Issues:

Ammalgam-1 Preliminary Audit Report (external, private)

Issue Fix Commit / Response
[C-1] Repayment of debt can be skipped in hard liquidations f25a380e9e7b1d0465c35b7251647279016f9b4b
[H-1] Mint and burn operations should affect liquidation price and saturation
https://github.com/Ammalgam-Protocol/core-v1/pull/771/commits/ac3b5ccfe52cf0b00d0522555fc1357f169bba3b
[H-2] Additional assets can be rewarded for soft liquidations
[H-3] Users can grief token transfers to consume excessive gas
[H-4] Saturation penalties not accounted for in LTV and liquidation calculations e8e793c3073e7ea9a45c7c5c3e9be8ed8719e1c0
[M-1] Saturation calculation may be inaccurate as active liquidity changes
[Q-1] Liquidations should include a parameter to send assets to https://github.com/Ammalgam-Protocol/core-v1/pull/767/commits/64ab5cce620f691f839ee42fa30ff67aafe61ee3
[I-1] Users should be cautious borrowing from illiquid pools or pools with centralized liquidity providers acknowledged
[I-2] Small debt positions may not be profitable to liquidate acknowledged