Makina

Makina receives a C risk grade (48/100) from Hindenrank, where lower scores indicate lower risk. Elevated risk — an innovative DeFi execution engine with a novel architecture, but a recent security exploit and short track record significantly elevate the risk profile. Makina is a DeFi execution engine that allows professional operators and AI agents to run automated yield strategies across multiple EVM chains on behalf of depositors. Using its novel Machine/Caliber architecture, it provides institutional-grade strategy execution with governance-defined risk controls. However, the protocol suffered a $4.2M hack shortly after launch, and its novel architecture remains largely untested. The MAK token captures value through buybacks and governance staking.

The key risks identified for Makina are: (1) Makina was hacked for $4.2M shortly after launch — this demonstrates real smart contract vulnerabilities in its execution engine (2) Professional operators control how your deposits are invested — if an operator makes a bad call or acts maliciously, your funds are at risk (3) The Machine/Caliber architecture is entirely new with no proven track record in DeFi — novel systems carry higher risk of undiscovered bugs

Makina scores 48/100 across eight risk dimensions: Mechanism Novelty: 6/15, Interaction Severity: 9/20, Oracle Surface: 5/10, Documentation Gaps: 4/10, Track Record: 12/15, Scale Exposure: 3/10, Regulatory Risk: 4/10, Vitality Risk: 5/10. The highest risk area is Track Record at 12/15.

Among 68 rated DeFi protocols on Hindenrank, Makina ranks #63 by safety (lowest risk score = safest). Its 48/100 risk score and C grade place it among the riskier DeFi protocols.

Makina 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.