Lending · Review
Lendfme Review: dForce Lending and Its 2020 Exploit
Lendf.Me was a dForce money-market protocol for supplying and borrowing crypto. Its reported 2020 exploit and unclear current status make it difficult to assess as a live service.
By the DappsAtlas editorial team · Updated
DappsAtlas score
—/10
Not rated
Our verdict on Lendfme
Lendf.Me was a dForce money market intended to connect crypto suppliers and borrowers. That lending use case may interest readers researching DeFi history, but the reported $25.2 million exploit is a serious caveat. Its present operating status, fees, supported assets, and security arrangements are unclear, so there is not enough information to assess it as a live lending option. Verify any current endpoint and its terms before considering an interaction.
Score breakdown
How Lendfme scores
- Security
- n/a
- Ease of use
- n/a
- Fees
- n/a
- Features
- n/a
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Lendfme?
Lendf.Me was described as a dForce ecosystem money market for supplying crypto and accessing borrowing liquidity. A security incident report lists a 2020 exploit with losses of $25.2 million. Its current operating status, supported assets, fees, and security arrangements are unclear.
How Lendfme works
Lendf.Me was described as a money market that connects crypto supply with borrowing demand. In a typical money market, suppliers deposit assets and borrowers access liquidity under protocol-defined terms.
The specific current mechanics, supported assets, collateral rules, and deployment chains for Lendf.Me are unclear. Do not assume that historical descriptions reflect a currently operating service.
1 features
Key features
01
Crypto lending
Lendf.Me was described as a money market for supplying crypto and borrowing against available liquidity.
Pros and cons
What we like
- Its stated purpose was a clear lending use case: connecting crypto supply with borrowing demand.
- It was associated with the dForce ecosystem.
- The reported security incident is documented, giving users a concrete historical risk to consider.
Watch out for
- A 2020 security incident report lists an exploit loss of $25.2 million.
- Whether the protocol is currently operating is unclear.
- Fees, supported chains, audit status, and custody arrangements are not established.
Lendfme fees
Fees are not published. If the protocol is accessible, check its interface and transaction details for any borrowing, withdrawal, or network costs before proceeding.
Is Lendfme safe?
A security incident report lists an exploit in April 2020 and losses of $25.2 million. This is a significant historical risk; current safeguards and whether the protocol remains operational are unclear.
Current audit status, custody arrangements, and regulatory status are not established. Treat any site or contract claiming to be Lendf.Me with caution and verify its authenticity before interacting.
4 steps
How to get started with Lendfme
- 1
Confirm whether Lendf.Me is currently operating before attempting to use it.
- 2
Verify any site or app you encounter through trusted project channels.
- 3
Review the current security, custody, and audit information; these details are not established here.
- 4
Check all fees and transaction details before connecting a wallet or approving a transaction.
Who Lendfme is for
Lendf.Me is mainly relevant to readers researching dForce and the history of DeFi lending. Anyone considering a live interaction should first verify that the protocol is operating and review its current contracts, security information, and fees.
Lendfme FAQs
What is Lendf.Me?
Lendf.Me was described as a dForce money-market protocol for supplying and borrowing crypto. Its current operating status is unclear.
Was Lendf.Me hacked?
A security incident report lists an exploit in April 2020 with losses reported at $25.2 million. Current security measures and audit status are not established.
Can you still use Lendf.Me?
Its current availability and terms are unclear. Verify that the protocol is operating and check its fees and security details before considering any interaction.
Compare
Lendfme alternatives
Morpho Blue is a permissionless lending primitive with about $11.4 billion in TVL on DefiLlama, accessed mainly through curated vaults.
Aave V3 is a non-custodial DeFi lending protocol on 21 chains where users earn interest on deposits or borrow against collateral.
Dolomite is a multi-chain DeFi money market for lending, borrowing and leveraged strategies across 1,000+ assets, with its own DOLO token.
Compound V3 is a lending protocol on Ethereum and nine other chains where users supply a base asset for yield or borrow it against collateral.
SparkLend is a stablecoin lending market on Ethereum and Gnosis with governance-set rates, backed by Sky's Liquidity Layer, for borrowers and savers.
Save, formerly Solend, is a Solana lending and borrowing protocol where users earn interest on deposits or borrow against collateral.
Same category
More Lending dApps
Euler V2 is a modular DeFi lending protocol for lenders, borrowers and market curators, with about $268M TVL across 16 chains.
Morpho is a decentralized lending protocol with isolated markets, curated vaults and fixed-rate loans for crypto lenders, borrowers and developers.
Kamino Finance is a Solana DeFi protocol offering lending, automated liquidity vaults and leverage tools for users seeking on-chain yield.
Aave V4 is a modular, non-custodial lending protocol using a hub-and-spoke design, for users who want to earn on or borrow against crypto.
Venus Core Pool is a multi-chain DeFi money market where users supply crypto to earn interest or borrow against collateral, with about $1.18B in TVL.
Kamino is a Solana DeFi protocol with a lending market, automated concentrated liquidity vaults and an intents-based swap, for yield-seeking on-chain users.
How we checked
Sources
No public sources were recorded for this review.
Last updated . Spotted an error? Tell us and we will correct it.