Context before findings
We begin with architecture, trust boundaries, privileged roles, and value flows. A finding only matters when its impact is understood in the context of the protocol.
About PandaSecurity
Security research for code that controls real value.
PandaSecurity is a Web3 security practice focused on smart contract audits, protocol review, and security-led EVM development. We help teams understand risk before their code reaches mainnet.
- 01 Manual-first reviews
- 02 Economic logic analysis
- 03 Audit-ready engineering
- 04 Worldwide engagements
Our purpose
Make protocol risk understandable before it becomes irreversible.
In Web3, a small implementation mistake can become a permanent financial event. Security therefore has to cover more than isolated lines of code.
We look at the complete system: how value moves, who holds authority, which external assumptions can change, and how multiple individually valid operations can combine into an exploit.
How we think
Security work should reduce uncertainty.
Adversarial by default
We examine how assumptions fail under flash liquidity, manipulated prices, unusual token behavior, reentrancy, and hostile transaction ordering.
Useful after delivery
Reports are written for action: reproducible findings, clear severity, practical remediation, and verification of security-critical fixes.
What we do
Engineering depth with an attacker’s perspective.
Our work connects architecture, implementation, testing, and remediation instead of treating security as a last-minute checklist.
Explore services and pricingSmart contract audits
Manual review of Solidity and EVM systems, supported by static analysis, targeted fuzzing, and invariant testing.
Security-led development
Audit-ready contracts, tests, deployment tooling, and architecture built around explicit security assumptions.
DeFi risk analysis
Review of accounting, oracle dependencies, economic incentives, liquidity assumptions, and protocol integrations.
Remediation verification
Focused review of fixes to confirm that root causes are addressed without introducing new failure modes.
Engagement model
A review process built around evidence.
Every engagement starts with a defined scope and ends with actionable output. Complexity determines the depth and team coverage—not a generic checklist.
- 01
Scope
Define the code, commit, integrations, assumptions, exclusions, and delivery requirements.
- 02
Model
Map assets, actors, privileges, trust boundaries, invariants, and realistic attacker capabilities.
- 03
Review
Combine manual analysis with focused tooling and attack-driven testing of critical state transitions.
- 04
Resolve
Deliver findings, discuss remediation, verify fixes, and close with an updated final report.
Systems we review
Built for the difficult parts of DeFi.
We focus on systems where accounting, permissions, external integrations, and economic behavior intersect.
- 01AMMs and decentralized exchanges
- 02Vaults, staking, and reward systems
- 03Lending, collateral, and liquidation logic
- 04Oracle and external protocol integrations
- 05Upgradeable contracts and access control
- 06Token launches and custom asset logic
Work in the open
Research sharpens every engagement.
Our security research covers real exploit patterns, protocol design failures, smart contract vulnerabilities, and practical engineering guidance for Web3 teams.