defirisk.co
rubric v1.7.0
Live 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
A B C D F
01

Protocols

80 of 80 visible
Chain
13-cat severityProfile
Lido
lst · ethereum
A$21.4B
Aave v3
lending · ethereum
B$14.1B
EigenLayer
lrt · ethereum
B$8.9B
Chainlink CCIP
bridge · ethereum
B$7.0B
Morpho V1 (Morpho Blue + MetaMorpho)
lending · ethereum
C$6.6B
Sky Lending (formerly MakerDAO)
cdp · ethereum
B$5.5B
ether.fi
lrt · ethereum
A$5.1B
Hyperliquid
perps · arbitrum
D$4.7B
Spark Protocol
lending · ethereum
B$4.2B
Babylon Protocol
btc_restaking · bitcoin
B$4.2B
Ethena
cdp · ethereum
B$3.8B
JustLend DAO
lending · tron
C$3.6B
Ondo Finance
rwa · ethereum
B$3.6B
Circle USYC
rwa · binance
F$3.0B
Uniswap (v2 + v3)
dex · ethereum
A$2.7B
BlackRock USD Institutional Digital Liquidity Fund (BUIDL)
rwa · ethereum
D$2.5B
Centrifuge
rwa · ethereum
C$1.9B
PancakeSwap
dex · bsc
D$1.7B
Curve Finance
dex · ethereum
B$1.7B
Jupiter
dex · solana
C$1.7B
Maple Finance
lending · ethereum
D$1.7B
Falcon Finance
yield · ethereum
F$1.6B
USDD (Decentralized USD)
cdp_stablecoin_corporate_no_dao · tron
F$1.5B
Pendle Finance
yield · ethereum
F$1.4B
Sanctum
non_evm_lst_liquidity · solana
D$1.4B
Compound V3 (Comet)
lending · ethereum
D$1.4B
Venus Protocol
lending · bsc
D$1.3B
Spiko
rwa · stellar
F$1.2B
Lista DAO
evm_cdp_hybrid · bsc
D$1.2B
Rocket Pool
evm_lst_decentralized · ethereum
B$1.2B
Superstate
rwa · ethereum
D$1.1B
Veda (BoringVault)
vault_infrastructure · ethereum
C$1.1B
Raydium
dex · solana
A$1.0B
Concrete
evm_yield_vault · ethereum
C$989.8M
Fluid
lending · ethereum
B$931.4M
Jito
lst · solana
A$877.4M
Kinetiq
non_evm_liquid_staking · hyperliquid
C$839.9M
StakeWise v3
lst · ethereum
D$794.9M
Liquid Collective (LsETH)
lst · ethereum
D$766.9M
Jupiter Perpetual Exchange
perps · solana
D$691.3M
Convex Finance
yield · ethereum
B$613.3M
Marinade Finance
lst · solana
B$602.3M
Aerodrome Finance
evm_dex · base
B$591.3M
mETH Protocol
lst · ethereum
C$535.0M
Polymarket
prediction_market · polygon
C$514.2M
Symbiotic
lrt · ethereum
B$472.0M
QuickSwap
dex · polygon
F$451.4M
SUNSwap (sun.io)
dex · tron
D$403.0M
Euler V2
evm_lending · ethereum
B$379.6M
Multipli
yield · ethereum
F$366.2M
Stargate Finance
bridge · ethereum
B$345.0M
Cap (cUSD / stcUSD)
yield · ethereum
D$342.2M
M^0
rwa · ethereum
B$325.5M
Meteora
dex · solana
C$319.9M
Across Protocol
bridge · ethereum
C$300.0M
Frax Finance
evm_cdp_multi_product · ethereum
D$298.6M
BENQI
lending · avalanche
D$277.1M
Orca
dex · solana
A$254.2M
Liquity V1 + V2 (LUSD / BOLD)
cdp · ethereum
A$247.0M
deBridge
bridge · ethereum
C$200.0M
Dolomite
lending · ethereum
F$189.3M
Yearn Finance
yield · ethereum
B$178.0M
Midas
rwa · ethereum
F$161.4M
Stake DAO
yield · ethereum
C$160.3M
Axelar Network
validator_set_bridge · ethereum
B$144.7M
stHYPE (Valantis Labs)
lst · hyperliquid
F$144.5M
Hyperlane
permissionless_messaging_bridge · ethereum
D$132.7M
OpenEden
rwa · ethereum
F$128.1M
Beefy Finance
evm_yield · ethereum
F$119.7M
crvUSD (Curve Stablecoin)
evm_cdp · ethereum
F$117.1M
Sushi (SushiSwap) — v2 + v3 + Trident + BentoBox/Kashi + SushiXSwap
evm_dex · ethereum
C$111.9M
Usual (USD0 / bUSD0 / USUAL)
rwa · ethereum
D$104.8M
dYdX v4 (dYdX Chain)
perps_dex · dydx
B$99.1M
Save (formerly Solend)
lending · solana
F$79.8M
Synapse Protocol
bridge · ethereum
F$21.0M
Wormhole
bridge · ethereum
B$4.3M
Balancer (v2 + v3)
evm_dex · ethereum
C
GMX v2 (GMX Synthetics)
evm_perps_dex · arbitrum
A
Kamino Lend
lending · solana
C
Lombard Finance
btc_restaking · ethereum
B
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 →
rubric_versionv1.7.0 graded_at2026-05-17 factors184 protocols_v180