Meta Pool ETH

Meta Pool ETH receives a C risk grade (45/100) from Hindenrank, where lower scores indicate lower risk. Elevated risk — recent smart contract exploit and small scale raise concerns despite the standard liquid staking design. Meta Pool ETH lets you stake ETH and receive mpETH, a liquid token that earns staking rewards while remaining usable in DeFi. With about $21M staked, it is a smaller liquid staking provider on Ethereum. The protocol received a C risk grade largely due to a major smart contract exploit in June 2025 where $27M in unauthorized tokens were minted, raising serious questions about code quality even though most funds were recovered.

The key risks identified for Meta Pool ETH are: (1) Smart contract exploit history: Meta Pool suffered a critical vulnerability in June 2025 that allowed $27M in unauthorized token minting. While only $132K was stolen due to low liquidity, the bug exposed fundamental code quality concerns. The contract has been patched, but the incident is recent. (2) Small protocol risk: With $21M in TVL, Meta Pool ETH is a tiny fraction of the liquid staking market dominated by Lido and Rocket Pool. Smaller protocols have less security review, fewer integrations, and higher risk of becoming unviable if TVL drops further. (3) Dependency on SSV Network: Meta Pool relies on SSV Network operators for validator duties rather than running its own infrastructure. While this adds fault tolerance, it introduces dependency on a third party for your staking returns.

Meta Pool ETH scores 45/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 6/20, Oracle Surface: 5/10, Documentation Gaps: 4/10, Track Record: 15/15, Scale Exposure: 3/10, Regulatory Risk: 3/10, Vitality Risk: 6/10. The highest risk area is Track Record at 15/15.

Among 81 rated Liquid Staking protocols on Hindenrank, Meta Pool ETH ranks #77 by safety (lowest risk score = safest). Its 45/100 risk score and C grade place it among the riskier Liquid Staking protocols.

Meta Pool ETH scores 15/15 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.