Is Concentrator Safe?
Risk Grade: B- (32/100)
Concentrator is rated as moderate risk — some novel mechanisms, generally well-understood.
Concentrator is a well-designed yield optimizer with a clean track record and reasonable risk for the Curve/Convex ecosystem. The main risks are dependency on the upstream Curve/Convex contracts (which have had exploits) and CRV token price exposure for yield. Suitable for users who are already bullish on the Curve ecosystem and want optimized yield without manual management.
Concentrator by AladdinDAO is a yield optimizer that makes Curve and Convex farming simpler and more profitable. Instead of earning scattered reward tokens from various Curve liquidity pools, Concentrator harvests all rewards and automatically compounds them into aCRV (a wrapped version of cvxCRV that auto-compounds). Users deposit their Curve LP tokens, and the protocol handles all the harvesting, swapping, and compounding automatically, claiming up to 50% more yield than manual farming. Depositors can withdraw their gains in CRV, CVX, or ETH at their preferred time.
TVL
$39M
Mechanisms
6
Interactions
4
Value Grade
C
Key Risks for Concentrator Users
Your funds flow through THREE layers of smart contracts (Concentrator, Convex, Curve) - a bug in ANY of them could lose your money
All your yield is converted to CRV tokens via aCRV - if CRV price drops 50%, your earned yield is worth 50% less in dollar terms
The protocol is controlled by the AladdinDAO multisig team - if their keys are compromised, vault funds could be at risk
Top Risk Factors
- •Concentrator is built entirely on top of Curve and Convex. A smart contract exploit in either underlying protocol would directly impact all Concentrator vaults and could result in total loss of deposited funds.
- •Auto-compounding concentrates rewards into aCRV (cvxCRV) and aFXS (cvxFXS), creating single-asset concentration risk. If CRV or FXS tokens lose significant value, all concentrated yield is denominated in a declining asset.
- •The protocol relies on periodic harvesting and reward swapping. If swap routes become inefficient or are manipulated (sandwich attacks on large harvest transactions), the effective yield for depositors decreases.
Risk Score Breakdown
Concentrator's highest risk area is Vitality Risk (7/10). Here's how each dimension contributes to the overall 32/100 score:
Read the Full Concentrator Risk Report
This protocol has 2 collapse scenarios. 1 high-severity interaction risks identified. See the full mechanism classification, interaction matrix, and deep-dive recommendations.
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