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Mantapex
Cypher
Cypher
-Derivatives
DeFiLlama Derivatives·$0 TVL·- 1h·- 24h·- 7d·1 chains

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Protocol TVL

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About Cypher

Building Disneyland for derivatives on Solana.

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

Security & Audits

No public audits on record
Price oracles
Pyth· Primary

Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.

Cypher Timeline

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

  1. Feb 23, 2023
    Listed on DeFiLlama

Protocol Profile

Cypher is a Derivatives protocol where traders open leveraged, perpetual, or option positions priced off oracle feeds and settled in collateral held by the contract. It is deployed on Solana.

Supported Chains

Solana

Protocol Footprint

Cypher is a single-chain protocol, deployed exclusively on Solana — this concentrates execution risk but simplifies the trust model. Price feeds come from a single oracle provider (Pyth); an outage or manipulation of that feed would propagate into every market the protocol prices.

Official Resources & Links

Verified external resources for Cypher — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Twitter / X — @cypher_protocol
twitter.com
Source Code on GitHub
github.com

Other Derivatives protocols on Mantapex

Cypher is one of 7 Derivatives protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Jupiter Perpetual Exchange, Hyperliquid HLP, Drift Trade, and 3 more. These peer protocols collectively secure $2.3B in deposits, giving you a frame of reference for whether Cypher's own TVL is at the top, middle, or tail of the category.

Jupiter Perpetual Exchange
Jupiter Perpetual Exchange
TVL $910.6M · 24h -0.27%
Hyperliquid HLP
Hyperliquid HLP
TVL $431.7M · 24h +0.11%
Drift Trade
Drift Trade
TVL $334.4M · 24h +0.22%
GMX V2 Perps
GMX V2 Perps
TVL $267.5M · 24h -0.08%
Extended
Extended
TVL $196.4M · 24h +0.06%
dYdX V4
dYdX V4
TVL $125.3M · 24h +0.58%
Browse all Derivatives protocols on Mantapex

Recent Cypher news

Latest reporting from major crypto news outlets covering Cypher.

Related protocols

Other DeFi protocols connected to Cypher by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.

Risk Warning

DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.

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