Is Belt Finance Safe?
Risk Grade: C+ (42/100)
Belt Finance is rated as elevated risk — multiple novel mechanisms and notable interaction risks.
Elevated risk — functional yield optimizer with institutional backing but major past exploit, multi-protocol dependency, and declining token value.
Belt Finance is a multi-strategy yield optimizer and stableswap AMM on BSC, Klaytn, and Heco that auto-compounds deposits across DeFi protocols. With $12M TVL, it suffered a major $50M exploit in 2021 but has since undergone V3 audit by DeDaub. Created by Ozys, a Klaytn Governance Council member.
TVL
$12M
Mechanisms
6
Interactions
5
Value Grade
D-
Key Risks for Belt Finance Users
Exploited for $50M in 2021 via flash loan attack — past security failures indicate elevated risk
Deposits are spread across multiple protocols — hack of any one causes partial loss
BELT token value has declined significantly, reducing farming reward value
Top Risk Factors
- •Suffered $50M flash loan exploit in May 2021 — major security failure history
- •Multi-strategy yield vaults create complex dependency chains across protocols
- •Cross-chain deployment (BSC, Klaytn, Heco) multiplies attack surface
- •StableSwap pools concentrate risk in stablecoin depeg scenarios
Risk Score Breakdown
Belt Finance's highest risk area is Track Record (15/15). Here's how each dimension contributes to the overall 42/100 score:
Read the Full Belt Finance Risk Report
This protocol has 2 collapse scenarios. 2 high-severity interaction risks identified. See the full mechanism classification, interaction matrix, and deep-dive recommendations.
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