ZeroLend
Lending
ZeroLend is a decentralized lending protocol built on L2s. Forked from Aave V3 and powered by Pyth and Chainlink oracles.
Risk Rating
Watch Out
Protocol Code Quality
Protocol Maturity
Protocol Design
What is ZeroLend?
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Information
Exploit/Hacks
None
- Documentation
- Auditors
- Please see our FAQ on experienced auditors
Info
- Website
- Token: ZERO
- Tags: Lending
Key Metrics
- TVL: $113.9M (Rank #85)
- TVL Ranking by Lending: #21
- Blockchain: Linea, zkSync Era, Ethereum, ZKsync Era, Base, Blast, X Layer, Zircuit, Manta, Abstract, Corn
- Chain TVL
- Linea: $63.35M
- zkSync Era: $26.34M
- Ethereum: $19.79M
- ZKsync Era: $5.39M
- Base: $1.92M
- Others: $2.52M
Risk Assessment
Watch Out
Protocol Code Quality
- Code reviewed by several experienced auditors; ZeroLend is forked from the Aave V3 codebase which has been extensively audited. PeckShield and Hablorn also completed independent audits
- Anonymous team reduces transparency
- No documented protocol hacks since launch
Protocol Maturity
- Latest protocol version launched in 2023; maturity over one year minimizes technical risk as smart contracts are well 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
- Timelock is at least 48hrs, which provides users with sufficient time to exit if any malicious upgrades are approved
- Low voting power concentration reduces risk
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
- Robust mechanisms in place to ensure healthy liquidations
- Robust methods to accrue protocol reserves
Things to know about ZeroLend
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