Capyfi

Capyfi receives a B risk grade (25/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — battle-tested Compound v2 codebase with professional audits, balanced by LaChain ecosystem immaturity and limited liquidation infrastructure depth. Capyfi is a Compound v2 fork deployed on LaChain, providing overcollateralized lending and borrowing with KYC/AML access controls, primarily serving the LATAM market. With $97M in TVL and audits from OpenZeppelin and Coinspect, its B grade reflects the battle-tested Compound v2 codebase offset by the risks of operating on a less-established blockchain with limited liquidation infrastructure.

The key risks identified for Capyfi are: (1) Capyfi runs on LaChain, a less-established blockchain with fewer active participants than Ethereum. During a market crash, there may not be enough liquidators to process underwater positions, potentially creating bad debt that affects depositors. (2) The protocol requires KYC/AML verification to access, which adds centralization. The entity managing the whitelist has significant control over who can participate. (3) While the codebase is based on the well-audited Compound v2, the specific deployment on LaChain has a shorter operational track record.

Capyfi scores 25/100 across eight risk dimensions: Mechanism Novelty: 0/15, Interaction Severity: 3/20, Oracle Surface: 2/10, Documentation Gaps: 2/10, Track Record: 6/15, Scale Exposure: 3/10, Regulatory Risk: 5/10, Vitality Risk: 4/10. The highest risk area is Regulatory Risk at 5/10.

Among 90 rated Lending protocols on Hindenrank, Capyfi ranks #3 by safety (lowest risk score = safest). Its 25/100 risk score and B grade place it among the safer Lending protocols.

Capyfi 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.