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Entropy

Derivatives

Entropy is a decentralized exchange to trade volatility built using Mango's risk engine on the backend

Risk Rating
Watch Out
Protocol Code Quality
Protocol Maturity
Protocol Design
What is Entropy?
Information
Exploit/Hacks
Unknown
Info
Key Metrics
Risk Assessment
Watch Out
Protocol Code Quality
  • Code not reviewed by any experienced auditors
  • Anonymous team reduces transparency
  • No documented protocol hacks since launch
Protocol Maturity
  • Core protocol launched in 2022; maturity over one year minimizes technical risk as smart contracts are well battle-tested
  • Bottom 80% by total value locked increases risk
  • Requires members of a DAO to vote on-chain for approving contract upgrades
  • Timelock is at least 48hrs, which provides users with sufficient time to exit if any malicious upgrades are approved
  • No governance token and/or contracts are fully immutable
Protocol Design
  • No death spiral concerns
  • Solid controls to prevent oracle price manipulation
Things to know about Entropy