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Tenderize V2

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

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

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)

    December 2021

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

    29 April 2022

    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.

    11 August 2022

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

    29 January 2024

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

    May 2024

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

    7 April 2025

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

    18 September 2025

    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-chain12 Wayback Archivessrc:defillama

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (3 events). 12 of 13 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

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

    last updated: 8/30/2026, 3:55:00 AM

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