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Assessment reports>Chainflip Backend>Threat Model>Function: `on_initialize`
GeneralOverview
Findings
Critical (1)
High (1)
Medium (1)
DiscussionLack of broker fee limitsERC-20 transfer reversions result in stuck fundsType conversion could lead to fund loss
Threat ModelWhat are threat models?1-cf-lp
2-cf-poolsPallet: cf-poolsFunction: `update_buy_interval`Function: `update_pool_enabled`Function: `new_pool`Function: `update_range_order`Function: `set_range_order`Function: `update_limit_order`Function: `set_limit_order`Function: `set_pool_fees`Function: `on_initialize`
3-cf-swapping4-cf-witnesser5-engine
Audit ResultsSummary

Function: on_initialize

The on_initialize hook is called on block initialization. The hook periodically swaps USDC from collected fees for FLIP, burning the resulting FLIP. This results in deflationary pressure, increasing the value of FLIP.

Swaps are performed at an interval that can be configured by governance using the update_buy_interval function.

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