Fixed Yield Protocol Audit for Hyperdrive

AMM-Based Yield Protocol Assessment of Hyperdrive

Hyperdrive is a fixed-yield AMM protocol developed by Delv that introduces capital-efficient mechanisms for yield curve trading. Its design enables users to open and close bond positions without requiring LP rollover, while enforcing solvency through a novel checkpoint system.

To support secure deployment, Delv partnered with Spearbit via Cantina for a security audits review of Hyperdrive’s latest upgrades. The audit examined APR circuit breaker logic, weighted price calculations, reward routing, and internal math safeguards.

Cantina also offers extended protection through bug bounty programs, crowdsourced security competitions, and multisig security, helping protocols like Hyperdrive maintain long-term integrity and upgrade readiness.