mediumLogic errorEVM-Solidity
Plaza Finance: Protocol mechanics incorrectly assume 1 USDC will always be worth 1 USD
- Payout
- $0
- Protocol
- Plaza Finance
- Disclosed
- Jan 23, 2025
- Source
- sherlock
Plaza Finance's mint and redeem pricing assumes a rigid 1 USDC equals 1 USD peg, which underpins its design goal of pegging bondETH to 100 USDC. The pool's collateral level is computed as TVL (denominated in USD via the reserve-token oracle) divided by bond su …
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References
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