Dinero

Dinero receives a C risk grade (45/100) from Hindenrank, where lower scores indicate lower risk. Dinero is a wind-down. The Plume acquisition and DAO dissolution mean this is no longer an investable liquid staking protocol. Remaining pxETH holders should prioritize orderly exit. Dinero (Pirex ETH) was a boutique ETH liquid staking protocol with a novel two-token design (pxETH + apxETH). In October 2025, the Dinero DAO voted 99%+ to dissolve via acquisition by Plume Network. Assets were migrated to plumeETH, and TVL collapsed from ~$90M to ~$4M. The protocol is effectively in wind-down mode. Remaining holders still hold pxETH that can be redeemed, but DEX liquidity is near-zero. The DINERO governance token has lost 90%+ of value. For new users, this is a stranded position, not an active investment.

The key risks identified for Dinero are: (1) Protocol is in acquisition-driven wind-down — Dinero DAO voted to dissolve in October 2025; the deal may or may not have formally closed (2) Remaining $4M TVL has near-zero DEX liquidity; pxETH exit requires either buffer redemption or validator exit queue (3) Buffer is finite — under any redemption pressure you could be queued for multi-day validator exits with no liquid exit available (4) DINERO governance token has lost 90%+ of value; redemption contract at 10% premium exists but timing is uncertain (5) apxETH holders absorb 100% of any future slashing losses while pxETH holders are insulated — easy to misread

Dinero scores 45/100 across eight risk dimensions: Mechanism Novelty: 8/15, Interaction Severity: 9/20, Oracle Surface: 5/10, Documentation Gaps: 5/10, Track Record: 6/15, Scale Exposure: 0/10, Regulatory Risk: 4/10, Vitality Risk: 8/10. The highest risk area is Vitality Risk at 8/10.

Among 87 rated Liquid Staking protocols on Hindenrank, Dinero ranks #80 by safety (lowest risk score = safest). Its 45/100 risk score and C grade place it among the riskier Liquid Staking protocols.

Dinero 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.