Pendle Finance requested that Least Authority perform a security audit of the Pendle protocol smart contracts.
The Pendle protocol leverages the base lending layer created by other Decentralized Finance (DeFi) protocols (i.e. Aave and Compound) by separating the future cash flow from the lending protocols’ yield tokens and tokenizing that cash flow. As a result, this allows future yield to be traded without impacting ownership of the underlying asset.
Our final audit report was completed on June 4th, 2021.
To read the full report including our findings, click here: