Templar ProtocolMicro-cap

Templar Protocol receives a C+ risk grade (39/100) from Hindenrank, where lower scores indicate lower risk. Elevated risk — innovative cross-chain lending approach using MPC, but novel infrastructure and limited track record introduce significant uncertainty around collateral safety. Templar Protocol enables borrowing stablecoins against native Bitcoin, Ethereum, Stellar, and other chain assets without bridges or wrapped tokens, using multi-party computation (MPC) for cross-chain collateral management. With ~$17M TVL and $4M in pre-seed funding, it is an early-stage protocol pursuing a technically ambitious cross-chain lending approach.

The key risks identified for Templar Protocol are: (1) Uses novel MPC technology for cross-chain collateral management that has not been battle-tested at scale — if the MPC network fails, collateral could be frozen (2) Cross-chain liquidations are more complex and slower than single-chain liquidations, which could lead to bad debt during rapid market downturns (3) Very early-stage protocol with limited operating history — the technology is experimental and risks are harder to quantify

Templar Protocol scores 39/100 across eight risk dimensions: Mechanism Novelty: 6/15, Interaction Severity: 7/20, Oracle Surface: 7/10, Documentation Gaps: 4/10, Track Record: 6/15, Scale Exposure: 3/10, Regulatory Risk: 4/10, Vitality Risk: 2/10. The highest risk area is Oracle Surface at 7/10.

Among 90 rated Lending protocols on Hindenrank, Templar Protocol ranks #60 by safety (lowest risk score = safest). Its 39/100 risk score and C+ grade place it in the middle tier of Lending protocols.

Templar Protocol 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.