Delv Hyperdrive Smart Contract Audit

Cantina Security Report

Organization

@element

Engagement Type

Spearbit Web3

Period

-


Security Review of Hyperdrive: Delv’s Yield-Centric AMM Protocol

Cantina collaborated with Spearbit, to review Hyperdrive—a novel AMM developed by Delv that enables fixed and variable yield positions without requiring LP rollover. Designed for capital efficiency, Hyperdrive reimagines liquidity management through symmetrical yield exposure and on-demand terms.

This audit supported Delv’s efforts to launch a robust, flexible infrastructure for DeFi participants, where the security of underlying smart contracts is foundational to user trust and systemic resilience. Spearbit’s expert-led process enabled deep review of Hyperdrive’s architecture, with a focus on protecting innovative design patterns and financial primitives.

This engagement was delivered through Cantina’s security audits solution. To learn how teams like Delv leverage top-tier researchers through crowdsourced security competitions and bug bounty programs, explore Cantina’s broader ecosystem of trust-driven security offerings.


Findings

Critical Risk

1 findings

1 fixed

0 acknowledged

Medium Risk

2 findings

2 fixed

0 acknowledged

Low Risk

5 findings

4 fixed

1 acknowledged

Informational

12 findings

8 fixed

4 acknowledged

Gas Optimizations

2 findings

2 fixed

0 acknowledged