GovNFT

NFT Governance Contract Audit for Velodrome

Cantina Security Report

Organization

@govnft

Engagement Type

Cantina Reviews

Period

-


NFT-Based Governance Infrastructure Review of Velodrome

Velodrome is a next-generation AMM on Optimism, combining design elements from Uniswap, Curve, and Convex. Its governance system leverages govNFTs to direct token emissions, distribute protocol fees, and manage voting power through lock-based mechanics.

To ensure the safety of this infrastructure, Velodrome engaged Cantina for a focused security audits review of its NFT-based timelocks and vaults. The scope included frontrun protection, delegation logic, split behavior, and NFT transfer mechanisms under marketplace conditions.

Cantina’s review helps secure protocols operating at the intersection of DeFi and NFT governance.
Additional solutions like bug bounty programs, crowdsourced security competitions, and multisig security are also available to support ongoing resilience and threat mitigation.


Findings

Medium Risk

3 findings

3 fixed

0 acknowledged

Low Risk

7 findings

6 fixed

1 acknowledged

Informational

8 findings

4 fixed

4 acknowledged

Gas Optimizations

4 findings

3 fixed

1 acknowledged