VenomStake

VenomStake receives a C+ risk grade (40/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — standard liquid staking design, but very new chain and limited documentation increase uncertainty. VenomStake is a liquid staking protocol on the Venom blockchain that lets you stake VENOM tokens while receiving a liquid token representing your staked position. With $20M in TVL, it offers standard staking rewards on a relatively new blockchain that launched its mainnet in March 2024. The protocol uses conventional liquid staking mechanics without novel design elements.

The key risks identified for VenomStake are: (1) Very new blockchain: Venom launched its mainnet in March 2024, making both the chain and VenomStake among the least battle-tested options in the liquid staking space. New chains are more likely to experience technical issues. (2) Limited documentation: VenomStake's smart contract details, fee structure, and security audit information are not comprehensively documented publicly, making it harder to assess the protocol's safety. (3) Small ecosystem: The Venom DeFi ecosystem is still developing, which means your liquid staking token may have limited utility beyond basic staking — reducing the main advantage of liquid staking over native staking.

VenomStake scores 40/100 across eight risk dimensions: Mechanism Novelty: 0/15, Interaction Severity: 4/20, Oracle Surface: 2/10, Documentation Gaps: 7/10, Track Record: 12/15, Scale Exposure: 5/10, Regulatory Risk: 3/10, Vitality Risk: 7/10. The highest risk area is Track Record at 12/15.

Among 81 rated Liquid Staking protocols on Hindenrank, VenomStake ranks #71 by safety (lowest risk score = safest). Its 40/100 risk score and C+ grade place it among the riskier Liquid Staking protocols.

VenomStake scores 12/15 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.