DeepBook V3 vs SUNSwap V2: Risk & Value Comparison
DeepBook V3
SUNSwap V2
Sector
DEX
DEX
Risk Score
22/100
22/100
Risk Grade
B
B
Value Score
42/100
28/100
Value Grade
C-
D+
TVL
$15M
$240M
FDV
—
$370M
Mechanisms
6
5
Interactions
4
5
Quadrant
Safe but Stale
Dead Money
Risk Dimension Comparison
Mechanism Novelty/ 15
DeepBook V3
3
SUNSwap V2
0
Interaction Severity/ 20
DeepBook V3
3
SUNSwap V2
3
Oracle Surface/ 10
DeepBook V3
0
SUNSwap V2
0
Documentation Quality/ 10
DeepBook V3
0
SUNSwap V2
4
Track Record/ 15
DeepBook V3
6
SUNSwap V2
6
Scale Exposure/ 10
DeepBook V3
3
SUNSwap V2
5
Regulatory Risk/ 10
DeepBook V3
4
SUNSwap V2
2
Protocol Vitality/ 10
DeepBook V3
3
SUNSwap V2
2
Value Dimension Comparison
Fee Capture/ 25
DeepBook V3
12
SUNSwap V2
8
Token Distribution/ 25
DeepBook V3
10
SUNSwap V2
5
Emission Sustainability/ 25
DeepBook V3
10
SUNSwap V2
7
Competitive Moat/ 25
DeepBook V3
10
SUNSwap V2
8
Verdict
Both protocols have identical risk scores (22/100), making them equally risky.
DeepBook V3 has stronger value accrual (C-, 42/100) compared to D+ (28/100).