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Audits

Smart Contract safety and security is paramount to us. Therefore we we ensure that every public release has been vetted thoroughly by reputable Smart Contract auditors.

Security is Our Top Priority

Smart contract risk is highly prevalent among DeFi protocols. One of Usual’s top priorities is to mitigate and reduce the potential risk from the underlying Usual smart contracts by conducting in-depth audits aimed at identifying potential vulnerabilities, logical errors, or inefficiencies and further by conducting continuous security monitoring of the smart contracts. The audits are conducted by leading industry experts and will be used to enhance trust through proper risk and security management on the smart contracts. Please find below the chronological overview of our completed audits.

May 2024

Auditor

Cantina

  • Lead Security Researcher: xmxanuel

  • Security Researcher: deadroses

  • Associate Security Researcher: jonatas

Scope

  • Codebase Simplification: Replacing the "mint engine" with the "swap engine"

  • Cantina Managed Audit Phase 1: Permissioned launch smart contracts audit

  • Cantina Managed Audit Phase 2: Permissionless launch smart contracts audit

Spearbit Cantina Report for Permissionless launch
Spearbit Cantina Report for Permissionless launch

June 2024

Auditor

Cantina

Scope

Pegasus Audit Competition run by Cantina

October 2024

Auditor

Paladin

Scope

L2 Token Audit conducted by Paladin

November 2024

Auditors

Cantina

  • Lead Security Researcher: deadroses

  • Lead Security Researcher: xmxanuel

  • Security Researcher: Phaze

  • Associate Security Researcher: Chinmay Farkya

Halborn

Sherlock (public audit competition)

Scope

V1 contract upgrades & additions covering:

  • USD0++

  • DAO Collateral

  • SwapperEngine

  • USUAL

  • USUALS

  • USUALSP

  • USUAL distribution

  • USUAL Airdrop

  • USUALx

Spearbit Cantina Report for Usual Pegasus Phase 1
Halborn Usual V1
Sherlock - Usual V1 Audit Competition Report.pdf

December 2024

Auditors

Blackthorne

Cantina

Scope

  • WrappedM aka UsualM

  • USD0++ unwrap with Cap for vault strategies

  • USUALx

Blackthorn Audit Report - WrappedM
Spearbit Cantina Report for UsualM extension
Spearbit Cantina Report for USD0pp adjustments

January 2025

Auditors

Spearbit

Scope

  • Claim Redirect

  • Fee sweep via DistributionModule

  • USUALx adjustment for fee sweep

  • USD0++ adjustment for fee sweep

Spearbit - Audit Report on Redirect & Fee Sweep

February 2025

Auditors

Sherlock Spearbit

Scope

  • Euler USL vault and oracle

  • Usual USL Economic Risk Assessment

  • UsualUSDtb

  • Yield Module

Sherlock - Audit Report on USL on Euler
Spearbit - Audit Report on USL on Euler
OAK Security - Usual USL Economic Risk Assessment
Sherlock - Audit Report on UsualUSDtb
Spearbit - Audit Report on Yield Module

For more detailed information on our security measures or to report a potential vulnerability, please contact our security team at [email protected].

March 2025

Auditors

Sherlock Spearbit

Scope

  • Usual USD0++ Investment Vault

  • Coherent Audit competition on overall protocol

Spearbit - Usual USD0++ Investment Vault
Sherlock - Usual Labs Public Audit Contest

May 2025

Auditors

Sherlock Spearbit

Scope

  • ETH0 Protocol

  • ETH0 Zapper Contract

Spearbit - Audit report on ETH0
Sherlock - Audit report on on ETH0 Zapper contract

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