Colend
Lending
Colend is a decentralized protocol that enables individuals to lend and borrow directly on the Core blockchain.
Risk Rating
Average
Protocol Code Quality
Protocol Maturity
Protocol Design
What is Colend?
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InvestInformation
Exploit/Hacks
None
Info
- Website
- Tags: Lending
Key Metrics
- TVL: $139.8M (Rank #82)
- TVL Ranking by Lending: #20
- Blockchain: CORE
- Chain TVL
- CORE: $139.78M
Risk Assessment
Average
Protocol Code Quality
- Code reviewed by several experienced auditors; Certik and Halborn
- Anonymous team reduces transparency
- No documented protocol hacks since launch
Protocol Maturity
- Latest protocol version launched in 2024; maturity over six months reduces technical risk as smart contracts are moderately battle-tested
- Top 10% by total value locked reduces risk
- Multisig wallet controls protocol upgrades
- Multisig consists of less than 4 signers, which makes the protocol more susceptible to centralization risks
- No timelock exists or no information documented, which mean a malicious actor could approve upgrades without any delay
- No governance token and/or contracts are fully immutable
Protocol Design
- Robust controls to mitigate oracle price manipulation
- Secured lending market that uses a combination of isolated and cross-collateral pools depending on the individual asset serves to reduce risk
- Solid controls in place to prevent risky borrowing
- Solid mechanisms in place to ensure healthy liquidations
- Solid methods to accrue protocol reserves
Things to know about Colend
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