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
Top Risks
1
Lolik's TVL is heavily concentrated on Bahamut, a relatively new and small EVM chain. Bahamut itself has limited decentralization, few validators, and a short track record, making chain-level risk the dominant concern.
2
Very limited public documentation, no published audit reports, and sparse technical details make independent risk assessment nearly impossible — the protocol operates largely as a black box.
3
FTN (Fasttoken) is the primary staked asset, concentrating exposure in a single token with limited liquidity and DeFi composability outside the Bahamut ecosystem.
Risk Breakdown
Frequently Asked Questions
Is Lolik Liquid Staking safe to use?
Lolik Liquid Staking receives a C risk grade (48/100) 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.
What are the main risks of using Lolik Liquid Staking?
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.
What is Lolik Liquid Staking's risk score breakdown?
Lolik Liquid Staking scores 48/100 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: 3/10, Regulatory Risk: 3/10, Vitality Risk: 9/10. The highest risk area is Vitality Risk at 9/10.
How does Lolik Liquid Staking compare to other Liquid Staking protocols?
Among 81 rated Liquid Staking protocols on Hindenrank, Lolik Liquid Staking ranks #80 by safety (lowest risk score = safest). Its 48/100 risk score and C grade place it among the riskier Liquid Staking protocols.
Has Lolik Liquid Staking ever been hacked or exploited?
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.