Edgevana

Edgevana receives a B- risk grade (28/100) from Hindenrank, where lower scores indicate lower risk. Lower risk — solid infrastructure-backed LST with battle-tested code, but thin liquidity and single-provider validator concentration are notable limitations Edgevana is a Solana liquid staking protocol that lets you stake SOL and receive edgeSOL, a token that earns staking rewards while staying usable in DeFi. It is powered by Edgevana, a Solana infrastructure provider, and delegates to top validators on their hardware. The protocol charges some of the lowest fees in Solana staking and uses the battle-tested SPL Stake Pool program (audited 9 times). Its B grade reflects solid underlying infrastructure with manageable risks.

The key risks identified for Edgevana are: (1) edgeSOL has less trading liquidity than major Solana LSTs like JitoSOL — in a market crash, edgeSOL could drop below its fair value more severely (2) All validators in the pool run on Edgevana's servers — if Edgevana has an outage, all validators go down together unlike more diversified pools (3) No governance token means you have no say in how the protocol operates or which validators are included

Edgevana scores 28/100 across eight risk dimensions: Mechanism Novelty: 2/15, Interaction Severity: 6/20, Oracle Surface: 1/10, Documentation Gaps: 2/10, Track Record: 3/15, Scale Exposure: 3/10, Regulatory Risk: 3/10, Vitality Risk: 8/10. The highest risk area is Vitality Risk at 8/10.

Among 81 rated Liquid Staking protocols on Hindenrank, Edgevana ranks #24 by safety (lowest risk score = safest). Its 28/100 risk score and B- grade place it among the safer Liquid Staking protocols.

Edgevana 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.