Is Project 0 Safe?
Risk Grade: B- (28/100)
Project 0 is rated as moderate risk — some novel mechanisms, generally well-understood.
Project 0 brings a genuine innovation (multi-venue unified margin) to Solana DeFi, backed by strong investors and rapid adoption. However, unified margin is a double-edged sword — it improves capital efficiency but creates cross-venue liquidation risk that doesn't exist when using protocols independently. Very new with untested code under market stress. Suitable for sophisticated DeFi users who understand leverage risks, not for passive depositors.
Project 0 is a DeFi prime broker on Solana that lets you borrow against your entire portfolio, even if your assets are spread across different lending and trading platforms (Kamino, Drift, Jupiter). Instead of managing separate collateral on each platform, Project 0 treats everything as one account — making your capital more efficient.
TVL
$89M
Mechanisms
5
Interactions
4
Value Grade
D-
Key Risks for Project 0 Users
If one of your positions drops sharply on Drift, it can trigger liquidation of your Kamino deposits too — all positions are connected
The protocol launched in September 2025 and hasn't been through a major market stress test yet
Much of the current TVL may be from airdrop farmers who will leave when the token launches
Top Risk Factors
- •Unified margin across multiple protocols creates correlated liquidation risk — a failure in one venue can cascade to all positions
- •Very new protocol (launched Sept 2025) with limited battle-testing despite rapid TVL growth ($230M supplied in 48 hours)
- •Built on marginfi infrastructure — inherits any legacy technical debt or vulnerabilities from that codebase
Risk Score Breakdown
Project 0's highest risk area is Regulatory Risk (5/10). Here's how each dimension contributes to the overall 28/100 score:
Read the Full Project 0 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?