Hormos

All grades

edgeX

C

59 out of 100

6 of 7 criteria scored; the score is scaled from the 90 points we could score

Last reviewed 3 November 2026

Liquidation and auto-deleveraging 12/20

How positions are picked for auto-deleveraging
Published, with the ranking formulaRanked by counterparty unrealized profit with Q_ADL = min(Q_bankruptcy, Q_counterparty); the secondary tie-break factors are not published.edgex-1.gitbook.io (opens in a new tab) · 3 November 2026
Partial liquidation
Not disclosedThe page gives only the cross-margin trigger and does not say whether liquidation is partial or full.edgex-1.gitbook.io (opens in a new tab) · 3 November 2026
Auto-deleveraging in the last 24 months
None foundNo ADL event found in the docs or in a news search covering 2026, including the June 2026 EDGE crash coverage.edgex-1.gitbook.io (opens in a new tab) · 3 November 2026
Risky markets isolated or capped
Not disclosedCross margin is the default and isolation is optional through sub-accounts; no open-interest caps or isolated-only markets are documented.edgex-1.gitbook.io (opens in a new tab) · 3 November 2026

Insurance fund and who absorbs losses 5/15

Backstop balance readable on-chain
Not disclosedThe doc index has no insurance-fund page, and the ADL page goes from bankruptcy straight to ADL.edgex-1.gitbook.io (opens in a new tab) · 3 November 2026
Backstop against total open interest
Not disclosedThe docs publish no insurance-fund balance.edgex-1.gitbook.io (opens in a new tab) · 3 November 2026
Order of loss absorption published
YesLosses beyond the bankrupt position's margin go to profitable counterparties in ADL rank order; no insurance-fund step is mentioned.edgex-1.gitbook.io (opens in a new tab) · 3 November 2026

Price oracle 9/15

Independent sources in the liquidation price
Three or moreThe v2 docs say the liquidation oracle is a weighted median of five CEXs (Binance, OKX, Bybit, Gate, MEXC).edgex-1.gitbook.io (opens in a new tab) · 3 November 2026
Price update interval
Every secondThe docs say 'sub-second' streaming into the matching engine; 1 is recorded as the upper bound.edgex-1.gitbook.io (opens in a new tab) · 3 November 2026
Who signs prices
One key or one serviceA single edgeX-run Go service aggregates the feeds in its backend, with no third-party oracle network.edgex-1.gitbook.io (opens in a new tab) · 3 November 2026
Oracle failure with user losses, last 24 months
None foundThe June 2026 EDGE crash was a real market sell-off rather than a feed failure, and a 2026 news search found no other oracle loss.theblock.co (opens in a new tab) · 3 November 2026

Custody and withdrawal 8/15

Users hold their own funds
Yesedgex-1.gitbook.io (opens in a new tab) · 3 November 2026
Contract-level exit if the operator stops
Yesedgex-1.gitbook.io (opens in a new tab) · 3 November 2026
Withdrawals can be frozen without a delayed vote
Not disclosedThe v2 docs do not describe pause or freeze powers, and L2BEAT covers only the archived v1.edgex-1.gitbook.io (opens in a new tab) · 3 November 2026
Delay before upgrades apply
Not disclosedThe v2 architecture and self-custody pages name no upgrade keys or timelock.edgex-1.gitbook.io (opens in a new tab) · 3 November 2026

Incidents in the last 24 months 15/15

None found since November 2024.

Reviewed and not counted

  • 2 June 2026Not counted: liquidations followed a real price move of the token, and a goodwill payment is not an intervention.

    After a 71% EDGE flash crash on a thin PancakeSwap pool set off perps liquidations, edgeX paid goodwill compensation of up to $100K per user and posted a $200K bounty.

    theblock.co (opens in a new tab)

Liquidity No data

Our reading is not scored yet: we do not read this venue's order book yet.

Who provides the liquidity
Not disclosedThe docs do not publish who provides liquidity or how much of it each provider or vault supplies.edgex-1.gitbook.io (opens in a new tab) · 3 November 2026

Transparency and operations 4/10

Public audits of core code, last 24 months
1SlowMist report (request received 2025-06-16) counts; the RigSec report is dated 2024-09-02 and PeckShield covers StarkEx v4.5, and none is confirmed to cover the v2 EDGE Chain contracts.edgex-1.gitbook.io (opens in a new tab) · 3 November 2026
Core code public
Not disclosedThe docs link no source repository, and no official edgeX contracts repo was found on GitHub.edgex-1.gitbook.io (opens in a new tab) · 3 November 2026
Public status page
NoThe doc index links no status page, and status.edgex.exchange does not resolve.edgex-1.gitbook.io (opens in a new tab) · 3 November 2026
Operating company named in the terms
Yesedgex-1.gitbook.io (opens in a new tab) · 3 November 2026