Saphyre V2

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

Saphyre V2 is published as a versioned release inside the Saphyre 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.

Saphyre 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. Jun 4, 2024
   Listed on DeFiLlama

Saphyre V2 is a DEX — a decentralised exchange where users swap assets against on-chain liquidity pools rather than a central order book. It is deployed on Sei. The codebase has been independently audited (2 reports on file).

Saphyre V2 is a single-chain protocol, deployed exclusively on Sei — this concentrates execution risk but simplifies the trust model. Two audit reports are published on DeFiLlama, which is in line with typical practice for protocols at this scale.

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

Saphyre V2 is one of 7 DEX protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Curve DEX, Uniswap V3, PancakeSwap AMM, and 3 more. These peer protocols collectively secure $8B in deposits, giving you a frame of reference for whether Saphyre V2's own TVL is at the top, middle, or tail of the category.

Curve DEX

TVL $1.9B · 24h +0.39%

Uniswap V3

TVL $1.8B · 24h -0.67%

PancakeSwap AMM

TVL $1.7B · 24h +0.14%

Raydium AMM

TVL $1.1B · 24h +0.66%

Uniswap V2

TVL $872.4M · 24h -0.17%

Uniswap V4

TVL $670.6M · 24h -0.47%