56328 sc insight redundant require statement in eulerusdcstrategy deallocate function leads to unnecessary gas consumption

Submitted on Oct 14th 2025 at 16:38:58 UTC by @Snuggle for Audit Comp | Alchemix V3

• Report ID: #56328

• Report Type: Smart Contract

• Report severity: Insight

• Target: https://github.com/alchemix-finance/v3-poc/blob/immunefi_audit/src/strategies/mainnet/EulerUSDCStrategy.sol

• Impacts:

Description

Brief/Intro

The _deallocate function in src/strategies/mainnet/EulerUSDCStrategy.sol contains a redundant require statement that performs the same balance check twice. This leads to unnecessary gas consumption and code bloat without providing additional security benefits. The same issue exists in EulerWETHStrategy.sol contract.

Vulnerability Details

• The _deallocate function contains two identical require statements checking the same condition:

    function _deallocate(uint256 amount) internal override returns (uint256) {
        uint256 usdcBalanceBefore = TokenUtils.safeBalanceOf(address(usdc), address(this));
        vault.withdraw(amount, address(this), address(this));
        require(TokenUtils.safeBalanceOf(address(usdc), address(this)) >= amount, "Strategy balance is less than the amount needed");
        TokenUtils.safeApprove(address(usdc), msg.sender, amount);
        uint256 usdcBalanceAfter = TokenUtils.safeBalanceOf(address(usdc), address(this));
        uint256 usdcRedeemed = usdcBalanceAfter - usdcBalanceBefore;
        if (usdcRedeemed < amount) {
            emit StrategyDeallocationLoss("Strategy deallocation loss.", amount, usdcRedeemed);
        }
        require(TokenUtils.safeBalanceOf(address(usdc), address(this)) >= amount, "Strategy balance is less than the amount needed");
        return amount;
    }

• The first require statement on line 37 checks the balance after withdrawal

• The second require statement on line 44 performs the identical check before return

• Between these two checks, no USDC is spent or transferred out of the contract

• The TokenUtils.safeApprove call on line 38 does not reduce the contract's USDC balance

Impact Details

• Gas inefficiency: Unnecessary gas consumption due to redundant balance check and external call

• Code maintainability: Redundant code makes the function harder to understand and maintain

• No security benefit: The second check provides no additional security since no state changes occur between the checks

• Pattern repetition: The same redundant pattern exists in EulerWETHStrategy.sol (lines 37, 44)

• Severity: Insight (code quality issue, not a security vulnerability)

References

• src/strategies/mainnet/EulerUSDCStrategy.sol:

  • First redundant require statement

        require(TokenUtils.safeBalanceOf(address(usdc), address(this)) >= amount, "Strategy balance is less than the amount needed");

• Second redundant require statement

        require(TokenUtils.safeBalanceOf(address(usdc), address(this)) >= amount, "Strategy balance is less than the amount needed");

• src/strategies/mainnet/EulerWETHStrategy.sol:

  • Same redundant pattern exists (lines 37, 44)

        require(TokenUtils.safeBalanceOf(address(weth), address(this)) >= amount, "Strategy balance is less than the amount needed");

        require(TokenUtils.safeBalanceOf(address(weth), address(this)) >= amount, "Strategy balance is less than the amount needed");

Recommendation

Remove the redundant require statement on line 44:

function _deallocate(uint256 amount) internal override returns (uint256) {
    uint256 usdcBalanceBefore = TokenUtils.safeBalanceOf(address(usdc), address(this));
    vault.withdraw(amount, address(this), address(this));
    require(TokenUtils.safeBalanceOf(address(usdc), address(this)) >= amount, "Strategy balance is less than the amount needed");
    TokenUtils.safeApprove(address(usdc), msg.sender, amount);
    uint256 usdcBalanceAfter = TokenUtils.safeBalanceOf(address(usdc), address(this));
    uint256 usdcRedeemed = usdcBalanceAfter - usdcBalanceBefore;
    if (usdcRedeemed < amount) {
        emit StrategyDeallocationLoss("Strategy deallocation loss.", amount, usdcRedeemed);
    }
    return amount;
}

This maintains the same security guarantees while eliminating redundant gas consumption and improving code clarity.

Proof of Concept

Proof of Concept

Steps to Reproduce:

1. Call _deallocate function with any valid amount

2. Observe that both require statements execute the same balance check

3. Verify that no USDC is spent between the two checks (lines 37-44)

Expected vs Actual:

• Expected: Single balance check after withdrawal is sufficient

• Actual: Two identical balance checks are performed unnecessarily

Gas Analysis:

• Each TokenUtils.safeBalanceOf call consumes gas for external call

• Redundant check adds unnecessary gas cost to every deallocation

• No functional difference in behavior