Metavault Derivatives V2

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

Metavault Derivatives V2 is published as a versioned release inside the Metavault protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.

Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.

Metavault Derivatives V2 is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.

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

1. Dec 12, 2023
   Listed on DeFiLlama

Metavault Derivatives V2 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 across 2 chains, including Linea, Polygon.

Metavault Derivatives V2 operates on 2 networks (Linea, Polygon), keeping its surface area narrower than chain-agnostic peers. Price discovery relies on 2 oracle providers (Pyth, Api3), which diversifies the data-feed surface but also expands the set of third parties users implicitly trust.

Verified external resources for Metavault Derivatives V2 — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Metavault Derivatives V2 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 Metavault Derivatives V2's own TVL is at the top, middle, or tail of the category.

Jupiter Perpetual Exchange

TVL $910.6M · 24h -0.27%

Hyperliquid HLP

TVL $431.7M · 24h +0.11%

Drift Trade

TVL $334.4M · 24h +0.22%

GMX V2 Perps

TVL $267.5M · 24h -0.08%

Extended

TVL $196.4M · 24h +0.06%

dYdX V4

TVL $125.3M · 24h +0.58%