/)
