Delpho audit

SherlockCode version: not recorded (see the report)

Audit · firm’s term: collaborative audit

Sherlock reviewed Delpho (Delpho audit) on 8 Sep 2026: 12 findings, 0 critical; 9 marked fixed, 3 acknowledged.

No open critical findings
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Report hosted on GitHub.

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Findings12

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

SeverityOpenAcknowledgedFixed
Critical000
High001
Medium003
Low035
HighRegistered-but-disabled collateral is dropped by the config replay, freezing every position that holds itFixed

The report gives no description here.

MediumPSM min single redemption strands dustFixed

The report gives no description here.

MediumPSM mints and redeems USDV against USDC at a hardcoded 1:1 with no oracle, so a USDC depeg directly under-backs USDVFixed

The report gives no description here.

MediumV2 applies isTokenSupported on withdrawal paths, so disabling a collateral permanently locks it in the WHYPE/KHYPE marketFixed

The report gives no description here.

LowA system address must never be configured for USDC, because both plausible values silently destroy fundsFixed

The report gives no description here.

LowDelphoRouterV2 re-implements six V1 functions that are already reusable, four needing only a visibility change and two needing nothing at allFixed

The report gives no description here.

LowPSM documented USDT but unsupportedFixed

The report gives no description here.

LowPSM mint does not open redemption windowFixed

The report gives no description here.

LowWHYPE PM executor is granted the systemwide HANDLER_ROLE where no existing role is correctly scopedFixed

The report gives no description here.

Contracts in scope

No deployed address is recorded for this audit.

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Part of Delpho’s security record

Delpho
Audits1 audit by 1 firmLast audit Sep 2026, by Sherlock.
Critical findingsNo open critical findingsIn 1 report.
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Security firm

Sherlock

46 projects reviewed · 67 reports · latest Sep 2026

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