Is VenomStake Safe?
Risk Grade: C+ (40/100)
VenomStake is rated as elevated risk — multiple novel mechanisms and notable interaction risks.
Moderate risk — standard liquid staking design, but very new chain and limited documentation increase uncertainty.
VenomStake is a liquid staking protocol on the Venom blockchain that lets you stake VENOM tokens while receiving a liquid token representing your staked position. With $20M in TVL, it offers standard staking rewards on a relatively new blockchain that launched its mainnet in March 2024. The protocol uses conventional liquid staking mechanics without novel design elements.
TVL
$18M
Mechanisms
5
Interactions
4
Value Grade
D
Key Risks for VenomStake Users
Very new blockchain: Venom launched its mainnet in March 2024, making both the chain and VenomStake among the least battle-tested options in the liquid staking space. New chains are more likely to experience technical issues.
Limited documentation: VenomStake's smart contract details, fee structure, and security audit information are not comprehensively documented publicly, making it harder to assess the protocol's safety.
Small ecosystem: The Venom DeFi ecosystem is still developing, which means your liquid staking token may have limited utility beyond basic staking — reducing the main advantage of liquid staking over native staking.
Top Risk Factors
- •Venom blockchain launched mainnet in March 2024 with under 2 years of production operation, limiting battle-testing of both the chain and the staking protocol
- •Limited documentation for VenomStake itself — staking mechanics and smart contract details are not comprehensively documented publicly
- •Small DeFi ecosystem on Venom means limited composability and exit liquidity for liquid staking tokens
- •Dependency on Venom chain health — if the L0/L1 chain experiences issues, all staked assets and rewards are at risk
Risk Score Breakdown
VenomStake's highest risk area is Track Record (12/15). Here's how each dimension contributes to the overall 40/100 score:
Read the Full VenomStake 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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