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Concentrator

Concentrator

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Concentrator is Aladdin DAO's yield aggregator on Ethereum that auto-compounds Curve, Convex, Frax, StakeDAO, Pendle, and f(x) Protocol gauge rewards into ERC-4626-style wrapper tokens (aCRV, aFXS, asdCRV, afrxETH, aFXN, arUSD, asdPENDLE).

YieldEthereumTVL: $62.6MLast updated: May 21, 2026
Risk Rating
AA
Safety Score
81

Risk Profile Overview

Overall Rating
(81/100)
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The Problem

Manually harvesting and reinvesting Curve/Convex gauge rewards is gas-prohibitive for small holders, and the resulting reward token streams (CRV, CVX, FXS, FXN, PENDLE) need to be swapped and restaked to compound — leaving meaningful yield on the table for users who don't actively manage their positions.

The Solution

Concentrator deposits user funds into the underlying Curve/Convex/Frax/StakeDAO/Pendle/f(x) gauges, harvests reward emissions on a continuous keeper schedule, swaps them into a single output token, and re-deposits them. Users hold a wrapper token (aCRV, aFXS, etc.) whose redemption rate against the underlying grows over time as harvests accrue.

Why it Matters

One of the earliest (March 2022) and longest-running auto-compounding aggregators in the Curve/Convex ecosystem, surviving the 2022 bear market and 2023 Curve reentrancy crisis without core fund loss. Fair-launch CTR token with no team/VC allocation; 10% treasury fee with 50% redirected to veCTR lockers. Run by Aladdin DAO — same team behind f(x) Protocol — with publicly identified multisig signers and on-chain transparency.

Protocol Metrics

TVL Trend
$62.63M

Related Research

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Frequently asked questions about Concentrator

What is Concentrator?+

Concentrator is a Yield protocol operating on Ethereum. Concentrator is Aladdin DAO's yield aggregator on Ethereum that auto-compounds Curve, Convex, Frax, StakeDAO, Pendle, and f(x) Protocol gauge rewards into ERC-4626-style wrapper tokens (aCRV, aFXS, asdCRV, afrxETH, aFXN, arUSD, asdPENDLE).

How does Concentrator work?+

Concentrator deposits user funds into the underlying Curve/Convex/Frax/StakeDAO/Pendle/f(x) gauges, harvests reward emissions on a continuous keeper schedule, swaps them into a single output token, and re-deposits them. Users hold a wrapper token (aCRV, aFXS, etc.) whose redemption rate against the underlying grows over time as harvests accrue.

Is Concentrator safe?+

DeFi Sentinel rates Concentrator AA with a safety score of 81/100, indicating very low risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. Concentrator has 8 audits on record. DeFi Sentinel's analysis flagged 1 high, 5 medium, 4 low risk alerts across Smart Contract & Technical Risk, Economic Design & Market Risk, Governance & Centralization, Sustainability & Competitive Position and Reputation & Social Trust. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.

What is the safety score of Concentrator?+

Concentrator has a DeFi Sentinel safety score of 81/100 (rating AA), last updated May 21, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).

Which chains does Concentrator support?+

Concentrator is deployed on Ethereum.

Has Concentrator been audited?+

Yes. Concentrator has 8 audit reports on record from firms including SECBIT Labs, PeckShield, SECBIT Labs (aCRV update). Audit reports and dates are linked under the Resources tab on this page.