highOracle manipulationEVM-Solidity
Ondo Finance: `OUSGInstantManager` will allow excessive `OUSG` token minting during `USDC` depeg event
- Payout
- $0
- Protocol
- Ondo Finance
- Disclosed
- Apr 24, 2024
- Source
- code4rena
The OUSGInstantManager contract contains a logic flaw where it assumes USDC is always worth exactly 1 USD during the minting of OUSG tokens. Because the protocol does not utilize a price oracle for the input collateral, it is susceptible to value extraction du …
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References
- https://github.com/code-423n4/2024-03-ondo-finance-findings/issues/278
- https://github.com/code-423n4/2024-03-ondo-finance-findings
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