Synthetix SNX Vaults

Guardian AuditsCode version: not recorded (see the report)

Audit · firm’s term: security review

Part of Guardian Audits’ series

Guardian Audits reviewed Synthetix (Synthetix SNX Vaults) on 2 May 2025: 49 findings, 2 critical; 25 marked fixed, 24 acknowledged.

2 critical findings, fixed
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Report hosted on GitHub.

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Findings49

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

SeverityOpenAcknowledgedFixed
Critical002
High023
Medium076
Low01514
CriticalMismatch in the redemption mechanismFixed

The report gives no description here.

CriticalUnrestricted Flash Loan CallbackFixed

The report gives no description here.

High_performanceFeeHighWaterMark Is IncorrectlyFixed

The report gives no description here.

HighFee-on-fee Calculation Inflates Vault FeesFixed

The report gives no description here.

HighRealized PNL Breaks Delta NeutralityFixed

The report gives no description here.

MediumIncorrect Fee-on-Fee Calculation In totalAssetsFixed

The report gives no description here.

MediumMissing Initialization of ERC20PermitUpgradeableFixed

The report gives no description here.

MediumMissing Proper Slippage ChecksFixed

The report gives no description here.

MediumPotential DoS via Unexpected ETHFixed

The report gives no description here.

MediumPotential Underflow in totalAssets FunctionFixed

The report gives no description here.

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MediumRepeated Tiny DepositsFixed

The report gives no description here.

LowDebt Can Be Artificially InflatedFixed

The report gives no description here.

LowDeposits May RevertFixed

The report gives no description here.

LowmaxRedeem Function IgnoresFixed

The report gives no description here.

LowMisleading ErrorFixed

The report gives no description here.

LowMissing EIP2612 ImplementationFixed

The report gives no description here.

LowMissing Fee Setting ConstraintsFixed

The report gives no description here.

LowModifiedPosition event emits wrong referrerFixed

The report gives no description here.

LowOvercollected Redemption Fee Due To Price ImpactFixed

The report gives no description here.

LowPrecision Loss in Redemption CalculationFixed

The report gives no description here.

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LowTypoFixed

The report gives no description here.

LowUnnecessary ERC2771 CheckFixed

The report gives no description here.

LowUnnecessary Zero-Fee TransfersFixed

The report gives no description here.

LowUnset Referrer FieldFixed

The report gives no description here.

LowVault Is More Exposed To LiquidationFixed

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.
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Guardian Audits

15 projects reviewed · 99 reports · latest Aug 2026

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