Hundred Finance (HND): tokenomics, risks and score
A lending protocol exploited twice, the second time for roughly seven million dollars through a rounding error in an empty market.
What Hundred Finance is, and what it does
This asset has failed. It is recorded here so that a search returns what actually happened rather than promotional material that is still online.
What the HND token itself does: It receives a share of the fees the protocol collects, so holding it is a claim on real revenue.
Where it runs: Multi chain. Mechanism: Multi chain lending protocol. It has been running since 2021, so roughly 5 years.
The facts
- TICKER
- HND
- SECTOR
- Failed and defunct
- CHAIN
- Multi chain
- LAUNCHED
- 2021, so around 5 years of operating history
- MECHANISM
- Multi chain lending protocol
- MAXIMUM SUPPLY
- Not fully documented
- VALUE CAPTURE
- Fee share
- UPGRADE CONTROL
- DAO governed
- VESTING
- Complete
- LIQUIDITY BAND
- Micro cap. Thin, often a single venue or pool. Treat the quoted price as indicative only.
How the score breaks down
Each dimension is explained on the directory page, and the reasoning behind it is taught in the Academy research process.
Supply and value capture
A hard maximum supply that cannot be raised without the agreement of essentially every participant. A share of protocol fees reaches holders directly, which is the strongest form of value capture available.
Changes go through token holder governance, so control is distributed but influenced by whoever holds most. Ownership is heavily concentrated. A small number of wallets hold enough to determine the price on their own.
Where it is strong and where it is not
- None. The protocol was exploited twice and ceased operating.
- Exploited twice through different vectors
- A rounding manipulation in a near empty market enabled the second attack
- The protocol ceased operating afterwards
- Empty lending markets remain a recurring and underappreciated attack surface
Incident history
A reentrancy attack on a bridged asset drained several million dollars.
A rounding manipulation in an empty market drained roughly seven million dollars, after which the protocol ceased operating.
Our read
The main risk
Exploited twice and ceased operating. Empty lending markets remain a recurring attack surface.
Before you buy anything
Check the contract address against the project's own documentation rather than a search result or a screener link, since impersonation tokens with identical names and logos are listed constantly. Check the order book depth before assuming you can exit at the quoted price. And write down what would make you wrong before you buy, not after. The Academy thesis module covers why that single habit protects more capital than any indicator.