On 17 July 2021, we have engaged with Omniscia for the Iron Finance farms + ICE token + BlueICE token smart contract audit.
Audit Report: https://omniscia.io/iron-finance-v2-implementation/
Our comment on Omniscia's recommendation to change the governance exit penalty design:
Currently, the design is harsher for large deposits rather than long durations. In other words, with our current model, BlueICE stakers are strongly incentivized to lock for less than 3 years since the exit penalty is the same. After discussion with our community, we will do a governance voting proposal to make the exit fee dynamic based on how long a user has locked. Therefore, the governance voting will propose to scale the penalty with the locked duration as well. This finding is not economically critical but rather design-oriented and therefore received a "medium" risk label.