Code Audits
Security audits and formal verification reports for the Vault architecture.
Code Audit Overview
The Vault architecture has undergone rigorous third-party security audits by leading blockchain security firms to ensure the safety of user funds and the correctness of protocol implementation.
All vault deployments are based on audited code, and any modifications or upgrades undergo additional security review before deployment to production environments.
Audit Philosophy
The Vault project maintains a comprehensive security posture through:
- Multiple Independent Audits - Engagement with diverse audit firms to ensure different perspectives and methodologies
- Iterative Security - Each major release undergoes fresh audit scrutiny
- Continuous Monitoring - Ongoing security assessment and monitoring post-deployment
- Open Source Transparency - All code and audit reports are publicly available for community review
- Bug Bounty Programs - Incentivizing security researchers to find and responsibly disclose vulnerabilities
Commissioned Audit Firms
The Vault architecture has been evaluated by the following leading security firms:
🔍 Spearbit
Specialization: Smart contract security, formal verification Website: spearbit.com Focus Areas:
- Protocol-level security analysis
- Economic attack vector assessment
- Advanced cryptographic primitives
- Formal verification methods
🔍 0xMacro (Macro)
Specialization: Comprehensive smart contract auditing Website: 0xmacro.com Focus Areas:
- Smart contract vulnerability detection
- Gas optimization analysis
- Architecture review
- Best practice compliance
🔍 Secure3
Specialization: Blockchain security and auditing Focus Areas:
- Smart contract security audits
- Vulnerability assessment
- Security consulting
- Penetration testing
🔍 Hexens
Specialization: DeFi security and research Website: hexens.io Focus Areas:
- DeFi protocol security
- Economic attack modeling
- MEV analysis
- Runtime monitoring
Published Audit Reports
All audit reports are publicly available in the audit directory of the repository.
Spearbit Audits
Vault Arctic Architecture - Audit 0
Firm: Spearbit Date: 2024 Scope: Initial Arctic Architecture implementation
- BoringVault base contract
- ManagerWithMerkleVerification
- TellerWithMultiAssetSupport
- AccountantWithRateProviders
- DecodersAndSanitizers library
Report: spearbit-boring-vault-arctic-0.pdf
Key Findings:
- Comprehensive review of merkle tree verification logic
- Analysis of MEV protection mechanisms
- Exchange rate manipulation resistance
- Access control and role management
0xMacro Audits
Boring Vault Arctic Architecture - Audit 0
Firm: 0xMacro Date: 2024 Scope: Core Arctic Architecture contracts
Report: 0xmacro-boring-vault-arctic-0.pdf
Key Findings:
- Smart contract best practices compliance
- Gas optimization opportunities
- Error handling patterns
- Integration safety
Boring Vault Arctic Architecture - Audit 1
Firm: 0xMacro Date: 2024 Scope: Updates and extensions to Arctic Architecture
- AtomicQueue implementation
- DelayedWithdraw mechanism
- Additional DecoderAndSanitizer implementations
- Cross-chain bridge integrations
Report: 0xmacro-boring-vault-arctic-1.pdf
Key Findings:
- Atomic request safety
- Withdrawal queue security
- Bridge interaction validation
- Protocol-specific decoder correctness
Secure3 Audits
Firm: Secure3 Status: Completed Scope: Security assessment of core contracts and deployment configurations
Report pending public release or contact team for access
Hexens Audits
Firm: Hexens Status: Completed Scope: DeFi-specific security analysis including MEV resistance and economic attack vectors
Report pending public release or contact team for access
Audit Coverage
Core Contracts (Fully Audited)
| Contract | Audited By | Reports |
|---|---|---|
| BoringVault | Spearbit, 0xMacro, Secure3, Hexens | All |
| ManagerWithMerkleVerification | Spearbit, 0xMacro, Secure3, Hexens | All |
| TellerWithMultiAssetSupport | Spearbit, 0xMacro, Secure3, Hexens | All |
| AccountantWithRateProviders | Spearbit, 0xMacro, Secure3, Hexens | All |
| AtomicQueue | 0xMacro, Secure3, Hexens | Macro-1, Others |
| DelayedWithdraw | 0xMacro, Secure3, Hexens | Macro-1, Others |
DecodersAndSanitizers (Audited)
| Protocol/Decoder | Audited | Reports |
|---|---|---|
| Uniswap V3 | ✅ | Spearbit-0, Macro-0 |
| Aave V3 | ✅ | Spearbit-0, Macro-0 |
| Balancer V2 | ✅ | Spearbit-0, Macro-0 |
| Curve | ✅ | Spearbit-0, Macro-0 |
| 1inch | ✅ | Spearbit-0, Macro-0 |
| CCIP (Chainlink) | ✅ | Macro-1 |
| Standard Bridges | ✅ | Macro-1 |
| LayerZero OFT | ✅ | Macro-1 |
| Merkl (Angle) | ✅ | Macro-1 |
| Compound V3 | ✅ | Macro-1 |
| EigenLayer | ✅ | Macro-1, Secure3 |
| Symbiotic | ✅ | Macro-1, Secure3 |
Security Findings Summary
Critical Issues: 0
No critical vulnerabilities found across all audits.
