Morphex V2

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

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.

Morphex liquidity is calculated by the value of tokens in the MLP pool. TVL also includes MPX staked.

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

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

Morphex V2 是更大协议家族中的一个版本。打开父协议可查看合并的 TVL 及所有同系列版本。

由 DeFiLlama 社区标记的重要事件——协议上线、安全攻击、治理变更和激励计划。

1. Mar 13, 2023
   上线 DeFiLlama

Morphex 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 Fantom, Binance.

Morphex V2 operates on 2 networks (Fantom, Binance), keeping its surface area narrower than chain-agnostic peers. Its TVL is heavily concentrated on Fantom, which holds 97% of all assets — other deployments are comparatively small. Price feeds come from a single oracle provider (Pyth); an outage or manipulation of that feed would propagate into every market the protocol prices.

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

Morphex 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 US$22.7亿 in deposits, giving you a frame of reference for whether Morphex V2's own TVL is at the top, middle, or tail of the category.

Jupiter Perpetual Exchange

TVL US$9.1亿 · 24h -0.27%

Hyperliquid HLP

TVL US$4.3亿 · 24h +0.11%

Drift Trade

TVL US$3.3亿 · 24h +0.22%

GMX V2 Perps

TVL US$2.7亿 · 24h -0.08%

Extended

TVL US$2亿 · 24h +0.06%

dYdX V4

TVL US$1.3亿 · 24h +0.58%