Softstack Finalizes Smart Contract Audit for Strobe Protocol’s Cross-Chain Money Market on XRPL EVM.
Client: Strobe Finance
Project: Cross Chain Money Market XRPL EVM
Industry: Web3
Service: Smart Contract Audit
Strobe Protocol is redefining DeFi for XRP holders, bridging the XRPL ecosystem with EVM-compatible environments using secure cross-chain communication via Axelar. The platform enables users to lend, borrow, and participate in vault-based yield strategies while preserving full composability across chains.
Key Audit Focus Areas
The audit covered mission-critical components of the protocol including:
Cross-Chain Messaging Integrity
Auditing Axelar-based GMP flows to ensure state consistency, prevent spoofing, and avoid fund desyncs.
Lending & Borrowing Logic
Reviewing all withdrawal, borrow, repay, and liquidation flows for security and accounting accuracy.
Oracle & Interest Rate System
Validating price feed integrity and interest rate curve enforcement to ensure proper risk management.
Edge-Case Defense
Testing DoS risks, state reentrancy, and gas-scaling impacts on core pool functions.
Key Findings and Resolutions
All vulnerabilities were remediated with appropriate mitigations
Notable findings and fixes include:
- Cross-chain state handling safeguard to prevent ledger inconsistencies on failed token transfers
- Oracle validation and staleness checks to avoid price manipulation or liquidation errors
- Post-liquidation reserve accounting bug patched
- ERC-20 decimals check added to avoid DoS on reserves
This collaboration reinforces the importance of security in DeFi. With Softstack’s audit complete, Strobe Protocol is now ready to enter production with improved resilience and cross-chain safety.
Read the full audit report here
Learn more about Strobe: https://strobe.finance
