Tenderize V2
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 37 → 58. Problems weighed by who is responsible: concerns that are not fraud −6.4, incidents the subject suffered −3.2, problems around the subject, caused by others −3.2; legitimacy credit long-running +6; fact-check adjustments (−15) now shown as page reliability, not in the score. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -6.4 |
| Incidents it suffered (e.g. hacks) | -3.2 |
| Problems around it, caused by others | -3.2 |
| Long-running | +6 |
| Sum | 58 |
Score: 58/100 (kept between 0 and 100)
How scoring works →Summary
Tenderize V2 is a DeFi liquid staking protocol launched on January 29, 2024, enabling users to mint validator-specific liquid staked tokens (tTokens) for assets including MATIC, LPT, and GRT across Ethereum, Arbitrum, and Sei Network. The protocol suffered a protocol logic exploit on April 7, 2025, resulting in a loss of approximately $10,850 via a proxy upgrade skim technique on Ethereum; the incident was relatively small in dollar terms but raised concerns about smart contract integrity. ZachXBT has flagged this entity, and while the protocol holds multiple security audits including a Hacken audit scoring 9.8/10 and a Halborn audit, its current TVL of approximately $495,000 reflects limited adoption relative to the broader liquid staking market.
Connected Entities
8 entities · 60 linked investigations- Yearn Finance→mentioned with→Ethereum(70%)
- Sei Network→mentioned with→Ethereum(65%)
- ZachXBT→mentioned with→Ethereum(70%)
- Rocket Pool→mentioned with→Ethereum(80%)
- Tenderize V2→mentioned with→Arbitrum(80%)
- Tenderize V2→mentioned with→ZachXBT(65%)
- Tenderize V2→mentioned with→Ethereum(80%)
- Tenderize V2→mentioned with→Polygon(65%)
- Tenderize V2→mentioned with→Yearn Finance(80%)
- Tenderize V2→mentioned with→Sei Network(80%)
- + 3 more
Timeline(7 events)
December 2021
Tenderize protocol founded by Nico Vergauwen following his work at Livepeer and the Livepool precursor project.
29 April 2022
Tenderize completes Hacken security audit, receiving an overall score of 9.8/10; initial security subscore of 0/10 raised to 10/10 after remediation.
11 August 2022
Tenderize announces $3 million seed funding round led by Eden Block, with participation from TRGC, Encode Club, Figment, Daedalus Angels, and others.
29 January 2024
Tenderize V2 launches on mainnet on Ethereum L1 and Arbitrum L2, supporting MATIC, LPT, and GRT staking, alongside 'The Cookout' points campaign.
May 2024
WAGYU token generation event (TGE) and genesis airdrop distribution to early Cookout participants; WAGYU streamed to stakers over 33-month schedule.
7 April 2025
Tenderize V2 suffers a protocol logic exploit via proxy upgrade skim technique on Ethereum, resulting in an alleged loss of approximately $10,850.
18 September 2025
Tenderize protocol goes live on Sei Network, offering tSEI liquid staking and TenderSwap functionality, with BeefyBank planned for October 2025.
Decision Log
- slot 457414073 · hash 6FV575eiFSBUFCmZSdu4sDvAFe3adCxXcPifH7qhWn7B
- slot 455365978 · hash QXUiXh7x4JEAbodHW7HD8vC2job8RTViV8WNKeP83NP
- slot 425569816 · hash CrfEf2yex1Y2wSdKwuDwWVxwgQ52y7Cp4WEruEnJS4QA
- slot 425569813 · hash 8AKgye4zS5waKG9KC3XqB4dFXVD9fAqQaVWaFAcwWshM
- slot 423080238 · hash CnMXiEKQJ5Sf5UGnxdJKfWtUbNsj4FjY6opL756NeHxP
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 12 of 13 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:24 AM
last updated: 10/10/2026, 6:46:13 PM
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