Synthetix TLX V2

Guardian AuditsCode version: not recorded (see the report)

Audit · firm’s term: security review

Part of Guardian Audits’ series

Guardian Audits reviewed Synthetix (Synthetix TLX V2) on 1 Mar 2025: 65 findings, 1 critical; 21 marked fixed, 42 acknowledged, 2 open.

1 critical finding, fixed
Open the reportOpen Synthetix’s security record

Report hosted on GitHub.

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Findings65

Statuses are the security firm’s own, from its report.

SeverityOpenAcknowledgedFixed
Critical001
High012
Medium1104
Low13114
HighRebalance Extractable ValueAcknowledged

The report gives no description here.

MediumDecaying Redemption Fee ManipulationAcknowledged

The report gives no description here.

MediumDepositing Minimum Amount Leads To Position ClosureAcknowledged

The report gives no description here.

MediumLast User Cannot Fully Redeem If LT Position Is Still OpenAcknowledged

The report gives no description here.

MediumLeverage Mismatch Because Different Price SourcesAcknowledged

The report gives no description here.

MediumLeveragedTokens Pay Disproportionately Higher Streaming FeesAcknowledged

The report gives no description here.

MediumMissing Execute Order FunctionAcknowledged

The report gives no description here.

MediumOnly Current Mint Amount ValidatedAcknowledged

The report gives no description here.

MediumOrder Fees Do Not Include Rebalance CostsAcknowledged

The report gives no description here.

MediumStreaming Fee Starts Too LateAcknowledged

The report gives no description here.

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MediumTokens Are Tradable When The LT Is LiquidatableAcknowledged

The report gives no description here.

Low_addressProvider Initialized TwiceAcknowledged

The report gives no description here.

Low_redeemLeveragedToken Return Value Not UsedAcknowledged

The report gives no description here.

Low_validateMintAmount Over/Underestimate Position SizeAcknowledged

The report gives no description here.

LowAdresses Can Not Be Unfrozen In AddressProvider ContractAcknowledged

The report gives no description here.

LowcanRebalance Does Not Check Market LimitsAcknowledged

The report gives no description here.

LowCentralization RiskAcknowledged

The report gives no description here.

LowCharging Wrong Redemption FeeAcknowledged

The report gives no description here.

LowDelayed Offchain Order May Become UnexecutableAcknowledged

The report gives no description here.

LowDoS On High UsageAcknowledged

The report gives no description here.

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LowFee Calculations Are Rounded DownAcknowledged

The report gives no description here.

LowFreezing Address Not Yet SetAcknowledged

The report gives no description here.

LowHigh Rebalance Threshold Causes Funds To Become LockedAcknowledged

The report gives no description here.

LowisActive() SemanticsAcknowledged

The report gives no description here.

LowLack Of Storage Gaps In TlxOwnableUpgradeableAcknowledged

The report gives no description here.

LowLeveragedToken Can Be ReactivatedAcknowledged

The report gives no description here.

LowLTs Could Be Forced To Remain Outside Exact Target LeverageAcknowledged

The report gives no description here.

LowMissing Check If targetLeverage = 1e18Acknowledged

The report gives no description here.

LowMissing Force Rebalance FunctionalityAcknowledged

The report gives no description here.

LowMissing Minimum Amount ChecksAcknowledged

The report gives no description here.

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LowPossible Full Position DoS Due To Streaming FeeAcknowledged

The report gives no description here.

LowPrecision Loss In _getLeverageUpdateSizeDelta FunctionAcknowledged

The report gives no description here.

LowPyth Price Confidence Interval Is Ignored In PerpsV2Acknowledged

The report gives no description here.

LowRedemption Fee BoundsAcknowledged

The report gives no description here.

LowReferral System Is Not ImplementedAcknowledged

The report gives no description here.

LowRemaining Margin Can Be 0Acknowledged

The report gives no description here.

LowTemporary DoS Due To Price DivergenceAcknowledged

The report gives no description here.

LowUnnecessary Price Impact ChargedAcknowledged

The report gives no description here.

LowUsers Can Redeem While The Contract Is PausedAcknowledged

The report gives no description here.

LowVault Could Be Drained By Cancellation FeesAcknowledged

The report gives no description here.

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LowWrong Emission Of MintedAmountIncreased EventAcknowledged

The report gives no description here.

LowZero Returns On Stale PricesAcknowledged

The report gives no description here.

Contracts in scope

No deployed address is recorded for this audit.

The report names a repository or files. Open the report to see its scope.

Part of Synthetix’s security record

Synthetix
Audits13 audits by 1 firmLast audit Dec 2025, by Guardian Audits.
Critical findings3 criticals acknowledged, not fixedReported in “Synthetix Treasury Market” by Guardian Audits, Feb 2025. The team acknowledged all 3.
Open Synthetix’s security record

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Guardian Audits

15 projects reviewed · 99 reports · latest Aug 2026

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