Agni Finance

Agni Finance receives a C risk grade (46/100) from Hindenrank, where lower scores indicate lower risk. 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.

The key risks identified for Agni Finance are: (1) 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. (2) 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. (3) 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.

Agni Finance scores 46/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 8/20, Oracle Surface: 3/10, Documentation Gaps: 5/10, Track Record: 14/15, Scale Exposure: 3/10, Regulatory Risk: 4/10, Vitality Risk: 6/10. The highest risk area is Track Record at 14/15.

Among 111 rated DEX protocols on Hindenrank, Agni Finance ranks #99 by safety (lowest risk score = safest). Its 46/100 risk score and C grade place it among the riskier DEX protocols.

Agni Finance scores 14/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.