Hundred Finance Review 2026: Compound Fork After the 2023 Exploit

Hundred Finance is a decentralized lending and borrowing protocol. It is described as a community-owned fork of Compound Finance that uses Chainlink oracles, and as the successor to Percent Finance. It is listed on eight networks: Ethereum, Arbitrum, Optimism, Polygon, Gnosis, Fantom, Harmony and Moonriver.

The project's defining event is the April 16, 2023 attack, which caused a loss of about $7.4 million. Analysts have since grouped it with other Compound V2 fork exploits from that period. Total value locked is now only about $68,000, a small fraction of what a functioning money market usually holds.

The native token is HND, with a listed maximum supply of 100 million. It trades at roughly half a cent, and some trackers show a circulating supply of zero. Two audits are listed for the protocol, but the reports, the team, and the current state of development are not published in the sources available.

Hundred Finance works like Compound V2. Depositors supply tokens to a shared pool and receive receipt tokens that represent their share plus accrued interest. Borrowers lock collateral in the same system and can then borrow other assets up to a set collateral factor.

Interest rates move with how much of each pool is borrowed. If a borrower's collateral value falls too far relative to their debt, other users can liquidate part of the position for a bonus. Chainlink oracles supply the prices used for these checks.

This design depends on code correctness and on markets with enough liquidity. Compound V2 forks have been exposed to specific attack patterns, particularly in newly listed or low-liquidity markets, and Hundred Finance was one such case in 2023.

Hundred Finance does not publish a fee schedule in the sources available. As with other Compound V2 forks, the main costs are likely to be the borrow interest rate, which floats with market utilisation, and network gas on whichever chain is used. Users would see current rates on the market pages inside the app.

The interest rate paid to depositors and charged to borrowers is not stated, and neither are liquidation penalties or any protocol reserve factor. Check these in the app before using it.

The main safety fact is the April 2023 exploit, which cost about $7.4 million. That incident shows the protocol's smart contracts and market configuration were vulnerable despite listed audits. Audits reduce risk but do not remove it, and the audit reports are not published in the sources available.

Lending protocols carry smart-contract risk, oracle risk, liquidity risk and, on small deployments, the risk that governance or maintenance has stopped. With TVL around $68,000, withdrawals and liquidations may not work as expected. Regulatory status is not stated. Treat any deposit as high risk and verify current official channels before connecting a wallet.

Hundred Finance is mainly relevant to experienced DeFi users, researchers and former depositors who want to understand the protocol's history or check old positions. It is not a good fit for beginners or for anyone seeking a lending venue with deep liquidity and a clean security record.