Audit firm tier

Pendle Finance's assessment for RD-F-005 — scored green on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

Spearbit is Tier-1. ChainSecurity is Tier-2 (established firm). WatchPug is top-ranked Code4rena independent warden. At least one Tier-1 audit (Spearbit) of deployed code confirmed.

Sources #

URL
ChainSecurity Pendle V2 Core Security AuditChainSecurity Pendle V2 Core audit pageretrieved 2026-04-29
GitHub
Spearbit Portfolio (Tier-1 firm)Spearbit portfolioretrieved 2026-04-29

Methodology #

Classify each auditing firm into: Tier-1 (Trail of Bits / OpenZeppelin / ConsenSys Diligence / Certora / Sigma Prime / Spearbit / Zellic) / Tier-2 (established, named firm with public track record) / boutique / unknown.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol pendle factor RD-F-005 score green collected_at 2026-04-28 21:09:40