Aerodrome

Aerodrome receives a B- risk grade (32/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — dominant on Base with no contract exploits, but website attacks and bribable governance introduce real concerns The biggest decentralized exchange on the Base blockchain, where users swap tokens and earn fees by providing liquidity. It manages $209M in deposits with a $1B fully diluted valuation. Its B- grade reflects strong growth and no smart contract exploits, offset by a DNS hijacking attack and governance that can be captured through bribery.

The key risks identified for Aerodrome are: (1) Hackers hijacked the website's domain name, redirecting users to a fake site that could steal their funds. The smart contracts were unaffected, but anyone who visited the fake site was at risk. (2) Protocols can pay bribes to control where trading rewards go. The highest bidder wins, which means your liquidity pool could lose its incentives if someone outbids your pool's backers. (3) A planned merger with Velodrome across three different blockchains could fragment currently concentrated liquidity during the transition period.

Aerodrome scores 32/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 9/20, Oracle Surface: 0/10, Documentation Gaps: 3/10, Track Record: 3/15, Scale Exposure: 7/10, Regulatory Risk: 2/10, Vitality Risk: 5/10. The highest risk area is Scale Exposure at 7/10.

Among 111 rated DEX protocols on Hindenrank, Aerodrome ranks #48 by safety (lowest risk score = safest). Its 32/100 risk score and B- grade place it in the middle tier of DEX protocols.

Aerodrome scores 3/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.