Blend v2 Contracts Audit Package - March 2025

Repo

git clone git@github.com:code-423n4/2025-02-blend.git

Tours

Core Architecture and Data Structures

Reserve Management: Interest Rates and Asset Accounting

Dynamic Interest: Utilization-Based Rates & Accrual

Position Tracking and Health Factor Management

Price Oracle Integration: Health Factor Calculations

User Lending & Borrowing Operations: Core Functionality

Dutch Auctions: Liquidations and Bad Debt Management

Backstop: Bad Debt Protection and Recovery

Fee Vault Deep Dive: Architecture and Implementation

Flash Loans: Implementation and Security Mechanisms

Emissions System: Share-Based Reward Distribution

Pool Status Management and Admin Controls