Echo LendingMicro-cap

Echo Lending receives a C+ risk grade (37/100) from Hindenrank, where lower scores indicate lower risk. Elevated risk — May 2026 admin key exploit on a sister deployment, 90% TVL decline since June 2026, and apparent Aptos liquidity withdrawal signal acute viability concerns. The dual Chainlink+Pyth oracle (August 2025) is a positive structural improvement. Echo Lending is a lending and borrowing protocol on the Aptos blockchain with approximately $4.3M TVL as of July 2026. In May 2026, a compromised admin key on Echo's Monad deployment allowed unauthorized minting of synthetic Bitcoin — Aptos was not directly exploited but services were suspended pending an audit that found no Aptos-level issues. TVL subsequently declined from $46M to $4.3M in July 2026, driven primarily by the protocol withdrawing its own liquidity from Aptos, raising questions about the deployment's long-term continuity.

The key risks identified for Echo Lending are: (1) In May 2026, a compromised admin key on Echo's Monad deployment allowed unauthorized minting. While Aptos was audited clean, the same key management pattern — single admin key with no confirmed multisig or timelock — may still apply to Aptos contracts. (2) Echo Protocol pulled a large portion of its own liquidity from Aptos in July 2026, causing TVL to drop from $46M to approximately $4.3M. This may signal the protocol is scaling back or exiting its Aptos operations. (3) At under $5M TVL, Echo Lending on Aptos has limited liquidity depth, making it more vulnerable to liquidation failures during market stress.

Echo Lending scores 37/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 5/20, Oracle Surface: 3/10, Documentation Gaps: 4/10, Track Record: 9/15, Scale Exposure: 0/10, Regulatory Risk: 3/10, Vitality Risk: 10/10. The highest risk area is Vitality Risk at 10/10.

Among 99 rated Lending protocols on Hindenrank, Echo Lending ranks #54 by safety (lowest risk score = safest). Its 37/100 risk score and C+ grade place it in the middle tier of Lending protocols.

Echo Lending scores 9/15 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.