Project Information
CATEGORY
Cross-Chain Protocols & Bridges
NETWORK
Cross-chain
WEBSITE
https://www.primeprotocol.xyz/
DESCRIPTION
From September 1 to September 21, Prime engaged Veridise to review the security of their Prime Protocol. The review covered the on-chain contracts that implement the protocol logic. Veridise conducted the assessment over 9 person-weeks, with 3 engineers reviewing code over 3 weeks. The auditing strategy involved tool-assisted analysis of the source code performed by Veridise engineers as well as extensive manual auditing.
Audit Report
SCOPE
This audit reviewed the on-chain behaviors of the Prime Protocol, including user behaviors on satellite chains, middle layer communication between satellite chains and the master, as well as master chain internal behaviors and liquidations. As such, Veridise auditors first reviewed the provided whitepaper and documentation to understand the desired behavior of the protocol as a whole. Then, the auditors inspected the provided tests to better understand the desired behavior of the provided contracts at a more granular level. Finally, auditors began a multi-week manual audit of the code assisted by both static analyzers and automated testing.
The audit focused on the following components in particular:
- Borrowing and lending logic.
- Cross-chain message sending and validation.
- Interest rates and incentives.