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Audits

Security is the most important focus
At Ethena, the integrity of our smart contracts is paramount. We maintain this by conducting comprehensive audits, which help identify potential vulnerabilities, logical errors, or inefficiencies. These rigorous audits, carried out by industry experts, fortify our security and seek to increase trust in the platform.

Approach to Audits

Ethena has undertaken a multi-phased audit program to ensure the highest level of security on the procotol.
Phase 1: conducted initial audit with Zellic on the v1 of the protocol where no critical or high level vulnerabilities were found. Phase 2: architecture design review and economic risk factor analysis with Spearbit's Kurt Barry former Lead Engineer at MakerDAO
Phase 3: phased audit with industry leading firms: -Quantstamp -Spearbit & Cantina Phase 4: independent audit with Pashov with individual experience of over 50 audits
Phase 5: public audit with Code4rena
Phase 6: economic and financial risk audit by Chaos Labs​
Phase 7: upcoming public bug bounty program with Immunefi​

Reports

Zellic Audit on v1 of contracts

Our initial audit on the first version of the contracts was performed by ​
Zellic
and was a success in that no critical, or high vulnerabilities were identified. The small and medium-level feedback and optimisations were reviewed and patched during the audit cycle.
Ethena x Zellic - Audit Report
395KB
PDF

Quantstamp Audit on v2 of contracts

Attached is the audit report by Quantstamp completed on 18 Oct 2023. No critical or high level issues were identified.
Ethena x Quantstamp - Audit Report
887KB
PDF

Spearbit Audit on v2 of contracts

Attached is the audit report by Speabit completed on 18 Oct 2023. No critical or high level issues were identified.
Spearbit x Ethena - Audit Report
515KB
PDF

Independent Audit by Pashov on v2 of contracts

Attached is the audit report by Pashov completed on 22 Oct 2023. No critical or high level issues were identified.
Ethena x Pashov - Audit Report
217KB
PDF

Public Code4rena Audit on v2 of contracts

Attached is the audit report by Code4rena completed on 13 Nov 2023. No critical or high level issues were identified.

Economics Audit and Risk Analysis by Chaos Labs on System Design

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Chaos Labs - Ethena LST Market Risk Analysis
2MB
PDF
Chaos Labs - Ethena Perpetual Assessment Report Final.pdf
5MB
PDF
Chaos Labs - USDe On Chain Liquidity Assessment
2MB
PDF
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Last modified 16d ago