DeFi Bond Protocol Audit for Hyperdrive

Fixed Yield Infrastructure Review of Hyperdrive

Hyperdrive is a DeFi protocol developed by Delv that introduces a new automated market maker (AMM) model for fixed and variable yield trading. The system enables users to engage in yield curve strategies without requiring LPs to roll over capital, aiming for improved efficiency and deeper market symmetry.

Delv engaged Spearbit through Cantina to perform a comprehensive security audits review of the Hyperdrive codebase. This audit focused on identifying systemic risks, improving bond and share accounting, and ensuring safe liquidity provisioning across maturities and trade flows.

Cantina also helps teams strengthen protocol defenses through bug bounty programs, crowdsourced security competitions, and multisig security, offering continuous layers of protection beyond point-in-time reviews.