Is Agni Finance Safe?
Risk Grade: C (44/100)
Agni Finance is rated as elevated risk — multiple novel mechanisms and notable interaction risks.
Elevated risk — standard concentrated liquidity fork on Mantle with limited differentiation, thin documentation, and full dependency on the Mantle ecosystem's growth trajectory
Agni Finance is a decentralized exchange on Mantle Network that uses concentrated liquidity (similar to Uniswap v3) to enable efficient token swaps. LPs can provide liquidity within specific price ranges for higher capital efficiency, and the protocol also features a token launchpad with an insurance pool for new project launches. With $34M in deposits, Agni is one of the largest DEXs on Mantle, processing roughly $169M in monthly volume. The AGNI governance token enables holders to vote on protocol decisions and emission distribution.
TVL
$22M
Mechanisms
6
Interactions
3
Value Grade
D
Key Risks for Agni Finance Users
Agni is a Uniswap v3 fork with modifications for Mantle Network. Fork-specific code changes have historically been a source of vulnerabilities, and audit details for these modifications are limited.
The protocol's success depends entirely on Mantle Network's growth. If Mantle loses momentum to competing L2s, Agni's liquidity and trading volume would decline proportionally.
Limited documentation and audit transparency compared to the original Uniswap v3. Users should treat this as a higher-risk alternative to the battle-tested original.
Top Risk Factors
- •Agni Finance is a Uniswap v3 concentrated liquidity fork on Mantle Network with minimal differentiation. As a fork, it inherits known risks but the Mantle-specific modifications and the launchpad feature add untested smart contract surface area.
- •The protocol's success is entirely dependent on Mantle Network's growth. At $34M TVL, Agni represents a significant portion of Mantle's DeFi ecosystem. A decline in Mantle adoption would directly erode Agni's liquidity and trading volume.
- •Documentation quality is limited compared to the original Uniswap v3. Security audit details are sparse, and the specific modifications made for Mantle compatibility have not been as thoroughly reviewed as the original codebase.
Risk Score Breakdown
Agni Finance's highest risk area is Track Record (14/15). Here's how each dimension contributes to the overall 44/100 score:
Read the Full Agni Finance Risk Report
This protocol has 2 collapse scenarios. 1 high-severity interaction risks identified. See the full mechanism classification, interaction matrix, and deep-dive recommendations.
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