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Panoptic V2

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Panoptic is the first on-chain, permissionless options protocol, revolutionizing trading and liquidity provision.

What HEY knows

Development

Dormant: no ship for 139 daysDormant: 0 counted ships in 30 days; latest ship on 2026-06-23. Evidence Source

Build Momentum 0How it is measured

Latest: Panoptic V2: The DeFi Yield Platform

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More detail
Product usage

Panoptic V2: TVL $15.5K · fees 24h <$1 · revenue 24h <$1 (DefiLlama, 2026-11-09). Registry context, not a measure of building.

Not yet known
Unknown3 gaps: Repositories (no source), Published packages (no source), API description (no source). No repository the project claims as its own.
Compare with…The same summary, with every line’s evidence: snapshot API
What HEY checked — why it says this
Dormant.
“Dormant” by the activity rule: 0 counted ships in the last 30 days, the newest 2026-06-23.
SourceRepositories, changelogs and feeds HEY reads for this project, and the ship events recorded from them.ReadRecordsPanoptic V2: The DeFi Yield Platformship:8ab83c1d-fbdb-42da-80e9-525a9d61e766ship:f43d25c7-7145-447b-a890-2074fc39be34What HEY derivedHEY’s activity rule reads the counted events as “Dormant”.Not concludedIt says what HEY can read of the building, not how good the project is, who is behind it, or what its token will do. Quiet or unknown is not "abandoned".
Verified Builder.
The quality gate found counted building from the project's own sources.
Source154 registered sources, 0 of them context only.ReadRecordsPanoptic V2: The DeFi Yield Platformship:8ab83c1d-fbdb-42da-80e9-525a9d61e766ship:f43d25c7-7145-447b-a890-2074fc39be34+5 moreWhat HEY derivedThe quality gate’s stored decision: “Verified Builder”.Not concludedA verified builder is one whose shipping HEY confirmed from public evidence. It does not say who runs the project — that is the ownership claim, a separate check.
Research coverage: HEY can answer 7 of the 10 research questions that apply.
7 of 10 applicable dimensions measured.

Identity

  • IdentityMeasuredRead 45d ago.

Building

  • Building activityMeasuredRead 1d ago.
  • RepositoriesNo sourceNo repository the project claims as its own.
  • ReleasesMeasuredRead 4mo ago.
  • TimelineMeasured

Official site

  • Official docsMeasuredRead 2d ago.
  • API descriptionNo sourceIts website links no API description.
  • Official site changesMeasuredRead 5h ago.

Code and packages

  • Published packagesNo sourceNo repository the project claims as its own.

Protocol economics

  • Protocol economicsMeasuredRead today.

Not applicable here: Repository details, Package advisories, Contract creation, Contract activity, Published source code, Contract interface, Current market, Market history, Supply distribution, Locks, Market checks.

A count of what HEY has read, never a score: projects are not compared or ordered by it. Unknown is never zero. The same states: coverage API.

Market figures are context only and never change activity status. Methodology

Latest ship

Checked

Panoptic V2: The DeFi Yield Platform

Feature releaseSource-backed

Panoptic V2 is now live. A unified DeFi yield platform that uses options, lending, and portfolio-aware margin to let users earn, borrow, and customize risk through simple vaults or advanced strategies, all in one system.

Record ship:28fcb56a… · HEY counts it as building; it does not judge the release’s quality.

Shared change · Official source change

Panoptic V2's official site changed.

Links the official site declares changed: 1 added, 0 removed. Added docs link….

Observed by HEY on 2026-10-15Source: Project’s official site

Builder activity

No meaningful, source-backed updates in the 8 weeks since HEY began reading this project’s sources; earlier weeks are not yet read.

Build timeline

  1. Panoptic's Refreshed Vaults Are Now Open for Deposits

    AnnouncementSource-backed

    Deposit caps have been lifted and new UI features have been implemented within the Panoptic Vault Suite. Read what has been changed in the UI/UX and dive into the investment mission behind each vault.

  2. RiskEngine v2 Is Live

    AnnouncementSource-backed

    Cheaper longs, fairer force exercises, a floor for lenders, and a RiskEngine that upgrades in place. Here's what changed on Ethereum Mainnet and Robinhood Chain, and what to do with your positions.

