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Mantapex
Racks
Racks
-Derivatives
DeFiLlama Derivatives·$4.4K TVL·-0.02% 1h·+0.06% 24h·+0.01% 7d·1 chains

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Protocol TVL

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About Racks

Racks is a platform for fast paced 1000x leveraged trading on HyperEVM via 1-minute expiry options

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

How Racks's TVL is measured

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

Sum of all USDT deposits in Collateral Vault

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Security & Audits

No public audits on record
Price oracles
Chainlink· 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.

Racks Timeline

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

  1. Jun 20, 2025
    Listed on DeFiLlama

Protocol Profile

Racks 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 Hyperliquid L1.

TVL Distribution by Chain

Hyperliquid L1
$4.4K(100.0%)

Supported Chains

Hyperliquid L1

Protocol Footprint

Racks is a single-chain protocol, deployed exclusively on Hyperliquid L1 — this concentrates execution risk but simplifies the trust model. Price feeds come from a single oracle provider (Chainlink); an outage or manipulation of that feed would propagate into every market the protocol prices.

Official Resources & Links

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

Twitter / X — @racksdotwin
twitter.com

Other Derivatives protocols on Mantapex

Racks 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 Racks'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 Racks news

Latest reporting from major crypto news outlets covering Racks.

Related protocols

Other DeFi protocols connected to Racks 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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