Ratio Finance
Summary
Ratio Finance is a defunct Solana-based collateralized debt position (CDP) protocol that allowed users to mint the USDr stablecoin against yield-bearing LP token collateral. The protocol raised $8.4 million across multiple rounds from investors including Alameda Research, Solana Ventures, and CMS Holdings, then launched its RATIO governance token in March 2022 at an all-time high near $2.24. The project suffered a private key compromise on or around December 3, 2022, after which the protocol's TVL fell to zero, the RATIO token lost over 99.9% of its value, and all social media activity ceased by December 2023.
Connected Entities
1 entitiesTimeline(9 events)
2021-07-01
Ratio Finance completes $500,000 seed round at $0.0625/RATIO from investors including Alameda Research, Rarestone Capital, and Solana Ventures.
2021-09-01
Strategic and private funding rounds raise an additional $1.75 million, bringing total pre-public fundraising to approximately $2.25 million.
2022-02-01
Three public token sales conducted via the Republic crowdfunding platform raise $6.15 million at $1.50 per RATIO token.
2022-03-25
RATIO Token Generation Event (TGE) concludes. Token reaches an all-time high of approximately $2.24, implying a peak fully-diluted valuation near $224 million.
2022-11-11
FTX and Alameda Research file for bankruptcy. Alameda was a seed-stage investor in Ratio Finance. The collapse triggers broad Solana ecosystem liquidity crisis.
2022-12-03
Ratio Finance suffers a private key compromise, classified as an infrastructure attack. TVL subsequently collapses to zero. No official post-mortem has been publicly released.
2022-12-16
Raydium, a key DEX partner and liquidity source for Ratio Finance vaults, suffers its own private key compromise exploit, draining multiple liquidity pools.
2023-12-11
Final recorded social media activity from the official Ratio Finance accounts. No project updates, governance activity, or team communications have been identified after this date.
2025-01-07
RATIO token price recorded at $0.0004365 with a market capitalization of approximately $4,540, representing a decline of over 99.9% from its all-time high.
Decision Log
- hash: ANmR5AA2rcQ9EfgfvaFuyzVwbthKgstfSncr9gXkLAPs
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:46 AM
last updated: 5/29/2026, 2:28:18 AM
avoid.net — verified advice for a post-truth world