Skip to main content
AVOID.NET
Sign in

Peapods Finance

avoid.net/peapods-finance→42/100·78% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·4yYoY7…ky7m

Summary

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
Organizations
□Ethereum64□ChangeNOW□Arbitrum□ZachXBT
Protocols
⌂FixedFloat10⌂Peapods Finance⌂Uniswap
Relationships
  • 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
Also appears in
Hedgey·18Crossmint·70Across Protocol Solana Bridge Exploit (July 2026)·30Kevin Rose·57Solareum·12LastPass threat actor·0four.meme·38Crypto Whale Repeat Phishing — $25.6M Drain August 2026·0LastPass·12Nobitex June 2025 Hack (Predatory Sparrow)·10+ 50 more

Connected Through

6 shared actors · 616 investigations

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Have evidence about Peapods Finance?

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.

Provenance & Audit Trail
Anchored on SolanaVerify on-chain18 Wayback Archivessrc:defillama

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event). 18 of 21 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-sonnet-4-6

generated: 5/4/2026, 2:54:22 AM

last updated: 8/29/2026, 9:21:03 AM

4 views

avoid.net — verified advice for a post-truth world