Phoenix Finance

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

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

1. Oct 16, 2021
   Listed on DeFiLlama
2. Sep 15, 2022
   Project is dead: https://twitter.com/Phoenix__PHX/status/1570389804734640129

Phoenix Finance is a Options 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 3 chains, including Polygon, Binance, Wanchain. The codebase has been independently audited (1 report on file). DeFiLlama tracks 1 historical event for this protocol since 2022.

Phoenix Finance operates on 3 networks (Polygon, Binance, Wanchain), keeping its surface area narrower than chain-agnostic peers. Price feeds come from a single oracle provider (Chainlink); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.

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

Phoenix Finance is one of 7 Options protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Rysk V12, Hegic, Deri V4, and 3 more. These peer protocols collectively secure $85.6M in deposits, giving you a frame of reference for whether Phoenix Finance's own TVL is at the top, middle, or tail of the category.

Rysk V12

TVL $62.6M · 24h +4.61%

Hegic

TVL $9.8M · 24h -0.02%

Deri V4

TVL $7.8M · 24h +0.27%

Hypersurface

TVL $2.7M · 24h +3.58%

GammaSwap Open Interest

TVL $1.4M · 24h +0.51%

Jasper Vault

TVL $1.3M · 24h -0.03%