Hua Research Notes | Lorenzo Bank Audits

When a protocol handles complex financial flows, audits are not mere marketing—they are proof of accountability. For Lorenzo, the critical question isn’t just who audited the code, but whether the entire review process is transparent, repeatable, and ongoing.

A Layered Audit Philosophy

Given Lorenzo’s modular architecture, a single audit is never sufficient. Security reviews must reflect this layered reality.

1. Core Layer: Vault & Financial Logic

Covers deposits, withdrawals, accounting, fee handling, and upgrade paths

Reviewed by established smart-contract security firms with extensive protocol experience

Focus: correctness, access control, and systemic failure modes

2. Governance & Token Mechanics: veBANK System

Includes time-locking, voting power decay, gauge distribution, and incentive routing

Auditing emphasizes economic correctness alongside code safety

Reviewers examine inflation logic, voting manipulation vectors, and reward edge cases that could distort long-term governance

Lorenzo’s approach underscores that security isn’t a checkbox, but a continuous, layered process spanning both technical and economic dimensions.