Is Lolik Liquid Staking Safe?
Risk Grade: C (48/100)
Lolik Liquid Staking is rated as elevated risk — multiple novel mechanisms and notable interaction risks.
Higher risk — standard liquid staking mechanics but concentrated on a small new chain (Bahamut) with sparse documentation, no published audits, and minimal DeFi ecosystem for LST utility
Lolik is a liquid staking platform that lets users stake FTN (Fasttoken), ETH, and MATIC tokens to earn daily staking rewards while receiving liquid staking tokens that can theoretically be used in other DeFi activities. The majority of its approximately $30M in deposits is FTN staked on the Bahamut blockchain. Lolik acts as an intermediary between stakers and node operators, using a standard liquid staking model. However, the protocol has very limited public documentation, no publicly available audit reports, and operates primarily on Bahamut — a relatively new and small EVM chain with limited decentralization and DeFi ecosystem depth.
TVL
$30M
Mechanisms
5
Interactions
3
Value Grade
D-
Key Risks for Lolik Liquid Staking Users
Most of Lolik's deposits are in FTN on the Bahamut blockchain, which is a small and relatively new chain. If Bahamut experiences technical issues or validator failures, your staked assets could be frozen or at risk.
There are no publicly available audit reports for Lolik's smart contracts. For a protocol managing $30M in user deposits, the absence of published security audits is a significant concern.
Liquid staking tokens from Lolik have minimal DeFi utility — the Bahamut ecosystem has very few protocols where you can actually use these tokens, making them effectively illiquid despite the name.
Top Risk Factors
- •Lolik's TVL is heavily concentrated on Bahamut, a relatively new and small EVM chain. Bahamut itself has limited decentralization, few validators, and a short track record, making chain-level risk the dominant concern.
- •Very limited public documentation, no published audit reports, and sparse technical details make independent risk assessment nearly impossible — the protocol operates largely as a black box.
- •FTN (Fasttoken) is the primary staked asset, concentrating exposure in a single token with limited liquidity and DeFi composability outside the Bahamut ecosystem.
Risk Score Breakdown
Lolik Liquid Staking's highest risk area is Vitality Risk (9/10). Here's how each dimension contributes to the overall 48/100 score:
Read the Full Lolik Liquid Staking 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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