Verify a decision

{"actor":"system:backfill","investigation_id":"799ef0a4-716e-486c-8b93-360aff2f6c3c","kind":"publish","page_slug":"tenderize-v2","published_at":"2026-05-30T04:05:51.935Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Tenderize V2","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://blog.tenderize.me/introducing-tenderize-v2-our-new-look-2/","type":"other","url":""},{"credibility":3,"name":"https://blog.tenderize.me/the-cookout-tenderize-v2-mainnet-launch/","type":"other","url":""},{"credibility":3,"name":"https://blog.tenderize.me/tenderize-is-live-on-sei/","type":"other","url":""},{"credibility":3,"name":"https://everstake.one/blog/what-is-tenderize-v2-an-overview","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://defillama.com/protocol/tenderize-v2","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://blog.tenderize.me/tenderize-passes-hacken-audit-with-a-9-8-10/","type":"other","url":""},{"credibility":3,"name":"https://www.halborn.com/audits/tenderize","type":"other","url":""},{"credibility":3,"name":"https://github.com/Tenderize","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://blog.tenderize.me/wagyu-tokenomics-tge-timeline/","type":"other","url":""},{"credibility":3,"name":"https://www.tenderize.me/blog/wagyu-tokenomics-tge-timeline","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.prnewswire.com/news-releases/tenderize-announces-3m-seed-round-301604134.html","type":"other","url":""},{"credibility":3,"name":"https://grtiq.com/grtiq-podcast-87-nico-vergauwen/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://defillama.com/protocol/tenderize-v2","type":"other","url":""},{"credibility":3,"name":"https://www.streetinsider.com/Accesswire/Tenderize+v2+Mainnet+Launch+Revolutionizes+DeFi+and+Liquid+Staking+Ecosystem/22627798.html","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://everstake.one/blog/what-is-tenderize-v2-an-overview","type":"other","url":""},{"credibility":3,"name":"https://blog.tenderize.me/tenderize-is-live-on-sei/","type":"other","url":""}]}],"sources_used":[],"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.","timeline":[{"date":"2021-12-01","event":"Tenderize protocol founded by Nico Vergauwen following his work at Livepeer and the Livepool precursor project.","source":""},{"date":"2022-04-29","event":"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.","source":""},{"date":"2022-08-11","event":"Tenderize announces $3 million seed funding round led by Eden Block, with participation from TRGC, Encode Club, Figment, Daedalus Angels, and others.","source":""},{"date":"2024-01-29","event":"Tenderize V2 launches on mainnet on Ethereum L1 and Arbitrum L2, supporting MATIC, LPT, and GRT staking, alongside 'The Cookout' points campaign.","source":""},{"date":"2024-05-01","event":"WAGYU token generation event (TGE) and genesis airdrop distribution to early Cookout participants; WAGYU streamed to stakers over 33-month schedule.","source":""},{"date":"2025-04-07","event":"Tenderize V2 suffers a protocol logic exploit via proxy upgrade skim technique on Ethereum, resulting in an alleged loss of approximately $10,850.","source":""},{"date":"2025-09-18","event":"Tenderize protocol goes live on Sei Network, offering tSEI liquid staking and TenderSwap functionality, with BeefyBank planned for October 2025.","source":""}]},"v":1}