Lulo
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anchored·45KTDq…oJXLSummary
Lulo (lulo.fi), formerly known as Flexlend, is a Solana-based DeFi lending aggregator that automatically routes stablecoin deposits to the highest-yielding protocols on the network, including Kamino, Drift, Marginfi, Morpho, Maple, and Pendle. Founded in 2022 and formally launched in early 2024, the protocol has grown to over $86 million in TVL and surpassed $100 million in cumulative deposits, supported by five independent security audits and backing from Circle Ventures and Solana Ventures. The platform's primary risk profile is composability-layer exposure: deposits are routed across multiple third-party protocols, meaning a failure at any underlying venue could affect user funds, although Lulo's 'Protected' tier includes automated on-chain coverage for such events.
Connected Entities
2 entities · 10 linked investigations- FbvoiCGJQg1F9myTJYgC76ybiDJMLNCvmvb6eAKyUNKZ→mentioned with→Lulo(50%)
Timeline(9 events)
13 July 2022
Lulo (then a peer-to-peer lending order book concept) appears at Alliance DAO's demo day
TechCrunchDecember 2023
Team pivots to FlexLend lending aggregator product, built over a weekend; FlexLend surpasses the original project in user adoption within weeks
Solfate Podcast / Solana Compass2024
Lulo/Flexlend live launch on Solana mainnet; Saga phone dApp store listing announced December 2023
Lulo X / Solana Floor27 August 2024
Lulo hits record TVL of $38.7 million, driven by PYUSD integration; TVL more than doubled during August 2024
NFTgators18 November 2024
Certora begins manual smart contract security audit of Lulo Rust programs
Certora Audit Report23 January 2025
Certora completes audit, identifying critical-severity vulnerabilities including oracle update failures, referral fee exploits, and withdrawal manipulation
Certora Audit Report11 February 2025
Daniel Garay (CEO) appears on Solfate Podcast episode 70, discussing Lulo Protect product launch and roadmap
Solana.com / Solfate PodcastNovember 2025
Lulo reports surpassing $100 million in cumulative USDC deposits; five independent audits and 50+ live integrations cited
CoinCodeCap ReviewDecision Log
- hash: DcLNQueSSio8uoNv2fPZdcX4iked6R6fNk3UVgY1UxPh
- hash: 63kKjhgdfVEFoeJYiU5dKSGnMDFUvjvWQfT5Qc3Z6LHK
- hash: BSH7FCY9KTTZ7hLb85wPvrT8WMPpxsWsqo1mbmUvffgp
- hash: 2Y89CjRbMmfrLDkRUu8rmrT9zG4U5rjves3jjQbuT84Z
- hash: 4jxEZzb34jAFBtzZiVHuBGcGcXYb8qqkFSGauBXppjSC
This investigation is cryptographically anchored to the Solana blockchain (5 events). 21 of 24 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 6/1/2026, 1:20:06 PM
last updated: 7/26/2026, 8:02:44 AM
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