Summary
Security review of Ithil v2, a DeFi protocol offering leveraged yield strategies and lending services with built-in risk management features.
Audited Functionality
For the audit, the entire protocol contract suite was reviewed, including the borrowing, lending, and options-related logic.
Ithil integrates with GMX (V1), Aave, FraxLend, and Angle to facilitate single-sided yield strategies.
Findings Breakdown
About Ithil
Ithil is a modular DeFi protocol that serves as a financial interoperability layer for Web3. The protocol enables users to execute complex investment strategies across multiple DeFi protocols with a single click, using either their own funds or borrowed capital through undercollateralized leverage. Liquidity providers deposit whitelisted tokens to earn single-sided APY, while borrowers access various financial services including leveraged staking on Aave, yield strategies on GMX, and liquidity provisioning on Balancer and Curve. The protocol features an on-chain liquidation system and insurance reserve to protect lender capital. Ithil was selected for the DeFi.org Accelerator program led by Polygon and Orbs.
