Arcade.xyz V4 competition

Competition at a glance

Thursday, February 22nd 20:00 UTC to Thursday, March 7th 20:00 UTC
Total Prize Pool: $60,000

What is Arcade

Arcade.xyz is the first of its kind Web3 platform to enable liquid lending markets for NFTs. At Arcade.xyz, we think all assets will eventually become digitized and that NFTs represent a 0 to 1 innovation in storing value and ownership attribution for unique digital assets.

Arcade.xyz's focus is on building primitives, infrastructure, and applications enabling the growth of NFTs as an asset class. As such, the first product we released is an innovative peer to peer lending marketplace that allows NFT owners to unlock liquidity on baskets of NFTs on Ethereum. Lenders that hold stablecoins or ERC20 tokens can participate in a new source of DeFi yield by underwriting term loans collateralized by borrowers' NFTs.

Arcade.xyz is our end user application that strives to become the premier liquidity venue for NFTs, via a protocol for NFT collateralized loans with flexible terms. Today NFTs are largely digital representations of artwork and media content, however, our belief is that in the not so distant future NFTs will encompass digital rights, metaverse assets, and digital identity.

For more information about Arcade.xyz, please visit docs.arcadedao.xyz/docs.

Prize distribution and scoring

Scoring described in the competition scoring page.
Findings Severities described in detail on our docs page.
Only High and Medium findings would be accepted.

Documentation

Scope

Repository: github.com/arcadexyz/arcade-protocol
Commit: d5744c758f198df4c62a8eb6d9b07ef08eeb00f6
Total LOC: 1694
Chains to be deployed: Ethereum, Base

File	blank	comment	code
contracts/LoanCore.sol	129	361	451
contracts/RepaymentController.sol	38	97	106
contracts/origination/OriginationController.sol	77	230	313
contracts/origination/OriginationControllerMigrate.sol	71	183	246
contracts/origination/RefinanceController.sol	31	54	125
contracts/origination/OriginationConfiguration.sol	39	77	101
contracts/origination/OriginationCalculator.sol	16	54	89
contracts/libraries/OriginationLibrary.sol	30	91	158
contracts/libraries/InterestCalculator.sol	11	60	58
contracts/libraries/LoanLibrary.sol	7	79	47
SUM:	449	1286	1694

Out of scope

Out of scope detailed in AuditScope.md
Any Known gotchas are considered out of scope
Automated findings from 4naly3er.

Build Instructions

The project builds as follows

// clone the repo

git clone https://github.com/arcadexyz/arcade-protocol.git

cd arcade-protocol

// install dependancies

yarn install

// compile contracts

yarn compile

// run test suite

yarn test

Basic Proof Of Concept test

Reference the test/Integration.ts test suite. The test fixture provides all necessary lending protocol contracts. You can also utilize the mock contracts in contracts/test/ folder if you need to deploy mocks. Additionally, you can utilize the migration scripts in scripts/v3-migration/ for POC’s related to the V3 migration flows.

Contact Us

For any issues or concerns regarding this competition, please reach out to core-team on discord.

Arcade.xyz / arcadexyz/arcade-protocol