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Tenderize V2

avoid.net/tenderize-v2→37/100·62% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]
anchored·2AQ4tK…mn4E

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

1 entities
Organizations
□Tenderize V2
Relationships
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    Timeline(7 events)

    2021-12-01

    Tenderize protocol founded by Nico Vergauwen following his work at Livepeer and the Livepool precursor project.

    2022-04-29

    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.

    2022-08-11

    Tenderize announces $3 million seed funding round led by Eden Block, with participation from TRGC, Encode Club, Figment, Daedalus Angels, and others.

    2024-01-29

    Tenderize V2 launches on mainnet on Ethereum L1 and Arbitrum L2, supporting MATIC, LPT, and GRT staking, alongside 'The Cookout' points campaign.

    2024-05-01

    WAGYU token generation event (TGE) and genesis airdrop distribution to early Cookout participants; WAGYU streamed to stakers over 33-month schedule.

    2025-04-07

    Tenderize V2 suffers a protocol logic exploit via proxy upgrade skim technique on Ethereum, resulting in an alleged loss of approximately $10,850.

    2025-09-18

    Tenderize protocol goes live on Sei Network, offering tSEI liquid staking and TenderSwap functionality, with BeefyBank planned for October 2025.

    Provenance & Audit Trail
    Anchored on SolanaVerify on-chainsrc:defillama

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 5/4/2026, 2:54:24 AM

    last updated: 6/10/2026, 3:08:11 PM

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