Meteora Vaults

Meteora Vaults receives a B- risk grade (34/100) from Hindenrank, where lower scores indicate lower risk. Meteora Vaults offers a convenient way to earn yield on Solana, but users are effectively trusting multiple layers of smart contract risk. The diversification across lending protocols provides some safety, but the FTX/Alameda legacy and dependency on downstream protocol security warrant caution. Best suited for Solana-native users comfortable with aggregator risk who want passive yield exposure. Meteora Vaults is a yield optimization product on Solana that automatically spreads your crypto deposits across multiple lending protocols to earn the best returns. Think of it as a smart savings account that constantly moves your money to wherever the interest rates are highest across Solana's DeFi ecosystem. It supports major assets like SOL, USDC, and USDT.

The key risks identified for Meteora Vaults are: (1) Your deposits are spread across other lending protocols — if any of those protocols get hacked, you could lose money even though Meteora itself wasn't attacked (2) Meteora was previously called Mercurial Finance and had ties to Alameda Research (FTX) — while rebranded, this legacy carries reputational risk (3) During Solana network congestion, the vaults may not be able to move your money fast enough to avoid losses (4) Some vault yields may be inflated by MET token rewards that could decrease over time

Meteora Vaults scores 34/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 6/20, Oracle Surface: 2/10, Documentation Gaps: 3/10, Track Record: 6/15, Scale Exposure: 5/10, Regulatory Risk: 2/10, Vitality Risk: 7/10. The highest risk area is Vitality Risk at 7/10.

Among 116 rated Yield protocols on Hindenrank, Meteora Vaults ranks #46 by safety (lowest risk score = safest). Its 34/100 risk score and B- grade place it in the middle tier of Yield protocols.

Meteora Vaults scores 6/15 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.