Mage Labs Security Audit Summary

Overview

Mage Labs has undergone comprehensive security audits from multiple independent firms, covering both our DEX and staking protocols. This page provides a detailed overview of all security assessments and their outcomes.

For information about our security framework, testing methodology, and ongoing security practices, see our Security Measures page.

Audit Timeline

2025 Audit Progression

May 2025: Mage DEX Security Audit (Audita)
June 2025: Initial Staking Audit (Cyberscope)
July 2025: Staking Audit Phase 2 (Cyberscope)
July 2025: Staking Audit Phase 3 (Cyberscope)
July 2025: Chain-Fox DEX Preliminary Audit

Detailed Audit Reports

1. Audita DEX Security Audit (May 2025)

Auditor: Audita Security
Period: May 7-17, 2025
Scope: Mage DEX smart contracts
Network: Solana
Language: Rust
Method: Manual Audit

Findings Summary

Severity	Count	Status
Critical	0	-
High	0	-
Medium	2	Resolved
Low	4	Resolved
Informational	4	Resolved

Key Findings

MAGE-01: Observations insufficient for TWAP calculation (Medium) - RESOLVED
MAGE-02: TWAP Oracle may not reflect volatile market prices (Medium) - RESOLVED
MAGE-03: Inconsistent access control in fee collection (Low) - RESOLVED
MAGE-04: Missing fee parameter validation (Low) - RESOLVED

Overall Assessment

“MageLabs DEX is, to the best of our knowledge, safe to use.”

2. Cyberscope Staking Audits (June-July 2025)

Initial Audit (June 2025)

Auditor: Cyberscope
Period: June 2025
Scope: Mage Labs Staking Protocol
Findings: 7 Critical, 7 Medium, 16 Minor/Informative

Phase 2 Audit (July 2025)

Auditor: Cyberscope
Period: July 2025
Findings: 2 Critical, 2 Medium, 15 Minor/Informative

Phase 3 Audit (July 2025)

Auditor: Cyberscope
Period: July 2025
Findings: 0 Critical, 0 Medium, 11 Minor/Informative (All resolved)

Staking Audit Progression

Phase	Critical	Medium	Minor	Status
Initial	7	7	16	Resolved
Phase 2	2	2	15	Resolved
Phase 3	0	0	11	All Acknowledged

3. Chain-Fox DEX Preliminary Audit (July 2025)

Auditor: Chain-Fox
Period: July 19-20, 2025
Scope: Mage DEX smart contracts
Network: Solana
Language: Rust
Method: Manual Audit

Key Findings (Implementation in Progress)

Closing Accounts Improperly: Issues with account closure without proper marking
Missing Ownership Check: Authority validation issues
Memory Size Calculation: Using std::mem::size_of instead of INIT_SPACE
Pubkey Comparison: Should use require_key_eq instead of require_eq
Bad Practices: Not using get() for Sysvars
Unhandled Panic: Pervasive use of .unwrap() without error handling
Redundant Code: Unused variables
Incomplete Comments: Ambiguous or missing documentation

Verification Results

check_curve_value_from_swap ✅ Passed verification
check_pool_value_from_deposit ✅ Passed verification
check_pool_value_from_withdraw ✅ Passed verification

Security Improvements

DEX Protocol

Enhanced TWAP oracle implementation
Improved fee parameter validation
Better access control mechanisms
Comprehensive documentation updates
Code quality improvements and best practices implementation

Staking Protocol

Resolved all critical and medium severity issues
Implemented proper reward distribution mechanisms
Enhanced NFT validation and weighting
Improved access control and validation logic

Audit Reports

Available Reports

Security Status

✅ All Critical and High severity issues resolved ✅ Multiple independent audit firms engaged ✅ Progressive security improvements implemented ✅ Production-ready security standards achieved ✅ Continuous security monitoring in place

Ongoing Security

Mage Labs maintains a commitment to security through:

Regular audit cycles
Community bug bounty programs
Continuous monitoring systems
Transparent security reporting
Multi-firm validation approach

Disclaimer

While these audits provide comprehensive security assessments, no audit can guarantee absolute security. Smart contract platforms and their programming languages are not immune to potential vulnerabilities. Multiple independent audits and ongoing security practices are recommended for maximum protection.