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← Tenderize V2reviewed 2026-10-15 · 21 claims checked

Fact-check findings

What an automated fact-checker found when it re-read Tenderize V2 against the sources the page cites. Only the most recent review is shown.

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These findings are produced by an automated reviewer, and its results vary between runs: the same page, checked three times on the same day, came back with 15%, 20% and 34% of its claims disputed, mostly because each run extracted a different number of claims. Treat what follows as leads, not rulings.

“Disputed” means the reviewer could not reconcile the claim with the evidence it cited. It does not mean the claim is false. “Unverifiable” means no reachable source settled it either way.

Nothing here changes the page on its own. A proposed correction is applied only after a human moderator approves it; until then the page reads as it did when reviewed.

disputed 3unverifiable 10stale 1link rot 2confirmed 56 corrections pending · 0 applied

disputed

3 claims

The reviewer could not reconcile the claim with the evidence it cited. This is a lead, not a ruling that the claim is false.

  1. #3[disputed][awaiting moderator]in the summary
    “a Halborn audit”
    reviewerTenderize holds a Halborn security audit.The specific cited Halborn URL does not show any Tenderize-specific audit content, and an independent source names Hacken and CertiK (not Halborn) as Tenderize's auditors. This is a materially different audit history than the page states.
    Proposed correction (not yet applied)
    an audit attributed to Halborn that could not be independently verified
    citedwww.halborn.com/audits/tenderize
  2. #9[disputed][awaiting moderator]in section: Security Audits and Smart Contract Risk
    “Additionally, Tenderize reported passing audits by Halborn, a blockchain security firm, with all findings resolved prior to the V2 mainnet launch.”
    reviewerTenderize reported passing audits by Halborn with all findings resolved prior to V2 mainnet launch.See linked finding on the Halborn public audit page claim below; both rely on the same unsupported attribution.
    Proposed correction (not yet applied)
    Additionally, Tenderize's claim of passing audits by Halborn, a blockchain security firm, could not be independently verified; a third-party staking data provider lists Hacken and CertiK, not Halborn, as the protocol's auditors.
    citedwww.halborn.com/audits/tenderize
  3. #13[disputed][awaiting moderator]in section: Tokenomics and WAGYU Token
    “The TGE timeline published by the team indicated a genesis airdrop and WAGYU generation event in late 2024, distributed to V1 stakers (0.5%), V2 genesis users (3.5% with 12-month linear vesting), and other categories.”
    reviewerWAGYU's genesis airdrop and TGE occurred in late 2024.Internal inconsistency: this section states the WAGYU TGE/genesis airdrop occurred 'in late 2024,' but the page's own timeline entry (timeline[4]) dates the TGE and genesis airdrop to 2024-05 (with date_original 2024-05-01), i.e. May 2024, not late 2024. One of the two must be wrong; the timeline's recorded date_original provenance suggests May 2024 is the better-sourced figure.
    Proposed correction (not yet applied)
    The TGE timeline published by the team indicated a genesis airdrop and WAGYU generation event in May 2024, distributed to V1 stakers (0.5%), V2 genesis users (3.5% with 12-month linear vesting), and other categories.
    citedblog.tenderize.me/wagyu-tokenomics-tge-timeline/

unverifiable

10 claims

No source the reviewer could reach confirms or contradicts the claim.

