Fulcrom

Fulcrom Finance (FUL) presents a contrasting profile of a secure, operational DeFi product weighed down by long-term financial and transparency risks. The project's strongest asset is its Security and Audit History (9/10), supported by a SlowMist audit, an active HackenProof bug bounty, and a clean track record since launch. The Market and Use Case (7.2/10) is also robust, offering a functional 'Real Yield' perpetual exchange that has successfully expanded to the Cronos zkEVM. However, the investment thesis is complicated by significant red flags. Active Development (5/10) and Team and Governance (4.5/10) scores are suppressed by a closed-source codebase, developer anonymity, and a lack of verifiable decentralized governance. Furthermore, Tokenomics (5.5/10) indicates a high-risk structure with only ~10.6% of the supply circulating, creating substantial inflationary pressure and a high Fully Diluted Valuation (FDV) relative to market cap. While the product works and generates revenue, the competitive saturation of the Perp DEX market combined with the supply overhang suggests upside may be limited compared to the risks.