Is Valantis STEX Safe?
Risk Grade: C+ (37/100)
Valantis STEX is rated as elevated risk — multiple novel mechanisms and notable interaction risks.
Moderate risk — innovative modular DEX with strong technical vision, but novel AMM design and Hyperliquid concentration introduce meaningful uncertainty until battle-tested.
Valantis STEX is a next-generation decentralized exchange on Hyperliquid's HyperEVM, specifically designed for trading liquid staking tokens like stHYPE. It uses a novel modular architecture with MEV-resistant order execution (HOT AMM) and a custom bonding curve optimized for staked assets. With ~$16M TVL and $7.5M in seed funding, it recently acquired the stHYPE liquid staking platform.
TVL
$19M
Mechanisms
6
Interactions
5
Value Grade
D+
Key Risks for Valantis STEX Users
Both the STEX AMM curve and the HOT AMM MEV protection are novel designs without long track records — unexpected behavior under stress is possible
Heavy concentration on Hyperliquid ecosystem means any issues with the chain or its staking system directly impact Valantis
Acquiring stHYPE creates vertical integration that amplifies risk — problems with the liquid staking token directly affect the DEX and vice versa
Top Risk Factors
- •STEX is a novel AMM design specific to staked assets with no comparable precedent — untested edge cases under market stress
- •Modular architecture increases composability but also expands the smart contract attack surface through module interactions
- •Single-chain dependency on Hyperliquid L1 (HyperEVM) which is itself a relatively new chain
Risk Score Breakdown
Valantis STEX's highest risk area is Vitality Risk (6/10). Here's how each dimension contributes to the overall 37/100 score:
Read the Full Valantis STEX Risk Report
This protocol has 2 collapse scenarios. 2 high-severity interaction risks identified. See the full mechanism classification, interaction matrix, and deep-dive recommendations.
View Full Report →Considering an investment?