  1. #2[unverifiable][awaiting moderator]in the summary
    “ZachXBT has flagged this entity”
    reviewerZachXBT has flagged Tenderize as an entity of concern.No citation is attached to this claim anywhere on the page, and a direct search for any connection between ZachXBT and Tenderize returned nothing. The claim cannot be confirmed or refuted from available sources; it also appears uncited in both sections[0] sources and sections[1] sources.
  2. #6[unverifiable][awaiting moderator]in section: April 2025 Protocol Logic Exploit
    “ZachXBT has flagged this entity”
    reviewerZachXBT has flagged Tenderize (repeated in the exploit section).Same uncited and uncorroborated claim as in the summary; no search result links ZachXBT to Tenderize in any capacity.
  3. #8[unverifiable][awaiting moderator]in section: Security Audits and Smart Contract Risk
    “The audit initially gave a security subscore of 0/10 on the first review, which was raised to 10/10 after identified concerns were addressed by the team in a second review pass.”
    reviewerHacken's audit gave granular subscores: security 0/10 raised to 10/10 on re-review, code quality 8/10, documentation and architecture 10/10 each.The source page was persistently unreachable during this review. The general Hacken-engagement fact is corroborated elsewhere, but these specific subscore numbers could not be independently verified.
    citedblog.tenderize.me/tenderize-passes-hacke…t-with-a-9-8-10/
  4. #15[unverifiable][awaiting moderator]in section: Funding, Team, and Background
    “Tenderize was founded by Nico Vergauwen, who previously served as a protocol engineer at Livepeer and launched Livepool, a precursor project that informed the liquid staking design of Tenderize.”
    reviewerNico Vergauwen previously served as a protocol engineer at Livepeer and launched Livepool, a precursor project.Could not independently corroborate or refute via web search; the cited podcast page was unreachable throughout this review.
    citedgrtiq.com/grtiq-podcast-87-nico-vergauwen/
  5. #16[unverifiable][awaiting moderator]in the timeline
    “Tenderize protocol founded by Nico Vergauwen following his work at Livepeer and the Livepool precursor project.”
    reviewerTenderize protocol was founded in December 2021.No source field is populated for this timeline entry and no independent corroboration of a December 2021 founding date was found.
  6. #17[unverifiable][awaiting moderator]in section: Market Position and TVL
    “As of mid-2025, Tenderize V2 holds a total value locked of approximately $495,000, distributed across Arbitrum ($337,813) and Ethereum ($157,676).”
    reviewerTenderize V2's TVL is approximately $495,000, split $337,813 Arbitrum and $157,676 Ethereum, as of mid-2025.Could not independently reproduce the precise $495,000/$337,813/$157,676 split; this is plausible given the cited archive's September 2025 timestamp but not directly confirmed.
    citeddefillama.com/protocol/tenderize-v2
  7. #18[unverifiable][awaiting moderator]in section: Market Position and TVL
    “This places the protocol as a niche participant in the liquid staking market, significantly smaller than dominant protocols such as Lido ($17.8 billion TVL), Rocket Pool ($543 million), and StakeWise V2 ($731 million).”
    reviewerTenderize's TVL is significantly smaller than Lido ($17.8B), Rocket Pool ($543M), and StakeWise V2 ($731M).Comparator figures for Lido, Rocket Pool, and StakeWise V2 are uncited to a specific date and could not be pinned to a verifiable snapshot; Lido's TVL in particular is highly volatile, undermining confidence in the specific $17.8B figure.
    citeddefillama.com/protocol/tenderize-v2
  8. #19[unverifiable][awaiting moderator]in section: Market Position and TVL
    “The protocol's TVL reached a reported record of approximately $1.15 million during September of an earlier period before declining.”
    reviewerTenderize's TVL reached a reported record of approximately $1.15 million during September of an earlier period.The phrasing 'during September of an earlier period' avoids naming a specific year, which itself suggests uncertainty in sourcing; could not independently confirm this peak figure or its date.
    citeddefillama.com/protocol/tenderize-v2
  9. #20[unverifiable][awaiting moderator]in section: Protocol Overview and Architecture
    “In September 2025, Tenderize expanded to the Sei network, offering tSEI and liquid delegation products.”
    reviewerTenderize expanded to Sei Network in September 2025, offering tSEI/liquid delegation, with a BeefyBank feature expected in October 2025.The primary source (blog.tenderize.me) was unreachable throughout this review, and no independent coverage of the Sei launch or BeefyBank was found, including in Sei's own ecosystem roundups from that period. Whether BeefyBank (planned for October 2025) ever shipped could not be confirmed, which matters since the review date is over a year after that target.
    citedblog.tenderize.me/tenderize-is-live-on-sei/
  10. #21[unverifiable][awaiting moderator]in section: BeefBank and Steaks Dollar Stablecoin Risks
    “The Sei Network deployment in September 2025 also referenced a 'BeefyBank' feature (possibly a renamed or adapted version of BeefBank for SEI), expected in October 2025.”
    reviewerThe Sei deployment referenced a 'BeefyBank' feature expected in October 2025.Same underlying sourcing problem as the section[0] Sei claim; could not confirm whether BeefyBank shipped, given the review date is well past the stated October 2025 target.
    citedblog.tenderize.me/tenderize-is-live-on-sei/

stale

1 claim

The claim was accurate when written but events since have overtaken it.

