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.

395KB

Ethena x Zellic - Audit Report

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Quantstamp Audit on v1 of contracts

Attached is the audit report by Quantstamp completed on 18 Oct 2023. No critical or high level issues were identified.

887KB

Ethena x Quantstamp - Audit Report

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Spearbit Audit on v1 of contracts

Attached is the audit report by Speabit completed on 18 Oct 2023. No critical or high level issues were identified.

515KB

Spearbit x Ethena - Audit Report

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Independent Audit by Pashov on v1 of contracts

Attached is the audit report by Pashov completed on 22 Oct 2023. No critical or high level issues were identified.

217KB

Ethena x Pashov - Audit Report

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Public Code4rena Audit on v1 of contracts

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

Ethena Labs Audit | Code4renaCode4rena | Keeping high severity bugs out of production

Independent Audit by Pashov on ENA and LP staking contracts

Attached is the audit report by Pashov completed on December 22nd 2023.

438KB

Ethena-security-review (1).pdf

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Independent Audit by Pashov on V2 of contracts

Attached is the audit report by Pashov completed on May 23th 2024.

676KB

v2-audit.pdf

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Economics Audit and Risk Analysis by Chaos Labs on System Design

2MB

Chaos Labs - Ethena LST Market Risk Analysis

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5MB

Chaos Labs - Ethena Perpetual Assessment Report Final.pdf

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2MB

Chaos Labs - USDe On Chain Liquidity Assessment

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Independent Audit by Pashov on Staked ENA (sENA)

Attached is the audit report by Pashov completed on 2 Sept 2024. No critical or high level issues were identified.

936KB

Ethena x Pashov - SENA Audit Report.pdf

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Quantstamp Audit on USDTB

Attached is the audit report by Quantstamp completed on 25 Oct 2024. No critical or high level issues were identified.

2MB

Ethena x Quantstamp - USTB.pdf

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Cyfrin Audit on USDTB

Attached is the audit report by Cyfrin completed on 31 Oct 2024. No critical or high level issues were identified.

201KB

Ethena x Cyfrin - USTB.pdf

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Independent Audit by Pashov on USDTB

Attached is the audit report by Pashov completed on 20 Oct 2024. No critical or high level issues were identified.

994KB

Ethena x Pashov - USTB.pdf

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