Statemind

Statemind is a blockchain security firm specializing in smart contract auditing and security research. Founded in 2022, the company has grown to become one of the leading smart contract audit providers in the DeFi ecosystem, having secured over $24 billion in TVL across top protocols including Lido Finance, Curve Finance, Instadapp (Fluid), Symbiotic, Yearn Finance, and many others.

Core Services

Statemind's primary service is smart contract security audits for DeFi protocols, Layer 1/Layer 2 infrastructure, and blockchain-based systems. Their audit process follows a rigorous five-step methodology:

1. Project review — Building a comprehensive view of the architecture
2. Checking the code — Eliminating typical vulnerabilities through deep manual analysis
3. Consolidation reports — Providing interim findings reports
4. Bug fixing — Verifying the fixed code versions
5. Final verification — Conducting a final check of the code

Their expertise spans Solidity and Vyper smart contracts, with 200,000+ lines of code audited across more than 40 public reports. The team has found over 100 significant vulnerabilities and saved $100M+ in 0-day exploits.

Key Strengths

Statemind differentiates itself through deep technical expertise and original security research. The team includes top performers from Paradigm CTF competitions, ICPC finalists, and mathematicians. They conduct research on cutting-edge security topics including ZK technology, compiler tooling, formal verification, and fuzzing techniques.

Notably, Statemind developed the Vyzzer system — a fuzzing framework for the Vyper compiler — demonstrating their ability to find vulnerabilities at the compiler level, not just in application-level smart contracts. They have also conducted security audits of the Vyper compiler itself, a rare capability in the industry.

Notable Clients and Projects

Statemind has an extensive track record with the largest DeFi protocols by TVL:

• Lido Finance ($19.95B TVL) — 20 audit reports covering Lido V2, Dual Governance, GateSeals, deployment validations, and more
• Curve Finance ($1.8B TVL) — audits of Curve Stablecoin and Curve Lending
• Instadapp/Fluid ($1.14B TVL) — audits of Avocado and Fluid products
• Symbiotic ($446M TVL) — audits of core and hooks modules
• Yearn Finance ($368M TVL) — multiple audits including veYFI and V3
• Mellow ($293M TVL) — LRT and multi-vault audits
• Arrakis Finance, Valantis Labs, 1inch Network, Keep3r Network, and others

Fellowship Program

Statemind runs a Blockchain Security Fellowship program (now in its 9th cohort), a free intensive 2-week program for aspiring smart contract security researchers. The program provides mentorship, CTF challenges based on real-world vulnerabilities, and a direct career path for top performers to join the Statemind audit team.

Why Choose Statemind

With a reputation backed by testimonials from founders of Curve Finance, the Head of Security at Paradigm, and core developers at Lido, Statemind is recognized as one of the top audit firms in the blockchain space. Their combination of rigorous manual code review, original security research, deep protocol knowledge, and clear communication makes them a trusted partner for the most critical DeFi infrastructure.