Summary
The most critical subjects covered in our audit are proposal execution correctness, proposal sanitization during creation, and signature handling. Issues reported in the first version of the code were satisfactorily addressed. Security regarding all aforementioned topics is high.
In summary, we find that the codebase provides a high level of security.
It is important to note that security audits are time-boxed and cannot uncover all vulnerabilities. They complement but don't replace other vital measures to secure a project.
About Velodrome Epoch Governor
Velodrome implements two governance mechanisms to direct the emission rate of the VELO token. The SimpleEpochGovernor allows a trusted EOA or MultiSig to change the emission rate, and the EpochGovernor implements a system where stakers of VELO in the Velodrome protocol can vote on how to change the emission rate.
"Velodrome Finance is a next-generation AMM that combines the best of Curve, Convex and Uniswap, designed to serve as the liquidity hub for the Superchain."
With a tight schedule and an important release on the line, ChainSecurity exceeded our expectations, assembling multiple internal teams and delivering a thorough, accurate report that kept us on budget and on time. We couldn’t be happier or more confident working with their team..
Velodrome Contributors