Is Lulo Safe?
Risk Grade: B (25/100)
Lulo is rated as moderate risk — some novel mechanisms, generally well-understood.
Lulo is Solana's leading yield aggregator with a clean UX and strong growth ($15M to $100M+ in a year). The non-custodial design and user risk settings are thoughtful. Main concern is cascading risk from underlying protocols — you're trusting 4 lending platforms, not just one. Good for stablecoin savers who want passive optimization, but understand you're taking on aggregated protocol risk.
Lulo is a yield aggregator on Solana that automatically moves your stablecoin deposits to whichever lending protocol is paying the highest interest rate. Think of it as a smart savings account that shops around for the best rate across Kamino, Drift, Save, and MarginFi — currently offering up to 7.65% APY on USDC.
TVL
$95M
Mechanisms
4
Interactions
4
Value Grade
D-
Key Risks for Lulo Users
Your money is deposited into other lending protocols — if one of them gets hacked, you could lose funds
A security audit found critical issues (now reportedly fixed) including oracle failures and withdrawal bugs
There's no Lulo token, so the team makes all decisions with no community governance
Top Risk Factors
- •Aggregator risk: Lulo routes deposits to third-party protocols (Kamino, Drift, Save, MarginFi) — an exploit in any of them causes losses for Lulo depositors
- •Certora audit (Jan 2025) found critical vulnerabilities including oracle update failures and withdrawal manipulation
- •No native token limits governance and community alignment — protocol direction is fully centralized to the team
Risk Score Breakdown
Lulo's highest risk area is Vitality Risk (5/10). Here's how each dimension contributes to the overall 25/100 score:
Read the Full Lulo 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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