Assessment reports>Orderly Strategy Vault
Orderly Network
March 6, 2025
Orderly Strategy Vault
Findings Impact LevelCount
Critical
0
High
0
Medium
0
Low
0
Informational
1
CriticalHighMediumLowInformational
Prepared by
Sunwoo HwangEngineer[email protected]
Varun VermaEngineer[email protected]
About

Orderly Network contributed the following description of Orderly Strategy Vault:

The strategy vault infrastructure is an independent system from the Orderly DEX which enables the deployment of vaults (Orderly Protocol Vault & User Vaults). Each vault can be deployed across multiple blockchain networks in tandem with the Orderly chain network to deliver an omni-chain user experience by leveraging on LayerZero cross-chain solutions. Orderly will be the owner of the deployed vaults. The vault smart contract on each chain serves as asset vault for users (liquidity provider / strategy provider) to deposit/claim their vault assets from/to their wallet respectively. Subsequently, the deposited vault assets will be further allocated into strategy fund(s) at the Orderly chain network. Each strategy fund will be managed by a strategy provider. Depending on the strategies, these vault assets will be transferred to various whitelisted venue addresses before the asset can be used by strategy provider to conduct trading strategies at the trading venue. For a vault that is deployed across multiple networks, users can choose to deposit their assets (e.g. USDC) from any of the deployed networks and become a liquidity provider for that vault.

Executive Summary

Zellic conducted a security assessment for Orderly Network from February 19th to March 4th, 2025. During this engagement, Zellic reviewed Orderly Strategy Vault's code for security vulnerabilities, design issues, and general weaknesses in security posture.

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