Magic Grants requested that Least Authority perform a security audit of the implementation of Serai’s Distributed Key Generation (DKG), which is premised on Publicly Verifiable Secret Sharing. Serai is a decentralized exchange (DEX) that allows users to trade assets across heterogeneous blockchains through a liquidity-pool (AMM) trading model.
Our final audit report was completed on July 13, 2026.
To read the full report, including our findings, click here: