Aries Markets
Lending
Aries Markets is a decentralized margin trading protocol on Aptos which allows users to borrow, lend, swap, and trade with margin via an on-chain order book
Risk Rating
Watch Out
Protocol Code Quality
Protocol Maturity
Protocol Design
What is Aries Markets?
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Exploit/Hacks
None
- Documentation
- Auditors
- Please see our FAQ on experienced auditors
Info
- Website
- Tags: Lending
Key Metrics
- TVL: $344.6M (Rank #48)
- TVL Ranking by Lending: #14
- Blockchain: Aptos
- Chain TVL
- Aptos: $344.62M
Risk Assessment
Watch Out
Protocol Code Quality
- Code reviewed by at least one experienced auditor; OtterSec
- Anonymous team reduces transparency
- No documented protocol hacks since launch
Protocol Maturity
- Latest protocol version launched in 2022; maturity over one year minimizes technical risk as smart contracts are well battle-tested
- Top 10% by total value locked reduces risk
- Multisig wallet controls protocol upgrades
- Multisig consists of less than 4 signers, which makes the protocol more susceptible to centralization risks
- No timelock exists or no information documented, which mean a malicious actor could approve upgrades without any delay
- No governance token and/or contracts are fully immutable
Protocol Design
- No death spiral concerns
- Robust controls to mitigate oracle price manipulation
- Cross-collateral markets are exposed to systemic risks as each asset creates incremental risks for the platform as a whole
- Robust controls in place to prevent risky borrowing
- Solid mechanisms in place to ensure healthy liquidations
- Solid methods to accrue protocol reserves
Things to know about Aries Markets
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