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Security: Divyansh151005/solana-collateral-vault

Security

docs/security.md

Security Analysis

Threat Model

Attack Vectors

  1. Unauthorized Withdrawals

    • Risk: High
    • Mitigation: PDA-based accounts ensure only owner can withdraw
    • Status: ✅ Protected
  2. Integer Overflow/Underflow

    • Risk: High
    • Mitigation: All arithmetic uses checked_add/checked_sub
    • Status: ✅ Protected
  3. Reentrancy Attacks

    • Risk: Low (Solana transactions are atomic)
    • Mitigation: Single transaction execution model
    • Status: ✅ Protected
  4. Unauthorized Lock/Unlock

    • Risk: High
    • Mitigation: VaultAuthority PDA with authorized programs list
    • Status: ✅ Protected
  5. Race Conditions

    • Risk: Medium
    • Mitigation: Atomic transaction execution
    • Status: ✅ Protected

Access Control

Vault Operations

Operation Required Authority Protection
Initialize User (signer) ✅ PDA derivation
Deposit User (signer) ✅ Signer check
Withdraw Vault owner ✅ Owner verification
Lock Authorized program ✅ VaultAuthority check
Unlock Authorized program ✅ VaultAuthority check
Transfer Authorized program ✅ VaultAuthority check

Authority Validation

All instructions validate authority:

// Withdraw authority check
require!(vault.owner == ctx.accounts.user.key(), ErrorCode::Unauthorized);

// Lock/Unlock authority check
require!(
    vault_authority.authorized_programs.contains(&ctx.accounts.caller_program.key()),
    ErrorCode::UnauthorizedProgram
);

Balance Validation

Pre-Transaction Checks

  1. Deposit: Amount > 0
  2. Withdraw:
    • Amount > 0
    • Available balance >= amount
    • Owner verification
  3. Lock:
    • Amount > 0
    • Available balance >= amount
    • Authorized program check
  4. Unlock:
    • Amount > 0
    • Locked balance >= amount
    • Authorized program check

Integer Safety

All arithmetic operations use checked methods:

vault.total_balance = vault
    .total_balance
    .checked_add(amount)
    .ok_or(ErrorCode::Overflow)?;

This prevents:

  • Integer overflow
  • Integer underflow
  • Unexpected wraparound

PDA Security

Vault PDA

  • Derived from user's public key
  • Cannot be guessed or manipulated
  • Ensures one vault per user

Vault Authority PDA

  • Single global authority
  • Manages authorized programs
  • Prevents unauthorized CPIs

Best Practices

1. Always Validate Inputs

require!(amount > 0, ErrorCode::InvalidAmount);

2. Use Checked Arithmetic

.checked_add().ok_or(ErrorCode::Overflow)?

3. Verify Authorities

require!(vault.owner == user.key(), ErrorCode::Unauthorized);

4. Emit Events

All state changes emit events for auditability.

5. Atomic Operations

All state updates happen atomically within a single transaction.

Audit Recommendations

Code Review Checklist

  • All arithmetic uses checked operations
  • All authority checks are present
  • All balance validations are correct
  • PDA derivations are correct
  • Error codes are comprehensive
  • Events are emitted for all state changes

Testing Checklist

  • Unauthorized withdrawal attempts fail
  • Overflow/underflow scenarios are handled
  • Balance calculations are correct
  • Lock/unlock operations work correctly
  • Transfer operations are secure

Known Limitations

  1. No Withdrawal Delays: Withdrawals are immediate (can be added if needed)
  2. No Multi-Signature: Single owner per vault (can be extended)
  3. No Rate Limiting: No built-in rate limiting (handled at API level)

Future Enhancements

  1. Withdrawal Delays: Add time-locked withdrawals for security
  2. Multi-Signature Support: Enable multi-sig vaults
  3. Emergency Pause: Add pause mechanism for emergencies
  4. Withdrawal Limits: Add daily withdrawal limits

There aren't any published security advisories