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Elfi: If stable tokens depeg, short funding fees will not be accounted properly

Payout
$0
Protocol
Elfi
Disclosed
Jun 20, 2024
Source
sherlock

Elfi's perpetual-futures funding-fee accounting uses a Masterchef-style per-quantity accumulator that is asymmetric: long positions accrue in the base token, but the short-side accumulator is denominated in USD and only converted to the margin token at the cur …

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