SpringSui

SpringSui receives a B risk grade (24/100) from Hindenrank, where lower scores indicate lower risk. Lower risk — instant unstaking significantly mitigates depeg risk, but shared-team ecosystem concentration with Suilend creates correlated failure scenarios SpringSui is the leading liquid staking protocol on Sui, letting you stake SUI and receive sSUI that earns staking rewards while staying usable in DeFi. Built by the Suilend team, it features instant unstaking — you can convert sSUI back to SUI in one transaction, unlike most liquid staking protocols. It has been audited by Zellic and OtterSec. Its B+ grade reflects strong fundamentals and the instant unstake safety feature.

The key risks identified for SpringSui are: (1) sSUI is heavily used as collateral on Suilend — if SUI crashes, a cascade of liquidations could temporarily push sSUI below its fair value (2) SpringSui and Suilend share the same team and code — a bug in one could affect both, putting the two biggest Sui DeFi protocols at risk simultaneously (3) The permissionless LST standard means anyone can create fake or low-quality liquid staking tokens that might confuse users

SpringSui scores 24/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 5/20, Oracle Surface: 1/10, Documentation Gaps: 1/10, Track Record: 2/15, Scale Exposure: 3/10, Regulatory Risk: 2/10, Vitality Risk: 7/10. The highest risk area is Vitality Risk at 7/10.

Among 81 rated Liquid Staking protocols on Hindenrank, SpringSui ranks #11 by safety (lowest risk score = safest). Its 24/100 risk score and B grade place it among the safer Liquid Staking protocols.

SpringSui scores 2/15 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.