mediumLogic errorEVM-Solidity
DYAD: No incentive to liquidate when `CR <= 1` as asset received `<` dyad burned
- Payout
- $0
- Protocol
- DYAD
- Disclosed
- Jun 17, 2024
- Source
- code4rena
DYAD's VaultManagerV2.liquidate() has no economic incentive to close positions whose collateral ratio has fallen below one. Because the liquidation math caps the effective collateral ratio at 1e18, the liquidator must burn the full minted DYAD debt while recei …
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References
- https://github.com/code-423n4/2024-04-dyad-findings/issues/977
- https://github.com/code-423n4/2024-04-dyad-findings
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