Project 0 brings a genuine innovation (multi-venue unified margin) to Solana DeFi, backed by strong investors and rapid adoption. However, unified margin is a double-edged sword — it improves capital efficiency but creates cross-venue liquidation risk that doesn't exist when using protocols independently. Very new with untested code under market stress. Suitable for sophisticated DeFi users who understand leverage risks, not for passive depositors.
Top Risks
1
Unified margin across multiple protocols creates correlated liquidation risk — a failure in one venue can cascade to all positions
2
Very new protocol (launched Sept 2025) with limited battle-testing despite rapid TVL growth ($230M supplied in 48 hours)
3
Built on marginfi infrastructure — inherits any legacy technical debt or vulnerabilities from that codebase
Risk Breakdown
Frequently Asked Questions
Is Project 0 safe to use?
Project 0 receives a B- risk grade (28/100) from Hindenrank, where lower scores indicate lower risk. Project 0 brings a genuine innovation (multi-venue unified margin) to Solana DeFi, backed by strong investors and rapid adoption. However, unified margin is a double-edged sword — it improves capital efficiency but creates cross-venue liquidation risk that doesn't exist when using protocols independently. Very new with untested code under market stress. Suitable for sophisticated DeFi users who understand leverage risks, not for passive depositors. Project 0 is a DeFi prime broker on Solana that lets you borrow against your entire portfolio, even if your assets are spread across different lending and trading platforms (Kamino, Drift, Jupiter). Instead of managing separate collateral on each platform, Project 0 treats everything as one account — making your capital more efficient.
What are the main risks of using Project 0?
The key risks identified for Project 0 are: (1) If one of your positions drops sharply on Drift, it can trigger liquidation of your Kamino deposits too — all positions are connected (2) The protocol launched in September 2025 and hasn't been through a major market stress test yet (3) Much of the current TVL may be from airdrop farmers who will leave when the token launches
What is Project 0's risk score breakdown?
Project 0 scores 28/100 across eight risk dimensions: Mechanism Novelty: 5/15, Interaction Severity: 5/20, Oracle Surface: 3/10, Documentation Gaps: 2/10, Track Record: 1/15, Scale Exposure: 3/10, Regulatory Risk: 5/10, Vitality Risk: 4/10. The highest risk area is Regulatory Risk at 5/10.
How does Project 0 compare to other Lending protocols?
Among 90 rated Lending protocols on Hindenrank, Project 0 ranks #10 by safety (lowest risk score = safest). Its 28/100 risk score and B- grade place it among the safer Lending protocols.
Has Project 0 ever been hacked or exploited?
Project 0 scores 1/15 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.