Loopscale

Loopscale receives a C risk grade (48/100) from Hindenrank, where lower scores indicate lower risk. High risk — confirmed exploit and exotic collateral pricing create ongoing oracle manipulation vulnerability A Solana lending protocol that matches lenders and borrowers through an order book and accepts exotic collateral types like Pendle yield tokens. It holds $91M in deposits. Its C- grade reflects a confirmed $5.8M exploit in April 2025 where attackers manipulated the price of exotic collateral to steal funds, plus thin documentation. The exploit funds were fully recovered, which moderates the track record penalty.

The key risks identified for Loopscale are: (1) Already hacked for $5.8M through a price manipulation attack on exotic collateral. The same type of attack could happen again with different collateral types. (2) Lending against unusual tokens like Pendle yield tokens requires custom price feeds. These feeds have fewer checks and balances than standard assets. (3) If the protocol suffers a second exploit, its reputation may not survive. A second breach would likely cause a permanent loss of user trust and deposits.

Loopscale scores 48/100 across eight risk dimensions: Mechanism Novelty: 2/15, Interaction Severity: 8/20, Oracle Surface: 10/10, Documentation Gaps: 7/10, Track Record: 10/15, Scale Exposure: 3/10, Regulatory Risk: 5/10, Vitality Risk: 3/10. The highest risk area is Oracle Surface at 10/10.

Among 90 rated Lending protocols on Hindenrank, Loopscale ranks #84 by safety (lowest risk score = safest). Its 48/100 risk score and C grade place it among the riskier Lending protocols.

Loopscale scores 10/15 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.