Lodestar Finance
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 20 → 48. Problems weighed by who is responsible: incidents the subject suffered −20, problems around the subject, caused by others −3.8, concerns that are not fraud −3.2; the penalty for incidents it suffered is capped at 20; fact-check adjustments (−12) now shown as page reliability, not in the score. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -3.2 |
| Incidents it suffered (e.g. hacks) | -20 |
| Problems around it, caused by others | -3.8 |
| Sum | 38 |
- The penalty for incidents it suffered is capped at 20 points.
Score: 48/100 (kept between 0 and 100)
How scoring works →Summary
Lodestar Finance is an Arbitrum-based decentralized money market protocol that enables lending, borrowing, and leveraged trading against crypto collateral. On December 10, 2022, the protocol suffered a flash loan exploit in which an attacker manipulated the price oracle for the plvGLP collateral token, draining approximately $6.9 million from depositors. The protocol subsequently relaunched in April 2023 with a V2 update, partially compensating victims with recovered GLP assets and esLODE tokens, though the attacker was never identified and no confirmed negotiated return of funds occurred.
Connected Entities
3 entities · 60 linked investigations- Arbitrum→mentioned with→Ethereum(80%)
- Lodestar Finance→mentioned with→Ethereum(75%)
- Lodestar Finance→mentioned with→Arbitrum(80%)
Timeline(8 events)
10 December 2022
Flash loan exploit drains approximately $6.9 million from Lodestar Finance via plvGLP oracle price manipulation using the donate() function on Plutus DAO's GlpDepositor contract.
CoinTelegraph10 December 2022
Lodestar Finance sets all interest rates to zero and pauses borrowing and liquidations; publicly appeals to the attacker via social media for a white-hat agreement. No response confirmed.
Bitcoin.com News10 December 2022
Plutus DAO publishes official statement confirming its platform was unaffected; designates surplus GLP in plvGLP vault for Lodestar depositor reimbursement.
Plutus DAO Medium11 December 2022
CertiK and EigenPhi publish technical post-mortems confirming GLPOracle design flaw as sole root cause; attacker wallet identified as 0xc29d with proceeds bridged to Ethereum.
CertiK Incident Analysis8 April 2023
Lodestar Finance relaunches on Arbitrum as V2; protocol attracts over $30 million in TVL and generates over $23,000 in protocol revenue in its initial period.
Lodestar Finance / IQ.wikiMay 2023
Lodestar Finance governance approves addition of ARB token support to lending markets.
IQ.wiki — Lodestar FinanceOctober 2023
Lodestar Finance distributes approximately $2.4 million in recovered GLP assets (roughly one-third of exploit losses) to affected depositors; 750,000 esLODE tokens allocated as supplemental victim compensation.
IQ.wiki — Lodestar FinanceNovember 2023
Lodestar Finance receives STIP Round 1 grant from Arbitrum DAO; over 750,000 ARB distributed to protocol users as liquidity incentives.
Arbitrum Forum — STIP Round 1Decision Log
- slot 455361265 · hash Angs1qr9qMwCg8Hb6AcfwZk9XXJp7XJ6sFQNaBqFi2Wc
- slot 424312463 · hash AKoLqU7djmDnq3fgLaVaKnbcLzzauNTGHHbJFJ8Kizis
- slot 424312459 · hash 7PzbhNuDkfMkJqowoZKDkQb5aiHuvZMjTohQhfatsQG6
- slot 423640329 · hash 7K8dFDNQb52ZuAvZZ3xfQQRUhBpnyQGYjFKEhrR1ogVS
This investigation is cryptographically anchored to the Solana blockchain (4 decisions). 14 of 15 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 6/1/2026, 5:48:20 PM
last updated: 10/10/2026, 6:41:59 PM
4 viewsavoid.net — verified advice for a post-truth world