Velodrome Sink Gauge v2
With a tight schedule and an important release on the line, ChainSecurity exceeded our expectations, assembling multiple internal teams and delivering a thorough, accurate report that kept us on budget and on time. We couldn’t be happier or more confident working with their team.
About Sink Gauge v2
Velodrome implements a setup to lower the need of newly minted Velo which consequently slows down or could even stop the inflation rate. This is achieved by using a special gauge contract. If users vote for this gauge, the corresponding rewards will be sent directly from the voter to the minter contract. There is also a pool without functionality and the factory contracts to correctly integrate the setup in the overall ecosystem.
Audit Summary
We could not identify any relevant issue in the code base. In summary, we find that the codebase provides a high level of security.
It is important to note that security audits are time-boxed and cannot uncover all vulnerabilities. They complement but don’t replace other vital measures to secure a project.