Tapioca

Tapioca receives a D+ risk grade (65/100) from Hindenrank, where lower scores indicate lower risk. High risk — already hacked for $4.5M by nation-state attackers, with critical unpatched vulnerabilities across 15+ chains A lending protocol that works across 15+ blockchains simultaneously, letting you borrow on one chain using collateral on another. It holds about $10M in deposits. Its D- grade comes from a catastrophic $4.5M hack by North Korean actors in October 2024, critical smart contract bugs, and the extreme complexity of operating across so many networks at once.

The key risks identified for Tapioca are: (1) North Korean hackers stole $4.5M in October 2024 through a social engineering attack -- the TAP token crashed 96% and never recovered (2) Security audits found bugs that would let an attacker create unlimited fake collateral and drain every lending pool across all 15+ chains (3) The entire system depends on one messaging service (LayerZero) -- if it goes down, your money is stranded on whatever chain it happens to be on

Tapioca scores 65/100 across eight risk dimensions: Mechanism Novelty: 9/15, Interaction Severity: 18/20, Oracle Surface: 7/10, Documentation Gaps: 4/10, Track Record: 15/15, Scale Exposure: 3/10, Regulatory Risk: 3/10, Vitality Risk: 6/10. The highest risk area is Track Record at 15/15.

Among 90 rated Lending protocols on Hindenrank, Tapioca ranks #90 by safety (lowest risk score = safest). Its 65/100 risk score and D+ grade place it among the riskier Lending protocols.

Tapioca 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.