Is Extra Finance Vaults Safe?
Risk Grade: C+ (41/100)
Extra Finance Vaults is rated as elevated risk — multiple novel mechanisms and notable interaction risks.
Elevated risk — leveraged yield farming inherently carries liquidation and smart contract risk, with up to 7x leverage amplifying both returns and potential losses.
Extra Finance is a leveraged yield farming and lending protocol offering up to 7x leverage on farming positions across Optimism and Base. With ~$11M TVL and a veEXTRA governance model for directing token emissions, it follows the established leveraged farming playbook. The C+ grade reflects the inherent risk of high leverage, oracle dependencies for liquidations, and the absence of confirmed security audits.
TVL
$10M
Mechanisms
6
Interactions
5
Value Grade
D
Key Risks for Extra Finance Vaults Users
Leveraged farming up to 7x means even modest price drops (15-20%) can trigger liquidation of your position — leverage amplifies both gains and losses significantly
No confirmed public security audit for the smart contracts managing leveraged positions, lending pools, and liquidation logic
EXTRA token emissions follow a declining schedule with governance-directed allocation — early veEXTRA holders may capture disproportionate value
Top Risk Factors
- •Leveraged yield farming up to 7x amplifies impermanent loss and liquidation risk during volatile markets
- •Oracle dependency for collateral pricing and liquidation triggers — stale or manipulated feeds could delay critical liquidations
- •veEXTRA governance directs emissions to pools — vote-escrow capture and bribery dynamics could misallocate incentives
- •No confirmed public security audit despite managing leveraged positions with significant smart contract complexity
Risk Score Breakdown
Extra Finance Vaults's highest risk area is Vitality Risk (7/10). Here's how each dimension contributes to the overall 41/100 score:
Read the Full Extra Finance Vaults 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.
View Full Report →Considering an investment?