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Stake DAO

avoid.net/stake-dao→36/100·78% 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·4a1ap9…mQfd

Summary

Stake DAO is a non-custodial DeFi protocol built around liquid staking, yield aggregation, and governance participation via veToken mechanics. The protocol has suffered three documented security incidents since 2023, the most severe of which — a May 2026 deployer private key compromise — enabled the minting of 5.4 trillion fraudulent vsdCRV tokens on Arbitrum, resulting in roughly $91,000 in realized losses despite a nominally catastrophic exposure. Repeated operational security failures across a two-year span, including a March 2026 oracle exploit draining $176,000 from its Votemarket product, indicate a pattern of infrastructure risk that audited smart contracts alone have not resolved.

Connected Entities

13 entities · 60 linked investigations
Organizations
□Kelp18□Ethereum64□Drift52□Arbitrum52□Balancer42□Binance45□Pendle50□Stake DAO
Protocols
⌂Wasabi Protocol18⌂Drift Protocol18⌂KyberSwap55⌂LayerZero — DVN Single-Verifier Configuration Risk⌂Curve Finance62
Relationships
  • Wasabi Protocol→mentioned with→Drift(75%)
  • Wasabi Protocol→mentioned with→Ethereum(80%)
  • Stake DAO→mentioned with→Drift(85%)
  • Stake DAO→mentioned with→Balancer(60%)
  • Stake DAO→mentioned with→Arbitrum(80%)
  • Stake DAO→mentioned with→Kelp(60%)
  • Stake DAO→mentioned with→Pendle(70%)
  • Stake DAO→mentioned with→KyberSwap(60%)
  • Stake DAO→mentioned with→Ethereum(80%)
  • Balancer→mentioned with→Arbitrum(60%)
  • + 23 more
Also appears in
Drift Protocol·52Kelp·18KyberSwap·55Arbitrum·52Wasabi Protocol·18Ethereum·64Lendf.me·30Levyathan·18Jump Trading·42OpenZeppelin AI Exploit Threat Vector·15+ 50 more
Have evidence about Stake DAO?

Timeline(9 events)

20 January 2021

Stake DAO and SDT token launched on Ethereum mainnet; initial airdrop distributed.

4 February 2021

SDT reaches all-time high price of $16.63.

2022

Stake DAO adopts veTokenomic model; SDT lockable for veSDT governance rights.

15 June 2022

SDT reaches all-time low of $0.1750 amid broader crypto bear market.

2023

Two-year linear vesting for initial contributors and angel investors concludes.

29 November 2023

Stake DAO discloses LiquidityGauge deployment error on BNB Chain; approximately $4,011 in CAKE tokens stolen; affected users compensated via airdrop.

12 March 2026

Votemarket oracle contract exploited on Arbitrum and Base; approximately $176,000 drained across 54 reward campaigns. Governance proposal SDGP-65 introduced to reimburse affected users from treasury.

27 May 2026

Deployer private key compromised; attacker mints 5.4 trillion vsdCRV on Arbitrum via forged LayerZero v2 cross-chain message. Attacker realizes approximately $91,000 before DEX liquidity exhausted. Stake DAO shuts down vsdCRV bridge and urges users not to interact with vsdCRV.

28 May 2026

Stake DAO publishes follow-up statement assuring users that core products (Liquid Lockers, Boosted Yields, Votemarket, Morpho lending) are unaffected; vsdCRV backing on Ethereum mainnet confirmed secured.

Provenance & Audit Trail
Anchored on SolanaVerify on-chain25 Wayback Archivessrc:defillama

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (3 events). 25 of 28 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-sonnet-4-6

generated: 5/4/2026, 2:54:18 AM

last updated: 8/30/2026, 3:55:36 PM

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