SlowMist|Dec 27, 2025 14:16
📢 New Release from SlowMist!
We’ve published “Decentralized Perpetual Contracts Security Audit Guide” — a comprehensive deep-dive for auditors, protocol developers, and security researchers focusing on the core architecture, risk points, and auditing methodology behind on-chain perp DEXes.
This guide breaks down:
🧩 System Architecture — Order/Position management, Keeper-execution model, Liquidity pools, Oracle design
⚙️ Key Mechanisms — Funding & borrowing fees, liquidation, ADL, queue-based execution
🔍 Attack Surfaces — Price manipulation, PnL mis-calculation, rounding precision, OI/LP imbalance
🛡 Audit Checklist — Oracle pricing, order logic, margin & leverage, LP solvency, governance & permission control
⚠️ Why it matters — Minor logical deviations can cascade into insolvency, liquidation failure, or catastrophic economic exploits.
Designed to help auditors think like attackers — beyond correctness, toward adversarial mindset & real-world exploit vectors.
Read the full guide👇
🔗 https://slowmist.medium.com/slowmist-decentralized-perpetual-contracts-security-audit-guide-4cd6b37a45b8(SlowMist)
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