SpectraMicro-cap
Moderate risk — useful yield trading tool, but dangerously concentrated in one yield source and already has a past exploit on its record
Top Risks
1
Heavy TVL concentration in Resolv USR yield tokenization creates single-source dependency — a USR depeg would cascade through 30-50% of Spectra's pools
2
July 2024 router exploit ($73K lost) demonstrated peripheral contract vulnerabilities that could recur at much larger scale given 10x TVL growth
3
Permissionless pool creation means anyone can create markets on risky or illiquid yield-bearing assets, creating tail-risk pools that could harm platform reputation
Risk Breakdown
Frequently Asked Questions
Is Spectra safe to use?
Spectra receives a C+ risk grade (38/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — useful yield trading tool, but dangerously concentrated in one yield source and already has a past exploit on its record A yield trading platform where you can lock in fixed returns or bet on future interest rates by splitting yield-bearing tokens into principal and yield components. It holds $200M with $3.6M in funding. Its C+ grade reflects heavy concentration in a single yield source and a past smart contract exploit.
What are the main risks of using Spectra?
The key risks identified for Spectra are: (1) 30-50% of all deposits are tied to a single yield source (Resolv USR). If that one source loses its peg or stops paying yield, half of Spectra's pools collapse simultaneously (2) In July 2024, a bug in the router contract let hackers drain tokens from user wallets. Only $73K was lost because TVL was small then. At 10x the current size, the same type of bug would cost millions (3) Anyone can create new yield markets for any token, including scams. A rug pull on a fake yield source creates pools where your principal can never be recovered
What is Spectra's risk score breakdown?
Spectra scores 38/100 across eight risk dimensions: Mechanism Novelty: 5/15, Interaction Severity: 8/20, Oracle Surface: 3/10, Documentation Gaps: 3/10, Track Record: 6/15, Scale Exposure: 3/10, Regulatory Risk: 2/10, Vitality Risk: 8/10. The highest risk area is Vitality Risk at 8/10.
How does Spectra compare to other Yield protocols?
Among 112 rated Yield protocols on Hindenrank, Spectra ranks #65 by safety (lowest risk score = safest). Its 38/100 risk score and C+ grade place it in the middle tier of Yield protocols.
Has Spectra ever been hacked or exploited?
Spectra 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.
Last scanned 2026-02-20