Moonwell Vaults

Moonwell Vaults receives a C risk grade (45/100) from Hindenrank, where lower scores indicate lower risk. Moonwell Vaults offer convenient exposure to Morpho lending yields with professional curation. However, the protocol's track record of three security incidents in twelve months, combined with the discontinued bug bounty and ongoing curator transition, creates elevated risk. The underlying Morpho infrastructure is solid, but Moonwell's integration layer has demonstrated persistent vulnerability to oracle attacks. Only suitable for risk-aware users who closely monitor security developments. Moonwell Vaults is a yield product that deposits your crypto into Morpho lending markets on Base to earn returns from borrower interest. A professional risk curator decides which markets your money goes to and how much goes where, while the vault automatically reinvests your earnings. Think of it as hiring a fund manager who allocates your deposits across different lending opportunities.

The key risks identified for Moonwell Vaults are: (1) Moonwell has been exploited three times in the past year ($320K in Dec 2024, $1.7M in Oct 2025, $1M in Nov 2025) — a concerning pattern of repeated security failures (2) The protocol discontinued its bug bounty program before the latest exploits, meaning fewer security researchers are looking for vulnerabilities (3) Your money is managed by a risk curator (recently changed from Block Analitica to Anthias Labs) — you are trusting their judgment on which markets are safe (4) The November 2025 exploit was caused by a Chainlink oracle glitch — the same type of failure could happen again

Moonwell Vaults scores 45/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 10/20, Oracle Surface: 4/10, Documentation Gaps: 3/10, Track Record: 12/15, Scale Exposure: 3/10, Regulatory Risk: 3/10, Vitality Risk: 7/10. The highest risk area is Track Record at 12/15.

Among 116 rated Yield protocols on Hindenrank, Moonwell Vaults ranks #102 by safety (lowest risk score = safest). Its 45/100 risk score and C grade place it among the riskier Yield protocols.

Moonwell Vaults 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.