Beets (Beethoven X)Micro-cap

Beets (Beethoven X) receives a B- risk grade (33/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — well-tested Balancer fork mechanics but inherited V2 vulnerabilities and new chain deployment create meaningful uncertainty The primary decentralized exchange and liquid staking platform on the Sonic blockchain, built as a fork of Balancer V2. It holds $1M in deposits and provides the stS liquid staking token used across Sonic DeFi. Its B grade reflects standard well-tested mechanisms and small scale, offset by inherited Balancer V2 vulnerabilities and new chain risk.

The key risks identified for Beets (Beethoven X) are: (1) Beets uses the same code as Balancer, which was hacked for $128M in November 2025. The same vulnerability could potentially affect Beets pools. (2) The stS staking token is used throughout Sonic DeFi. If it loses its peg, the impact cascades across every lending protocol on Sonic. (3) Sonic is a new blockchain. If the chain goes down, all your DEX positions and staking become inaccessible.

Beets (Beethoven X) scores 33/100 across eight risk dimensions: Mechanism Novelty: 0/15, Interaction Severity: 10/20, Oracle Surface: 2/10, Documentation Gaps: 3/10, Track Record: 6/15, Scale Exposure: 0/10, Regulatory Risk: 2/10, Vitality Risk: 10/10. The highest risk area is Vitality Risk at 10/10.

Among 111 rated DEX protocols on Hindenrank, Beets (Beethoven X) ranks #54 by safety (lowest risk score = safest). Its 33/100 risk score and B- grade place it in the middle tier of DEX protocols.

Beets (Beethoven X) scores 6/15 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.