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Bond Protocol

avoid.net/bond-protocol→54/100·72% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·35zJzp…aUTq

Summary

Bond Protocol is a permissionless DeFi infrastructure platform launched in October 2022, originating from OlympusDAO's bonding mechanism, that enables protocols to create bond markets for treasury diversification and Protocol Owned Liquidity (POL). The protocol suffered a smart contract exploit in October 2022 in which approximately 30,437 OHM tokens (~$300,000) were drained from its Fixed-Expiry Teller contract; all funds were returned by the attacker within hours of the incident. The protocol raised a $2.5M seed round from credible venture investors and has since expanded to Ethereum, Arbitrum, and Optimism, though it shows signs of reduced activity as of 2025-2026.

Connected Entities

1 entity

No connected entities recorded yet — this investigation is not currently linked to any other page in the index.

Have evidence about Bond Protocol?

Timeline(8 events)

15 July 2022

Bond Protocol formally introduced as the next evolution of OlympusDAO's bonds-as-a-service infrastructure.

Bond Protocol Medium

3 October 2022

Bond Protocol officially launched on Ethereum mainnet, enabling permissionless bond market creation.

Bond Protocol Documentation

6 October 2022

Bond Protocol announced a $2.5M seed round led by Chapter One and IDEO CoLab Ventures, with Alchemy Ventures and Hypersphere Ventures also participating.

Bond Protocol Medium

21 October 2022

Attacker exploited a missing input validation in Bond Protocol's Fixed-Expiry Teller smart contract, draining approximately 30,437 OHM (~$300,000) from three OlympusDAO bond markets. The attacker returned all funds within hours. Bond Protocol paused new market creation and submitted a contract patch.

The Block / Decrypt / Bond Protocol Incident Report

2023

Bond Protocol reported $22.9M increase in Total Bonded Value in Q1 2023, representing 147% quarter-over-quarter growth.

Bond Protocol Q2 2023 Report

July 2023

Bond Protocol expanded with Options Liquidity Mining (OLM) product, enabling protocols to mint ERC-20 call options as incentives.

Bond Protocol Medium

22 November 2024

Bond Protocol's option-contracts repository updated on GitHub, indicating ongoing development.

Bond-Protocol GitHub

10 February 2026

Bond Protocol dApp frontend updated on GitHub, the most recent activity found as of mid-2026.

Bond-Protocol GitHub
Provenance & Audit Trail
Anchored on SolanaVerify on-chain11 Wayback Archivessrc:defillama

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (5 events). 11 of 15 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-sonnet-4-6

generated: 5/4/2026, 2:54:47 AM

last updated: 8/25/2026, 7:51:35 AM

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