FYEO Completes 3A DAO Security Assessment
3A DAO engaged FYEO to perform a secure code review of the 3A Borrowing Protocol.
Update: Read announcement for 3A DAO | FYEO Partnership
3A is an open-source DeFi project governed by a DAO. They are building a Lending Protocol with enterprise-grade security to offer liquidity for digital assets and Real-World Assets (RWA) on-chain. 3A provides WEB3 protocols and projects with the opportunity to establish deep liquidity for their native tokens at zero interest. The lending protocol provides an over-collateralized EUR-soft pegged stablecoin, along with other premium services. During our review, the smart contracts associated with 3A we found were well crafted, reflecting high quality and adherence to best security practices.
The FYEO Process
When FYEO performs an assessment, we focus on the code committed at a specific time when the code base is feature complete.
Our goal is to give our clients the following:
A better understanding of its security posture and help them identify current and future risks in its deployed chain & contract infrastructure.
An opinion on what security measures are in place regarding maturity, adequacy, and efficiency.
Identify potential issues, including loss of funds scenarios, and include improvement recommendations based on the result of our assessment.
Give the development team a better understanding of writing and maintaining more secure code. The incremental increase of security is part of the overall increased quality of the project.
Findings & Report
During the Secure Code Review of the 3A Borrowing Protocol, we discovered:
4 findings with MEDIUM severity rating.
2 findings with LOW severity rating.
Following the audit, the 3A DAO team worked in conjunction with the FYEO team to remediate all security vulnerabilities identified.
Please see the attached full report to learn more!