Delv

DeFi Yield Protocol Audit for Hyperdrive

Cantina Security Report

Organization

@element

Engagement Type

Spearbit Web3

Period

-


Yield Strategy Security Review of Hyperdrive

Hyperdrive is a DeFi protocol designed to offer capital-efficient, fixed-yield trading strategies through smart bond positions. Its architecture enables users to go long or short on yield curves, targeting predictable returns while optimizing liquidity flow and capital rotation.

To reinforce security and safeguard participant assets, Delv engaged Spearbit through Cantina for a security audits review of the Hyperdrive system. The engagement focused on liquidity accounting, bond logic, vault integration, and solvency enforcement—foundational for reliable protocol behavior.

Cantina also supports protocol hardening through bug bounty programs, crowdsourced security competitions, and multisig security, ensuring layered defense against emerging threats.


Findings

High Risk

2 findings

2 fixed

0 acknowledged

Medium Risk

7 findings

6 fixed

1 acknowledged

Low Risk

19 findings

12 fixed

7 acknowledged

Informational

36 findings

21 fixed

15 acknowledged

Gas Optimizations

8 findings

8 fixed

0 acknowledged