Risk Rankings/Centrifuge

Centrifuge

Credit
Stable OutlookDefault RiskIlliquid Underlying Assets
Compare Protocol
3.4OUT OF 5.0Moderate Risk

TVL

$1.43B

Backing Ratio

108%

Avg Redemption

7–30 days

Audits Completed

4

Last Audit

Nov 2025

Exploit History

None

90-Day TVL History

Risk Dimension Scores

Asset Backing(30%)
3/5
Transparency(20%)
4/5
Legal Structure(20%)
4/5
Smart Contract Security(15%)
4/5
Liquidity & Redemption(15%)
2/5

Key Strengths

  • Pioneering legal framework for SPVs
  • Strong integration with DeFi (Maker)

Key Risks

  • Default risk on underlying loans
  • Thin secondary liquidity

Chain Deployment

Base, Monad, Arbitrum, Avalanche, Hyperliquid L1, Pharos, Plume Mainnet, Optimism, Ethereum, Binance