Lulo
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 55 → 78. Problems weighed by who is responsible: concerns that are not fraud −9.6, problems around the subject, caused by others −1.8; legitimacy credit long-running +6, audits +8; fact-check adjustments (−13) now shown as page reliability, not in the score. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -9.6 |
| Problems around it, caused by others | -1.8 |
| Long-running | +6 |
| Audited | +8 |
| Sum | 68 |
Score: 78/100 (kept between 0 and 100)
How scoring works →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
8 entities · 60 linked investigations- FbvoiC…UNKZ→mentioned with→Lulo(50%)
- Phantom Wallet→mentioned with→Ethereum(70%)
- Phantom Wallet→mentioned with→Solana(80%)
- Lulo→mentioned with→Ethereum(60%)
- Lulo→mentioned with→Phantom Wallet(60%)
- Lulo→mentioned with→Jupiter Exchange(60%)
- Lulo→mentioned with→Solana(80%)
- Lulo→mentioned with→Neutrl(60%)
- Lulo→mentioned with→Pendle(75%)
- Pendle→mentioned with→Ethereum(80%)
- + 3 more
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
- slot 455369908 · hash C77WdmMpRJewdNdQampRWtoiKkbgqJaYwVJTJ213chHo
- slot 425200842 · hash DcLNQueSSio8uoNv2fPZdcX4iked6R6fNk3UVgY1UxPh
- slot 425200838 · hash 63kKjhgdfVEFoeJYiU5dKSGnMDFUvjvWQfT5Qc3Z6LHK
- slot 424163310 · hash BSH7FCY9KTTZ7hLb85wPvrT8WMPpxsWsqo1mbmUvffgp
- slot 424163306 · hash 2Y89CjRbMmfrLDkRUu8rmrT9zG4U5rjves3jjQbuT84Z
- slot 423599835 · hash 4jxEZzb34jAFBtzZiVHuBGcGcXYb8qqkFSGauBXppjSC
This investigation is cryptographically anchored to the Solana blockchain (6 decisions). 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: 10/10/2026, 6:49:48 PM
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