Lolik Liquid Staking

Lolik Liquid Staking receives a C risk grade (45/100) from Hindenrank, where lower scores indicate lower risk. Higher risk — standard liquid staking mechanics but concentrated on a small new chain (Bahamut) with sparse documentation, no published audits, and minimal DeFi ecosystem for LST utility Lolik is a liquid staking platform that lets users stake FTN (Fasttoken), ETH, and MATIC tokens to earn daily staking rewards while receiving liquid staking tokens that can theoretically be used in other DeFi activities. The majority of its approximately $30M in deposits is FTN staked on the Bahamut blockchain. Lolik acts as an intermediary between stakers and node operators, using a standard liquid staking model. However, the protocol has very limited public documentation, no publicly available audit reports, and operates primarily on Bahamut — a relatively new and small EVM chain with limited decentralization and DeFi ecosystem depth.

The key risks identified for Lolik Liquid Staking are: (1) Most of Lolik's deposits are in FTN on the Bahamut blockchain, which is a small and relatively new chain. If Bahamut experiences technical issues or validator failures, your staked assets could be frozen or at risk. (2) There are no publicly available audit reports for Lolik's smart contracts. For a protocol managing $30M in user deposits, the absence of published security audits is a significant concern. (3) Liquid staking tokens from Lolik have minimal DeFi utility — the Bahamut ecosystem has very few protocols where you can actually use these tokens, making them effectively illiquid despite the name.

Lolik Liquid Staking scores 45/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 6/20, Oracle Surface: 4/10, Documentation Gaps: 8/10, Track Record: 12/15, Scale Exposure: 0/10, Regulatory Risk: 3/10, Vitality Risk: 9/10. The highest risk area is Vitality Risk at 9/10.

Among 83 rated Liquid Staking protocols on Hindenrank, Lolik Liquid Staking ranks #80 by safety (lowest risk score = safest). Its 45/100 risk score and C grade place it among the riskier Liquid Staking protocols.

Lolik Liquid Staking scores 12/15 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.