Hedgehog Protocol
Ethereum
Audited on 2025/06/02
No open critical findings
Summary
Hedgehog implements a hedging instrument for the change of the base fee on Ethereum mainnet. Hedgehog has forked Liquity v1 and adapted the smart contracts to implement the gas derivative used for hedging. This review was limited to the smart contract modifications applied by Hedgehog, under the assumption of Liquity’s codebase being safe. However, it is important to acknowledge that any potential bug in Liquity could impact Hedgehog too. “Hedgehog is an infrastructure for on-chain native derivatives, starting with Modular Synthetic Blockspace. Focusing on L2 rollups, validators, and AA paymasters, while providing trading opportunities for speculators and MEV searchers on speculating and hedging Basefee.
Issues (68)
Low | Medium | High | Critical | Total | |
|---|---|---|---|---|---|
Not fixed | - | - | - | - | 0 |
Acknowledged | - | - | - | - | 0 |
Fixed | 29 | 23 | 11 | 5 | 68 |
| Total | 29 | 23 | 11 | 5 | 68 |
This project has no active issues.