BalancerMicro-cap

Balancer receives a C- risk grade (51/100) from Hindenrank, where lower scores indicate lower risk. Elevated risk — $128M exploit in November 2025 was Balancer's third major incident, and vulnerable V2 pools remain active across multiple chains during migration A decentralized exchange known for customizable pool weights and composable stable pools. It holds $106M in deposits, down 58% from $775M after a $128M exploit in November 2025 caused by a rounding error in its pool math. Its C- grade reflects the severe recent exploit and ongoing migration risk from vulnerable V2 pools.

The key risks identified for Balancer are: (1) A $128M hack in November 2025 exploited a math error in the pool calculations. This was Balancer's third major security incident. (2) Old V2 pool contracts with known vulnerabilities are still active across multiple blockchains. Your funds may be in these vulnerable pools until migration to V3 is complete. (3) 58% of deposits left after the exploit. If another vulnerability is found, the remaining depositors face concentrated risk.

Balancer scores 51/100 across eight risk dimensions: Mechanism Novelty: 0/15, Interaction Severity: 17/20, Oracle Surface: 2/10, Documentation Gaps: 5/10, Track Record: 15/15, Scale Exposure: 5/10, Regulatory Risk: 2/10, Vitality Risk: 5/10. The highest risk area is Track Record at 15/15.

Among 111 rated DEX protocols on Hindenrank, Balancer ranks #106 by safety (lowest risk score = safest). Its 51/100 risk score and C- grade place it among the riskier DEX protocols.

Balancer scores 15/15 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.