StakeSteak Review 2026: Fantom’s iFUSD Protocol

StakeSteak is a Fantom-based yield protocol associated with iFUSD, an interest-bearing stablecoin. Its mechanics and current operating status are unclear, and a reported past exploit is a serious risk.

Fantom

By the DappsAtlas editorial team · Updated Nov 6, 2026

DappsAtlas score

—/10

Not rated

Our verdict on StakeSteak

StakeSteak may interest readers researching Fantom’s early yield protocols and interest-bearing stablecoins, but public sources are too limited to establish how iFUSD works or whether the protocol is operating now. Its main point of distinction is the iFUSD product; the main caveats are missing backing, yield and redemption details, no listed audit, and a reported 2021 exploit. Verify current contracts and terms before considering any interaction.

Score breakdown

How StakeSteak 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 StakeSteak?

StakeSteak is described as a Fantom-native yield protocol associated with iFUSD, an interest-bearing stablecoin. STEAK is the project’s named token. Public sources do not explain how iFUSD is backed, how its yield works or how users redeem it.

A 2021 report says the protocol lost funds in an exploit. No audit is listed, and its current interface and operating status are unclear, so users should verify the contracts and terms before considering any interaction.

How StakeSteak works

StakeSteak is described as a Fantom-native yield protocol built around iFUSD, an interest-bearing stablecoin. In general, an interest-bearing stablecoin aims to represent a stable-value asset while reflecting some form of yield, but StakeSteak’s description does not explain iFUSD’s backing, how interest accrues or how holders redeem it.

STEAK is the project’s named token, but its role is unclear. Without published mechanics, rates or redemption terms, users cannot assess how the protocol creates yield or what conditions could affect iFUSD’s value.

2 features

Key features

iFUSD stablecoin

StakeSteak is described as a Fantom-native protocol for iFUSD, an interest-bearing stablecoin.

STEAK token

STEAK is named as StakeSteak’s token, but its purpose and tokenomics are not described.

Pros and cons

What we like

The project has a stated focus on an interest-bearing stablecoin native to Fantom.
The named iFUSD and STEAK assets give the protocol a clear, if sparsely described, product identity.

Watch out for

Public sources do not explain how iFUSD is minted, backed or redeemed.
Fees, yield rates and withdrawal terms are not published.
No audit is listed, and a 2021 report says the protocol lost funds in an exploit.
The project’s current interface and operating status are unclear.

StakeSteak fees

Fees are not published. Check the protocol interface or official announcements for any transaction, deposit, withdrawal or redemption charges before using it.

Is StakeSteak safe?

No audit is listed for StakeSteak. A 2021 report says the protocol lost 80,636 FTM and 81,351 USDC in an exploit; this reported incident raises significant smart-contract risk. Public sources do not establish the protocol’s custody model, current contract status or any remediation. Verify current contracts and terms before interacting, and do not assume iFUSD can be redeemed at a stable value.

4 steps

How to get started with StakeSteak

1
Look for a current official StakeSteak interface and verify that it is still operating.
2
Confirm the Fantom contract addresses for iFUSD and STEAK through official project channels before interacting.
3
Review the current minting, redemption, yield and withdrawal terms; these details are not published here.
4
If you cannot verify the contracts and terms, do not deposit funds.

Who StakeSteak is for

StakeSteak is mainly relevant to readers researching Fantom-based stablecoin and yield projects. It is not a good fit for anyone who needs clearly documented backing, redemption terms, fees or independently listed security reviews before committing funds.

StakeSteak FAQs

What is StakeSteak?

StakeSteak is described as a Fantom-native yield protocol associated with iFUSD, an interest-bearing stablecoin. Public sources do not explain its backing or how it generates interest.

What is the STEAK token?

STEAK is the token named for the project. Its role, supply and tokenomics are not described.

Is StakeSteak safe to use?

A 2021 report says StakeSteak lost funds in an exploit. No audit is listed, so contract safety and the protocol’s current status are difficult to assess. Only consider using it if you can verify the current contracts and understand the risks.

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