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posts/_posts/blog/2025-04-30-Serai-Ethereum-Smart-Contract.md

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+---
+layout: post
+title: "Serai Ethereum Smart Contract Audited by Trail of Bits"
+excerpt: "MAGIC Grants commissioned Trail of Bits to audit Serai's Ethereum smart contract"
+date: 2025-06-06
+Author: magicboard
+---
+
+MAGIC Grants contracted [Trail of Bits](https://www.trailofbits.com/), a leading cybersecurity and research firm, to audit the Ethereum smart contract that is expected to be used by Serai. [Serai](https://serai.exchange) is a forthcoming decentralized exchange that will initially be compatible with the Ethereum, Bitcoin, and Monero blockchains.
+
+Serai is open-source and has a strong potential to be important public infrastructure. Thus, security reviews are essential to ensure the safety of its components.
+
+The Trail of Bits audit was prepared by Gustavo Grieco and Opal Wright under the direction of Jim Miller, Director of Cryptography.
+
+The review consisted of three engineer-weeks of effort. Their testing efforts focused on on-chain and off-chain code for the Ethereum side of the Serai DEX, including router operations, ERC-20 token handling, and the use of cryptography primitives.
+
+They found that the code in scope follows best practices for development and is well documented. **The review produced two information-severity findings and three code quality suggestions. Zero high, medium, and low-severity findings were discovered.**
+
+Both informational findings were resolved. Further information on these findings and their resolutions are available in the public audit report.
+
+MAGIC Grants would like to thank Trail of Bits for their detailed review of this project, and we would like to thank Luke Parker for their efforts in developing Serai.
+
+[Read the Audit Report](https://github.com/trailofbits/publications/blob/master/reviews/2025-04-serai-dex-security-review.pdf){: .btn-primary}