Credit · Leveraged Yield · EXTRA
Extra Finance combines a lending market with leveraged LP farming, letting users lever up liquidity positions on Optimism and Base DEXes.
Lending + leveraged LP farming on the Superchain.
EXTRA price
$0.0038
-2.7% 24h
Latest data · 15 min delay
Typed risks scored by severity, likelihood and impact, with the incident record behind them.
36
severity-weighted points across 15 typed risks · no critical risks
assessed Jul 2026Market
14· 6 risks
Technological
13· 5 risks
Counterparty
7· 3 risks
Governance
2· 1 risk
Regulatory
No rowsNo Regulatory risk rows in the dataset: a recorded finding (no fetchable regulatory exposure source), not missing data.
Every score is recomputed at render time from the typed risks below; nothing is hand-assigned. Each risk contributes its severity weight (critical 4 · high 3 · medium 2 · low 1) to its category; the headline number is the sum across all categories. Bars scale to this entity's highest category score. Scores are not comparable across tags because a permissionless-market protocol concentrates technological risk while an institutional-credit protocol concentrates counterparty and regulatory risk, and a single league table would misrepresent both.
Market 6 × → 14
Technological 5 × → 13
Counterparty 3 × → 7
Governance 1 × → 2
Extra Finance is a small and shrinking leveraged farming protocol whose risk is concentrated rather than systemic. The design is conservative in places: partial liquidation at 30% of a position, an 8% fee on only the liquidated slice, per-asset caps in XLend, no admin withdrawal function and a self-imposed rule to disable leverage when its own liquidity share of a farmed pool exceeds about 30%. Against that, the protocol depends on a team-operated liquidation bot for the farming product, on a 30-minute on-chain TWAP that is manipulable in shallow markets, and on two OP Stack chains for essentially all of its book. The February 2025 EXA bad debt event shows the failure mode is real, and the collapse in TVL from roughly $117m in August 2024 to about $24m today means both revenue and the liquidity cushion that keeps liquidations orderly are much thinner than when the parameters were designed.
Market6
Technological5
Counterparty3
Governance1
1 documented incident · Feb 2025 · how the protocol behaved under stress, with sources.
Feb 2025
Bad debt accrued on the EXA asset, prompting one of four governance proposals that month to be an emergency response.
DetailsBad debt accrued on the EXA asset, prompting one of four governance proposals that month to be an emergency response.
Outcome: Community passed an emergency response proposal; the protocol continued operating and launched XLend on OP Mainnet in the same month. Loss size not disclosed.
SourceEvent-type chips are categorised by event type against the risk taxonomy (a documented presentation mapping, not a dataset assessment). Amounts are the dataset's published figures; missing values were never published.
