Step FinanceMicro-cap

Step Finance receives a C+ risk grade (41/100) from Hindenrank, where lower scores indicate lower risk. High risk — a $30M treasury theft via device compromise, 90% token crash, and uncertain protocol viability make this one of the most damaged protocols in Solana DeFi A Solana portfolio dashboard and swap tool that was hacked in January 2026. An executive's personal device was compromised, and attackers stole 261,854 SOL ($30M) from the treasury. The STEP token crashed 90%. Its C- grade reflects the devastating security breach and uncertain future without treasury funding.

The key risks identified for Step Finance are: (1) Hackers stole $30M by compromising an executive's device, not by breaking the smart contracts. The treasury that funded development, operations, and growth is gone (2) The STEP token lost 90% of its value after the hack. If you staked STEP to earn fees via xSTEP, those fees are now nearly worthless (3) The full scope of the device compromise is unclear. If the attacker also got admin keys for the swap tool, they could potentially manipulate trade routing to steal from users swapping through Step

Step Finance scores 41/100 across eight risk dimensions: Mechanism Novelty: 2/15, Interaction Severity: 11/20, Oracle Surface: 0/10, Documentation Gaps: 5/10, Track Record: 15/15, Scale Exposure: 0/10, Regulatory Risk: 2/10, Vitality Risk: 6/10. The highest risk area is Track Record at 15/15.

Among 68 rated DeFi protocols on Hindenrank, Step Finance ranks #54 by safety (lowest risk score = safest). Its 41/100 risk score and C+ grade place it among the riskier DeFi protocols.

Step Finance scores 15/15 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.