#Audits

Exolane's smart contracts have been audited 7 times by leading blockchain security firms Sherlock and Zellic. All audit reports are publicly available, and all critical and high-severity findings were resolved and verified by auditors.

#Audit Summary

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Audit Coverage: Exolane deploys the audited Perennial V2 protocol in production on Arbitrum One, which has undergone 7 independent security audits. All contracts are verified on Arbiscan with publicly readable source code.

Audit Auditor Date Focus Status
V2 Sherlock August 2023 Core Protocol ✅ Complete
V2 Zellic August 2023 Core Protocol ✅ Complete
V2 Fix Review Sherlock September 2023 Issue Remediation ✅ Complete
V2.1 Sherlock October 2023 Protocol Updates ✅ Complete
V2.2 Sherlock March 2024 Protocol Updates ✅ Complete
V2.3 Sherlock August 2024 Protocol Updates ✅ Complete
V2.4 Sherlock February 2025 Protocol Updates ✅ Complete

#What This Page Verifies

  • 7 independent security audits conducted by Sherlock and Zellic on the protocol Exolane deploys in production
  • All critical and high-severity findings were resolved and verified
  • Exolane deploys the audited Perennial V2 protocol in production on Arbitrum One
  • Complete audit report links are publicly accessible
  • All contracts are verified on Arbiscan with publicly readable source code

#About Auditors

#Sherlock

Sherlock is a leading smart contract security firm that combines traditional audits with a decentralized security network.

  • Methodology: Expert-led audits + competitive audit contests
  • Track Record: Hundreds of DeFi protocols secured
  • Coverage: Full protocol security coverage

#Zellic

Zellic is a blockchain security firm specializing in complex DeFi protocols.

  • Methodology: Deep manual review + automated analysis
  • Specialization: Complex financial protocols
  • Approach: Adversarial security research

#Audit Scope

Our audits cover:

Component Audited
Market contracts ✅
Oracle integration ✅
Collateral system ✅
Liquidation logic ✅
Funding rate math ✅
Position management ✅
Access controls ✅
Vault contracts ✅

#Audit Findings

#Severity Classification

Severity Description
Critical Direct loss of funds possible
High Significant impact to protocol
Medium Moderate impact or complex exploit
Low Minor issues or improvements
Informational Best practices, gas optimizations

#Finding Resolution

All Critical and High severity findings have been:

  • ✅ Acknowledged
  • ✅ Fixed or mitigated
  • ✅ Verified by auditors

#Continuous Security

Security is ongoing, not one-time:

Activity Frequency
Code reviews Every change
Automated testing Continuous
Fuzz testing Continuous
Invariant testing Continuous
New audits Major versions

#Accessing Audit Reports

Full audit reports are available:

#Verification Checklist

  1. Open the report links above and confirm the audit dates and auditors.
  2. Read Security Overview to understand which admin actions and protections are currently disclosed.
  3. Read Market Parameters and Fee Structure for live published settings.
  4. Cross-check official domains and core contract addresses on Official Links.

#How to use audit reports

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Audit reports verify that Exolane's smart contracts have been reviewed by independent security experts. Review them alongside the Security Overview for a complete picture of protocol protections.

#Next Steps