Peapods Finance
Last changed 2026-11-02 · Fact-check review — Fact-check review (verdict: revise): the reviewer checked the page's claims against its sources; the trust score was recalculated from the page's findings, 46 → 49. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -6.4 |
| Incidents it suffered (e.g. hacks) | -9.6 |
| Problems around it, caused by others | -1.6 |
| Long-running | +2 |
| Sum | 49 |
- 1 section set aside: the claims did not hold up in a fact-check, pending correction.
Score: 49/100 (kept between 0 and 100)
How scoring works →Page reliability: Fact-checked 2026-11-02 · 7 of 9 claims confirmed · 2 need better sources
anchored·4yYoY7…ky7mSummary
Peapods Finance is a permissionless DeFi protocol on Ethereum and multiple EVM chains that pioneered a 'Volatility Farming' yield mechanism using asset-backed Pods and Leveraged Volatility Farming (LVF). The protocol has suffered three distinct security incidents since its December 2023 launch, including a $231K reentrancy exploit, a slippage manipulation attack, and a $200K oracle price manipulation attack in July 2025. On-chain investigator ZachXBT identified that the individual behind the initial 2023 'white hat' exploit had dumped a portion of stolen funds before returning the remainder, raising questions about the altruistic framing of that recovery.
Connected Entities
7 entities · 60 linked investigations- ZachXBT→mentioned with→Ethereum(70%)
- ChangeNOW→mentioned with→Uniswap(60%)
- ChangeNOW→mentioned with→Ethereum(65%)
- ChangeNOW→mentioned with→FixedFloat(70%)
- Uniswap→mentioned with→Ethereum(80%)
- Peapods Finance→mentioned with→ChangeNOW(65%)
- Peapods Finance→mentioned with→FixedFloat(70%)
- Peapods Finance→mentioned with→Uniswap(70%)
- Peapods Finance→mentioned with→Arbitrum(60%)
- Peapods Finance→mentioned with→ZachXBT(70%)
- + 5 more
Connected Through
6 shared actors · 629 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Ethereumorganization
- □ZachXBTorganization
- ⌂Uniswapprotocol
- □Arbitrumorganization
Timeline(9 events)
11 December 2023
PEAS token launches on Ethereum via fair-launch model; 88% of supply deployed to Uniswap V3 PEAS/DAI liquidity pools, 12% distributed to team fully vested at TGE.
13 December 2023
Reentrancy exploit on WeightedIndex contract drains $231,192 (104.47 ETH) in PEAS tokens. Exploiter later identified by ZachXBT as likely axxe.eth via timing analysis linking the address to FixedFloat transactions.
14 December 2023
Peapods Finance announces ~90% of stolen funds returned; characterizes incident as 'white hat hack.' ZachXBT publishes on-chain evidence that the exploiter had dumped a portion of stolen funds through FixedFloat before returning the majority.
15 December 2023
Alleged exploiter @0xaxxe tweets that white hat fee was returned to the Peapods team.
11 January 2024
SourceHat audit of Peapods Finance finalizes. All identified high- and low-severity findings reported as resolved. Protocol receives overall 'PASS' rating.
26 January 2024
PEAS token reaches all-time high of approximately $11.21–$11.74, implying a peak market capitalization of approximately $110–$117 million.
8 February 2025
Second exploit: slippage manipulation attack on depositFromPairedLpToken function in legacy Pod code drains approximately $3,500. Peapods team states affected Pod will be reimbursed; notes the vulnerability was in a deprecated version.
15 February 2025
Peapods Finance announces conclusion of Sherlock audit contest for Leveraged Volatility Farming upgrade; 84 independent auditors participated. Contest prize pool was 120,000 USDC.
8 July 2025
Third exploit: oracle price manipulation attack on WETH/aspLONGsUSDe Pod drains approximately 78 ETH ($207,000). Attacker routes funds through ChangeNow and FixedFloat. Second attack attempt is front-run by MEV bot Yoink. Multiple security firms including SlowMist, CertiK, PeckShield, and TenArmor flag the incident. Peapods team attributes breach to 'bad oracle configuration' in a user-created Pod.
Decision Log
- slot 464291256 · hash H19Q6q7JVGsS85WPm1HsPNoYpda2UUi5mEETu8y5xWQr
- slot 464291251 · hash F9LW64aeFbYh3JTTaY6bZnRXYRdUfYsFEnWecaqBLUA4
- slot 464291246 · hash 6iGPjqvYeTVeULmi5nbpZQV9W7mEKTf9rBz4fMFpuP5E
- slot 461964124 · hash 54CSuFWjqcSYzmcJAuejZUi7L6CVi71HTnzjbvtH2skX
- slot 422984252 · hash xRge9gbzZhr9jXJMiEyqr6Apgrm3Howh4GEYFZ6fsSH
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 18 of 21 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:22 AM
last updated: 11/2/2026, 12:19:35 AM
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