Venus Protocol

Venus Protocol receives a C risk grade (49/100) from Hindenrank, where lower scores indicate lower risk. High risk — two separate incidents caused $300M+ in losses, and the protocol depends on a blockchain that can be manually shut down The largest lending protocol on the BNB Chain, where you deposit crypto to earn interest or borrow against your holdings. It manages $1.9B in deposits. Its C- grade reflects two devastating incidents: a $200M+ price manipulation attack in 2021 and $100M+ in bad debt from a blockchain shutdown in 2022.

The key risks identified for Venus Protocol are: (1) Attackers pumped the governance token price in 2021 to borrow $200M+ against fake collateral value -- the same attack can happen with any listed token (2) When the BNB Chain was halted during a $568M bridge hack in 2022, Venus could not process any liquidations and accumulated over $100M in bad debt (3) Team members have been targeted by social engineering attacks -- one phishing attack in 2025 cost a user $27M, and a 2022 Zoom hijack drained $680K

Venus Protocol scores 49/100 across eight risk dimensions: Mechanism Novelty: 2/15, Interaction Severity: 11/20, Oracle Surface: 5/10, Documentation Gaps: 3/10, Track Record: 15/15, Scale Exposure: 7/10, Regulatory Risk: 3/10, Vitality Risk: 3/10. The highest risk area is Track Record at 15/15.

Among 90 rated Lending protocols on Hindenrank, Venus Protocol ranks #85 by safety (lowest risk score = safest). Its 49/100 risk score and C grade place it among the riskier Lending protocols.

Venus Protocol 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.