Gains Network vs MUX Perps: Risk & Value Comparison

Gains Network logoGains Network

Derivatives

Risk

C+

Value

B-

Promising

MUX Perps logoMUX Perps

Derivatives

Risk

B

Value

D+

Dead Money

Gains Network
MUX Perps
Sector
Derivatives
Derivatives
Risk Score
39/100
27/100
Risk Grade
C+
B
Value Score
60/100
28/100
Value Grade
B-
D+
TVL
$15M
$10M
FDV
$13M
$13M
Mechanisms
8
6
Interactions
6
4
Quadrant
Promising
Dead Money

Risk Dimension Comparison

Mechanism Novelty/ 15
Gains Network
5
MUX Perps
0
Interaction Severity/ 20
Gains Network
10
MUX Perps
5
Oracle Surface/ 10
Gains Network
7
MUX Perps
5
Documentation Quality/ 10
Gains Network
3
MUX Perps
4
Track Record/ 15
Gains Network
3
MUX Perps
2
Scale Exposure/ 10
Gains Network
3
MUX Perps
3
Regulatory Risk/ 10
Gains Network
3
MUX Perps
5
Protocol Vitality/ 10
Gains Network
5
MUX Perps
3

Value Dimension Comparison

Fee Capture/ 25
Gains Network
16
MUX Perps
8
Token Distribution/ 25
Gains Network
18
MUX Perps
8
Emission Sustainability/ 25
Gains Network
12
MUX Perps
5
Competitive Moat/ 25
Gains Network
14
MUX Perps
7

Verdict

MUX Perps is the safer protocol with a risk score of 27/100 (B) compared to 39/100 (C+).

Gains Network has stronger value accrual (B-, 60/100) compared to D+ (28/100).