Concentrator is a well-designed yield optimizer with a clean track record and reasonable risk for the Curve/Convex ecosystem. The main risks are dependency on the upstream Curve/Convex contracts (which have had exploits) and CRV token price exposure for yield. Suitable for users who are already bullish on the Curve ecosystem and want optimized yield without manual management.
Top Risks
1
Concentrator is built entirely on top of Curve and Convex. A smart contract exploit in either underlying protocol would directly impact all Concentrator vaults and could result in total loss of deposited funds.
2
Auto-compounding concentrates rewards into aCRV (cvxCRV) and aFXS (cvxFXS), creating single-asset concentration risk. If CRV or FXS tokens lose significant value, all concentrated yield is denominated in a declining asset.
3
The protocol relies on periodic harvesting and reward swapping. If swap routes become inefficient or are manipulated (sandwich attacks on large harvest transactions), the effective yield for depositors decreases.
Risk Breakdown
Frequently Asked Questions
Is Concentrator safe to use?
Concentrator receives a B- risk grade (32/100) from Hindenrank, where lower scores indicate lower risk. Concentrator is a well-designed yield optimizer with a clean track record and reasonable risk for the Curve/Convex ecosystem. The main risks are dependency on the upstream Curve/Convex contracts (which have had exploits) and CRV token price exposure for yield. Suitable for users who are already bullish on the Curve ecosystem and want optimized yield without manual management. Concentrator by AladdinDAO is a yield optimizer that makes Curve and Convex farming simpler and more profitable. Instead of earning scattered reward tokens from various Curve liquidity pools, Concentrator harvests all rewards and automatically compounds them into aCRV (a wrapped version of cvxCRV that auto-compounds). Users deposit their Curve LP tokens, and the protocol handles all the harvesting, swapping, and compounding automatically, claiming up to 50% more yield than manual farming. Depositors can withdraw their gains in CRV, CVX, or ETH at their preferred time.
What are the main risks of using Concentrator?
The key risks identified for Concentrator are: (1) Your funds flow through THREE layers of smart contracts (Concentrator, Convex, Curve) - a bug in ANY of them could lose your money (2) All your yield is converted to CRV tokens via aCRV - if CRV price drops 50%, your earned yield is worth 50% less in dollar terms (3) The protocol is controlled by the AladdinDAO multisig team - if their keys are compromised, vault funds could be at risk
What is Concentrator's risk score breakdown?
Concentrator scores 32/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 6/20, Oracle Surface: 3/10, Documentation Gaps: 3/10, Track Record: 3/15, Scale Exposure: 3/10, Regulatory Risk: 4/10, Vitality Risk: 7/10. The highest risk area is Vitality Risk at 7/10.
How does Concentrator compare to other Yield protocols?
Among 112 rated Yield protocols on Hindenrank, Concentrator ranks #31 by safety (lowest risk score = safest). Its 32/100 risk score and B- grade place it among the safer Yield protocols.
Has Concentrator ever been hacked or exploited?
Concentrator 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.