Is Saphyre V3 Safe?
Risk Grade: C (44/100)
Saphyre V3 is rated as elevated risk — multiple novel mechanisms and notable interaction risks.
Limited Data Available
This protocol has limited public documentation. Our analysis may not fully capture all risk dimensions.
Elevated risk — a concentrated liquidity DEX on Sei with critically insufficient public documentation to fully assess smart contract and mechanism design risks.
Saphyre V3 is a concentrated liquidity DEX operating on the Sei blockchain, offering Uniswap V3-style trading with customizable price ranges for liquidity providers. With $15M in TVL, it provides swap functionality for Sei ecosystem tokens. The C+ risk grade reflects the protocol's extremely limited public documentation, lack of visible audit reports, and the inherent risks of operating a V3 fork on a newer chain. Limited data was available for this assessment.
TVL
$14M
Mechanisms
5
Interactions
4
Value Grade
D-
Key Risks for Saphyre V3 Users
Almost no public documentation is available for this protocol — without detailed technical specs or audit reports, it is difficult to assess the security of the smart contracts holding your funds
As a liquidity provider, you face impermanent loss risk that can be amplified in concentrated liquidity positions, especially during volatile markets
The protocol operates on Sei, a newer blockchain — any chain-level issues directly impact your ability to trade or withdraw funds
Top Risk Factors
- •Extremely limited public documentation — unable to find official docs, audit reports, or detailed technical specifications for the protocol's mechanisms
- •Operating on Sei, a relatively newer L1 with evolving infrastructure — DEX smart contract risk compounded by underlying chain maturity
- •As a concentrated liquidity DEX with limited track record, LPs face impermanent loss risk with no proven track record of handling volatile market conditions
Risk Score Breakdown
Saphyre V3's highest risk area is Track Record (13/15). Here's how each dimension contributes to the overall 44/100 score:
Read the Full Saphyre V3 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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