  1. #4[stale][awaiting moderator]in the summary
    “its current TVL of approximately $495,000 reflects limited adoption relative to the broader liquid staking market”
    reviewerTenderize's current TVL (~$495,000) is presented as a present-tense figure reflecting current adoption.The page's own Market Position section correctly dates this figure 'as of mid-2025' (matching the cited archive's Sept 16, 2025 timestamp), but the summary drops that qualifier and calls it 'current,' which overstates its currency given this review occurs over a year later and TVL data shows it has since moved substantially.
    Proposed correction (not yet applied)
    its TVL of approximately $495,000 as of September 2025 reflected limited adoption relative to the broader liquid staking market
    citeddefillama.com/protocol/tenderize-v2

confirmed

5 claims

The cited evidence supports the claim as written.

  1. #1[confirmed][no action needed]in the 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.”
    reviewerTenderize V2 launched on mainnet on January 29, 2024, offering tTokens for MATIC, LPT, GRT across Ethereum, Arbitrum, and later Sei.The cited blog post itself was unreachable (503) during review, but independent Livepeer/Arbitrum forum threads corroborate the general launch timeframe and chain deployment, giving reasonable confidence in the date.
    citedblog.tenderize.me/the-cookout-tenderize-…-mainnet-launch/
  2. #5[confirmed][no action needed]in section: April 2025 Protocol Logic Exploit
    “On April 7, 2025, Tenderize V2 suffered a security incident on the Ethereum chain, resulting in an alleged loss of approximately $10,850.”
    reviewerTenderize V2 suffered a protocol logic exploit via proxy upgrade skim on April 7, 2025, losing ~$10,850 on Ethereum.Date, chain, amount, and classification all match DeFiLlama's hacks database as surfaced in search results.
    citeddefillama.com/protocol/tenderize-v2
  3. #7[confirmed][no action needed]in section: Security Audits and Smart Contract Risk
    “The protocol completed a Hacken audit in April 2022, receiving an overall score of 9.8/10.”
    reviewerTenderize completed a Hacken audit in April 2022 with an overall score of 9.8/10.Corroborated by an independent staking-data provider naming Hacken as an auditor; the exact 9.8/10 figure is supported by the cited URL's own title, though the source page itself was unreachable at review time.
    citedblog.tenderize.me/tenderize-passes-hacke…t-with-a-9-8-10/
  4. #12[confirmed][no action needed]in section: Security Audits and Smart Contract Risk
    “The protocol maintains open-source smart contracts across its GitHub organization under the Tenderize account, comprising over 33 public repositories including tender-core, staking, tenderswap, and lpeth.”
    reviewerTenderize's GitHub organization has over 33 public repositories including tender-core, staking, tenderswap, and lpeth.Directly verified against the live GitHub organization page.
    citedgithub.com/Tenderize
  5. #14[confirmed][no action needed]in section: Funding, Team, and Background
    “On August 11, 2022, Tenderize announced a $3 million seed funding round led by Eden Block, with participation from TRGC, Encode Club, Figment, Daedalus Angels, and angels from Messari, Livepeer, and Steakwallet.”
    reviewerTenderize announced a $3 million seed funding round on August 11, 2022, led by Eden Block, with the listed participants.Exact match to the press release.
    citedwww.prnewswire.com/news-releases/tenderi…d-301604134.html
How this fits together. The reviewer reads the published page and its cited sources and records one finding per claim. A human moderator decides whether each proposed correction is applied; those decisions, and the score changes they cause, appear in the audit log. Earlier review runs are not shown here; only the latest reflects the page as it stands.