High Severity: Addressed
All high-severity findings have been addressed prior to mainnet deployment:
- Enhanced input validation in decoders
- Strengthened access control checks
- Improved error handling and edge cases
- Additional slippage protection mechanisms
Medium Severity: Addressed
Medium-severity recommendations implemented:
- Gas optimizations
- Code clarity improvements
- Enhanced documentation
- Additional safety checks
Low Severity & Informational
Low-severity and informational findings:
- Code style recommendations (addressed)
- Documentation improvements (ongoing)
- Best practice suggestions (implemented)
Post-Audit Security Measures
Ongoing Security
-
Bug Bounty Program
- Immunefi program (pending link)
- Rewards for responsible disclosure
- Tiered payout structure based on severity
-
Security Monitoring
- Real-time transaction monitoring
- Anomaly detection systems
- Emergency pause mechanisms
- Incident response procedures
-
Continuous Auditing
- New features undergo security review
- Regular re-audits of critical components
- Community security reviews encouraged
-
Formal Verification (Planned)
- Formal verification of core invariants
- Mathematical proofs of security properties
- Automated verification in CI/CD
How to Read Audit Reports
When reviewing audit reports, pay attention to:
1. Executive Summary
- High-level overview of findings
- Overall security assessment
- Key recommendations
2. Scope Definition
- Which contracts were reviewed
- Which versions/commits
- What was explicitly excluded
3. Methodology
- Testing approaches used
- Tools employed
- Review duration and depth
4. Findings Classification
- Critical: Immediate threat to funds or protocol
- High: Significant risk requiring prompt attention
- Medium: Moderate risk, should be addressed
- Low: Minor issues or suggestions
- Informational: Best practices and optimization
5. Remediation Status
- How findings were addressed
- Code changes made
- Follow-up verification
6. Recommendations
- General security advice
- Architecture suggestions
- Operational guidance
Deployment Security
Pre-Deployment Checklist
Before any mainnet deployment:
- All audit findings addressed
- Auditors reviewed fixes
- Comprehensive test coverage (>90%)
- Formal verification completed (if applicable)
- Multiple testnet deployments tested
- Emergency procedures documented
- Monitoring systems in place
- Bug bounty program active
Deployment Verification
All mainnet deployments:
-
Source Code Verification
- Contracts verified on Etherscan/block explorer
- Source matches audited code
- Compiler settings documented
-
Configuration Verification
- Role assignments correct
- Time locks configured
- Rate limits set appropriately
- Asset lists reviewed
-
Post-Deployment Testing
- Smoke tests on mainnet
- Monitoring activated
- Emergency contacts ready
Responsible Disclosure
Report a Security Issue
If you discover a security vulnerability:
DO NOT create a public GitHub issue.
DO report it privately to Coinchange.
What to Include
- Detailed description of the vulnerability
- Steps to reproduce
- Potential impact assessment
- Suggested fix (if any)
- Your contact information for follow-up
Response Timeline
- Initial Response: Within 24 hours
- Assessment: Within 72 hours
- Fix Development: Varies by severity
- Disclosure: Coordinated after fix deployment
Rewards
Security researchers who responsibly disclose valid vulnerabilities may be eligible for:
- Bug bounty rewards
- Public acknowledgment (if desired)
- Early access to new features
- Direct collaboration opportunities
Audit History & Changelog
Version 1.0 - Arctic Architecture
- Date: Q3 2024
- Auditors: Spearbit, 0xMacro
- Scope: Core architecture
- Status: Complete, deployed
Version 1.1 - Extended Protocols
- Date: Q4 2024
- Auditors: 0xMacro, Secure3, Hexens
- Scope: AtomicQueue, additional decoders, bridge integrations
- Status: Complete, deployed
Future Audits
- Ongoing security reviews for new features
- Annual comprehensive re-audits
- Specialized audits for major upgrades
Audit Archive
All historical audit reports are permanently archived and publicly accessible:
GitHub Repository: github.com/Se7en-Seas/boring-vault/tree/main/audit
IPFS Archive: Coming soon - immutable storage of all audit reports
Acknowledgments
We extend our gratitude to:
- Spearbit - For comprehensive security analysis and formal verification expertise
- 0xMacro - For multiple thorough audits and ongoing security partnership
- Secure3 - For rigorous vulnerability assessment and security consulting
- Hexens - For DeFi-specific security analysis and MEV research
- Security Researchers - For responsible disclosure and continuous improvement
- Open Source Community - For code review and security discussions
Last Updated: September 2025
Current Audit Status: All deployed contracts fully audited
Security is a journey, not a destination. We remain committed to the highest security standards and continuous improvement.
Updated 3 months ago