Is OpenGDP Shared Security Safe?
Risk Grade: C+ (40/100)
OpenGDP Shared Security is rated as elevated risk — multiple novel mechanisms and notable interaction risks.
Elevated risk — novel multi-asset restaking with leverage-like exposure and cross-chain dependencies, partially offset by institutional-grade security ambitions.
OpenGDP (formerly Karak Network) is a multi-asset restaking protocol allowing users to restake ETH, WBTC, and stablecoins to secure decentralized services with $34M TVL. Its C+ grade reflects novel multi-asset and multi-chain restaking creating leverage-like exposure, cross-chain bridge dependencies, and execution risk from a recent rebrand and L1 pivot.
TVL
$29M
Mechanisms
5
Interactions
4
Value Grade
D-
Key Risks for OpenGDP Shared Security Users
Restaking the same collateral to back multiple services creates leverage-like risk. If multiple services slash simultaneously, losses could be much larger than expected.
Multi-chain restaking depends on cross-chain messaging. If bridges go down, security guarantees may not be enforceable.
The project recently rebranded from Karak to OpenGDP and is building an L1. This dual focus creates execution risk.
The GDP token is new and its value depends on growing demand for shared security services.
Top Risk Factors
- •Multi-asset restaking creates correlated slashing risk — if a DSS has issues, restaked ETH, WBTC, and stablecoins could be simultaneously slashed.
- •Same collateral backing multiple DSS creates leverage-like risk where one validator failure cascades across all services.
- •Recent rebrand from Karak to OpenGDP and pivot to L1 introduces execution risk.
- •Multi-chain restaking introduces bridge dependencies for staking operations.
How OpenGDP Shared Security Compares to Peers
OpenGDP Shared Security ranks #12 of 26 Restaking protocols (above-median). At a risk score of 40/100, it's 3 points safer than the sector average of 43/100.
Adjacent peers: SolvBTC LSTs (C+, 38/100) is ranked just safer, and Bedrock uniETH (C+, 41/100) is ranked just riskier.
See the full Restaking sector leaderboard or the OpenGDP Shared Security vs Bedrock uniETH comparison.
Common Questions about OpenGDP Shared Security
Plain-English answers based on OpenGDP Shared Security's scores across Hindenrank's 8 risk dimensions. The highest-scoring (riskiest) dimension is Vitality Risk (8/10).
Has OpenGDP Shared Security ever been hacked or exploited?
OpenGDP Shared Security has had some operational issues or moderate incidents in its history. The track record dimension scored 6/15 — not catastrophic, but enough to flag. Look at the specific events and whether they were addressed by the team before drawing conclusions.
How much money is at stake in OpenGDP Shared Security?
OpenGDP Shared Security currently holds roughly $29M in user deposits. Smaller TVL means individual depositors carry a larger share of any loss event, and it can be harder to exit a position quickly during stress.
What's the worst-case scenario for OpenGDP Shared Security?
Hindenrank has identified specific collapse scenarios for OpenGDP Shared Security. The most prominent: "Correlated DSS Slashing Cascade". The trigger condition is Two or more DSS trigger slashing simultaneously during market downturn, with total slashing exceeding 30% of restaked value. Reading through the full scenario list on the protocol page is the single best way to understand the actual failure modes — generic "smart contract risk" is rarely the thing that takes a protocol down.
Is OpenGDP Shared Security regulated or insured?
OpenGDP Shared Security has low regulatory exposure on Hindenrank's framework (3/10). The protocol is structured in a way that minimizes counterparty and jurisdiction concentration, though regulatory risk in crypto can change rapidly. No DeFi protocol carries FDIC-style insurance — even with low regulatory risk, depositors are not protected in the way bank customers are.
What are the biggest red flags for OpenGDP Shared Security?
Hindenrank's retail-focused risk audit flagged: Restaking the same collateral to back multiple services creates leverage-like risk. If multiple services slash simultaneously, losses could be much larger than expected. Multi-chain restaking depends on cross-chain messaging. If bridges go down, security guarantees may not be enforceable. The project recently rebranded from Karak to OpenGDP and is building an L1. This dual focus creates execution risk.
Should beginners deposit into OpenGDP Shared Security?
OpenGDP Shared Security's C+ grade puts it in the elevated-risk band. This is not a beginner-friendly protocol. Anyone depositing here should treat the position as speculative and avoid concentrating significant savings in it.
How does OpenGDP Shared Security compare to safer Restaking alternatives?
OpenGDP Shared Security is one protocol in Hindenrank's Restaking coverage. The safest Restaking protocols on the leaderboard tend to share three traits: a long incident-free track record, conservative mechanism design, and high-quality public documentation. Compare OpenGDP Shared Security against the full Restaking ranking before committing capital.
For the full 8-dimension score breakdown, the radar chart, and dependency graph, see the OpenGDP Shared Security risk report.
Read the Full OpenGDP Shared Security 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 →Dig deeper
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