Visor (VISR)

Basics

• Based in:
• Started in / Announced on:
• Testnet release:
• Mainnet release: 5-2021

Audits & Exploits

• No evidence of a Bug Bounty program was found in their documentation or in further web searches (15-9-2021).
• Scored a 23% on DeFi Safety (15-9-2021):

"Certik published a Visor Finance audit report on July 7th 2021, which is after their Hypervisor mainnet launch in late May. Two items of concern from the audit. First re-entracy risks exist and were not resolved. Second the Owner has very high power."

With the comment: "Visor Finance is up with a 39%. Good idea but limited transparency, which limits trust.  Limited testing, but they have an audit, which helps. Please tell us how much control the devs have and the Access Controls score can go up."

Bugs/Exploits

• From Rekt (22-12-2021):

Visor allowed certain contracts to mint unlimited rewards. Yesterday an anonymous actor took advantage of this gift, and withdrew 8.8M VISR from the platform, worth $8.2M at pre-hack prices. Back in June, Visor, a liquidity management protocol for Uni v3, downplayed the loss of $500k (of its then $3M TVL) in a security breach. In their official post-mortem, Visor has proposed a token migration based on a snapshot before the exploit. “We are engaged with both Quantstamp and ConsenSys Diligence for December and January audits and this new staking contract will be included. As the users are to be refunded, it seems the only damage done is to the reputation of the Visor team.”

• From Week in Ethereum (4-12-2021):

"Visor Finance user pool & test pools exploited, spot price manipulation, user funds reimbursed from treasury."

Governance

Admin Keys

• From DeFi Safety (15-9-2021):

"No admin access control information was found in the documentation. There is no evidence of a Pause Control or similar functions in the documentation."

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on:

Roadmap

• Can be found [Insert link here].

Team, Funding and Partners

Team

• Full team can be found [here].

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