SplitsV2

Rating

Score74.00

Currency

Sec. Infrastructure Overview

Current Bug Bounty:

No Bug Bounty

Bug Bounty Max Payout: 0 $

Has paid White Hats before:

Date of Last Audit: 1 Jan 1

Recent Security Incidents

Incident
Amount Lost
Date

Secured By

The Protocol is secured by

Name
Type
Website
0
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Past Audits

Number of Audits

1

Number of Vul. Found

8

Date of Last Audit

1 Jan 1

Past Audit Reports

Last codebase change was on: 1 Jan 1

Company
Date
Number of Vul Found
Link
1 Jan 1
0
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Vulnerabilities reported in past audits

Severity
Title
Location
Link
REDUCTED
REDUCTED
REDUCTED
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Code Structure

Lines of Code

0

Amount of Contracts

56

External Integrations

0 Code Summery

The main purpose of the application is to provide a decentralized finance (DeFi) solution for distributing funds through customizable splitters. SplitV2.1 enhances the functionality by decoupling the splitter implementation from the storage of distributed funds, allowing for various splitter types tailored to different use cases. At launch, the application offers two types of splitters: "Push" and "Pull," each with specific compatibility limitations regarding token types. Users should be cautious of gas limits when creating large splits, as exceeding these limits may result in locked funds, and the allocation of shares can lead to rounding issues that may financially impact recipients. Additionally, it is advised against setting withdrawal incentives for pull splits to prevent potential exploitation by malicious actors.

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Code Structure & Dependency

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Centralization

Decentralization Score

18 out of 20

Contract Upgradability

No upgradability

Frontend

Go to Dapp

Maintenance Score

2.00

Poor

Excellent

Admin / Governance Functions

Timelocks

Uses Timelocks

Pauseability

Can be paused

Admin Wallet

0x

No Timelocks

Recommendations

USDT on Mainnet is not an ERC20 token, which means it'not compatible with Splits V2.0. Pull Splits do not work with non-transferable, fee-on-transfer, and rebasing tokens. Non-transferable tokens will be stuck in the Split forever, unless the Split has an owner which can issue a transaction to somehow make the tokens transferable (e.g. unwrapping BLUR.) Fee-on-transfer tokens will distribute, but not all recipients will be able to withdraw their share. If a rebasing tokens supply decreases, not all recipients will be able to withdraw their share. If the supply increases, the incremental yield will be lost and stuck in Split Main. Push Splits do not work with non-transferable tokens. Non-transferable tokens will be stuck in the Split forever, unless the Split has an owner which can issue a transaction to somehow make the tokens transferable (e.g. unwrapping BLUR.)

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