Lulo
Summary
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)
2022-07-13
Lulo (then a peer-to-peer lending order book concept) appears at Alliance DAO's demo day
TechCrunch2023-12-01
Team pivots to FlexLend lending aggregator product, built over a weekend; FlexLend surpasses the original project in user adoption within weeks
Solfate Podcast / Solana Compass2024-01-01
Lulo/Flexlend live launch on Solana mainnet; Saga phone dApp store listing announced December 2023
Lulo X / Solana Floor2024-08-27
Lulo hits record TVL of $38.7 million, driven by PYUSD integration; TVL more than doubled during August 2024
NFTgators2024-11-18
Certora begins manual smart contract security audit of Lulo Rust programs
Certora Audit Report2025-01-23
Certora completes audit, identifying critical-severity vulnerabilities including oracle update failures, referral fee exploits, and withdrawal manipulation
Certora Audit Report2025-02-11
Daniel Garay (CEO) appears on Solfate Podcast episode 70, discussing Lulo Protect product launch and roadmap
Solana.com / Solfate Podcast2025-11-01
Lulo reports surpassing $100 million in cumulative USDC deposits; five independent audits and 50+ live integrations cited
CoinCodeCap ReviewDecision Log
- hash: 4jxEZzb34jAFBtzZiVHuBGcGcXYb8qqkFSGauBXppjSC
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 6/1/2026, 1:20:06 PM
last updated: 6/1/2026, 1:20:11 PM
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