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Rubric v1.7.0 · Last review May 17
80 protocols, 184 risk factors, 13 categories.
An open-source field guide to DeFi risk. Every protocol graded, every factor cited — all in the open.
Coverage · at a glance Rubric v1.7.0 · n = 80
Protocols
80
13 chains · 27 sectors
Risk Factors
184
13 categories
TVL covered
$140.5B
USD, latest snapshot
Grade distribution
01
Protocols
80 of 80 visible
Chain
13-cat severityProfile
Lidolst · ethereumA$21.4BAave v3
lending · ethereumB$14.1BEigenLayer
lrt · ethereumB$8.9BChainlink CCIP
bridge · ethereumB$7.0BMorpho V1 (Morpho Blue + MetaMorpho)
lending · ethereumC$6.6BSky Lending (formerly MakerDAO)
cdp · ethereumB$5.5Bether.fi
lrt · ethereumA$5.1BHyperliquid
perps · arbitrumD$4.7BSpark Protocol
lending · ethereumB$4.2BBabylon Protocol
btc_restaking · bitcoinB$4.2BEthena
cdp · ethereumB$3.8BJustLend DAO
lending · tronC$3.6BOndo Finance
rwa · ethereumB$3.6BCircle USYC
rwa · binanceF$3.0BUniswap (v2 + v3)
dex · ethereumA$2.7BBlackRock USD Institutional Digital Liquidity Fund (BUIDL)
rwa · ethereumD$2.5BCentrifuge
rwa · ethereumC$1.9BPancakeSwap
dex · bscD$1.7BCurve Finance
dex · ethereumB$1.7BJupiter
dex · solanaC$1.7BMaple Finance
lending · ethereumD$1.7BFalcon Finance
yield · ethereumF$1.6BUSDD (Decentralized USD)
cdp_stablecoin_corporate_no_dao · tronF$1.5BPendle Finance
yield · ethereumF$1.4BSanctum
non_evm_lst_liquidity · solanaD$1.4BCompound V3 (Comet)
lending · ethereumD$1.4BVenus Protocol
lending · bscD$1.3BSpiko
rwa · stellarF$1.2BLista DAO
evm_cdp_hybrid · bscD$1.2BRocket Pool
evm_lst_decentralized · ethereumB$1.2BSuperstate
rwa · ethereumD$1.1BVeda (BoringVault)
vault_infrastructure · ethereumC$1.1BRaydium
dex · solanaA$1.0BConcrete
evm_yield_vault · ethereumC$989.8MFluid
lending · ethereumB$931.4MJito
lst · solanaA$877.4MKinetiq
non_evm_liquid_staking · hyperliquidC$839.9MStakeWise v3
lst · ethereumD$794.9MLiquid Collective (LsETH)
lst · ethereumD$766.9MJupiter Perpetual Exchange
perps · solanaD$691.3MConvex Finance
yield · ethereumB$613.3MMarinade Finance
lst · solanaB$602.3MAerodrome Finance
evm_dex · baseB$591.3MmETH Protocol
lst · ethereumC$535.0MPolymarket
prediction_market · polygonC$514.2MSymbiotic
lrt · ethereumB$472.0MQuickSwap
dex · polygonF$451.4MSUNSwap (sun.io)
dex · tronD$403.0MEuler V2
evm_lending · ethereumB$379.6MMultipli
yield · ethereumF$366.2MStargate Finance
bridge · ethereumB$345.0MCap (cUSD / stcUSD)
yield · ethereumD$342.2MM^0
rwa · ethereumB$325.5MMeteora
dex · solanaC$319.9MAcross Protocol
bridge · ethereumC$300.0MFrax Finance
evm_cdp_multi_product · ethereumD$298.6MBENQI
lending · avalancheD$277.1MOrca
dex · solanaA$254.2MLiquity V1 + V2 (LUSD / BOLD)
cdp · ethereumA$247.0MdeBridge
bridge · ethereumC$200.0MDolomite
lending · ethereumF$189.3MYearn Finance
yield · ethereumB$178.0MMidas
rwa · ethereumF$161.4MStake DAO
yield · ethereumC$160.3MAxelar Network
validator_set_bridge · ethereumB$144.7MstHYPE (Valantis Labs)
lst · hyperliquidF$144.5MHyperlane
permissionless_messaging_bridge · ethereumD$132.7MOpenEden
rwa · ethereumF$128.1MBeefy Finance
evm_yield · ethereumF$119.7McrvUSD (Curve Stablecoin)
evm_cdp · ethereumF$117.1MSushi (SushiSwap) — v2 + v3 + Trident + BentoBox/Kashi + SushiXSwap
evm_dex · ethereumC$111.9MUsual (USD0 / bUSD0 / USUAL)
rwa · ethereumD$104.8MdYdX v4 (dYdX Chain)
perps_dex · dydxB$99.1MSave (formerly Solend)
lending · solanaF$79.8MSynapse Protocol
bridge · ethereumF$21.0MWormhole
bridge · ethereumB$4.3MBalancer (v2 + v3)
evm_dex · ethereumC—GMX v2 (GMX Synthetics)
evm_perps_dex · arbitrumA—Kamino Lend
lending · solanaC—Lombard Finance
btc_restaking · ethereumB—
04
How to read this
Every protocol is graded against 184 evidence factors across 13 risk categories — audits, governance, oracle dependencies, economic design, operational history, and more. Each category receives a 0–100 severity score (weighted by red and yellow findings); the letter grade is bucketed from a core-five-weighted protocol risk score, with critical-factor reds adding a direct penalty and single-category caps ensuring no catastrophically weak area can be masked by strong scores elsewhere.
We publish our rubric, factor definitions, and all source citations openly under CC BY 4.0.
How we grade →