  3. Your Uniswap LP Is a Short Option (Interactive Charts)

    AnnouncementSource-backed

    A Uniswap LP position has short-gamma exposure while in range. Interactive charts show how loans, put spreads, and selling options hedge impermanent loss.

  4. 5,000 Uniswap LPs are on the Panoptic VIP List

    AnnouncementSource-backed

    Connect your eligible wallet to claim your Season 3 Pips and discover what your liquidity could do in Panoptic.

  5. Earn Up To 20% More Fees on Your Uniswap LP Position

    AnnouncementSource-backed

    Migrate your LP positions from Uniswap to Panoptic and earn up to 20% more in fees through Panoptic-native mechanisms.

  6. Panoptic RFQ brings institutional-grade execution to perpetual options.

    AnnouncementSource-backed

    Panoptic RFQ lets users post signed buy requests that market makers can satisfy by adding native Panoptic liquidity, without a settlement contract or custodial coordinator.

  7. Panoptic V2: The Vault Suite

    AnnouncementSource-backed

    The Panoptic Vault Suite introduces automated, market-neutral vaults that transform complex options strategies into simple, passive onchain income, allowing users to deposit and earn without active management.

  8. Trade SPCXx Onchain

    AnnouncementSource-backed

    Panoptic transforms SPCXx, a tokenized representation of SpaceX available onchain, into a complete financial ecosystem where eligible users can swap, lend, earn yield, and trade options and volatility strategies.

Earlier ships (16)
  1. Panoptic Prime Beta: V2

    AnnouncementSource-backed

    The Panoptic Prime Beta provides early access to Panoptic V2's vaults, trading interface, RFQ system, and lending markets while giving community members a direct role in shaping the future of on-chain options.

  2. Panoptic × Steer: Building the Infrastructure for Onchain Structured Yield

    AnnouncementSource-backed

    Panoptic and Steer are partnering to build the infrastructure that enables institutions to design, deploy, and manage structured yield strategies fully onchain.

  3. Perpetual Options — A Block Scholes Research Report (Part II)

    AnnouncementSource-backed

    The combination of short LP positions and continuous delta-hedging permits Panoptic-native traders to scalp gamma, capture a unique risk premium, and bridge the onchain convexity gap.

  4. Panoptic V2 Codebase

    AnnouncementSource-backed

    Panoptic v2 is an open-sourced unified risk engine that brings options, lending, and AMM liquidity into a single cross-margin system, enabling capital-efficient volatility trading and institutional-grade derivatives infrastructure for DeFi.

  5. Panoptic Insights: January Newsletter

    AnnouncementSource-backed

    Season 2 Points, Panoptic V2 Vaults, DeFi Options 2025 Landscape Report, and more!

  6. Panoptic Insights: November Newsletter

    AnnouncementSource-backed

    V2 and vaults

  7. The Evolution of Panoptic: From V1 to V2

    AnnouncementSource-backed

    Panoptic V2 makes options powerful.

  8. Panoptic Insights: September Newsletter

    AnnouncementSource-backed

    The September Panoptic Newsletter recaps a critical $5M vulnerability and rescue operation and previews Panoptic's V2 upgrade.

  9. Position Spoofing Post Mortem

    AnnouncementSource-backed

    Post mortem of the security incident that occurred on August 25, 2025.

  10. Perpetual Options — A Block Scholes Research Report (Part I)

    AnnouncementSource-backed

    Perpetual options transform AMM liquidity into continuously rolled options that never expire—eliminating costly rollovers, reducing gamma risk, and unlocking a more efficient, onchain volatility market.

  11. Panoptic Insights: August Newsletter

    AnnouncementSource-backed

    Point opportunities, successful put stratgies, and upcoming vault audits.

  12. How to Price Perpetual Options: Five Models Compared

    AnnouncementSource-backed

    This paper compares perpetual option pricing frameworks with Panoptic’s oracle-free, DeFi-native model on Uniswap v3/v4, detailing mathematical foundations, pricing mechanics, and applicability to decentralized markets.

  13. Panoptic: Your Next DeFi Alpha

    AnnouncementSource-backed

    Panoptic brings options trading to DeFi, letting you earn points while capturing volatility premiums and managing risk more strategically than traditional perps or LSTs.

  14. Variance Trading With Onchain Synthetic Perps

    AnnouncementSource-backed

    Discover how variance can be traded through synthetic perps on Panoptic.

  15. ETH Trading Competition on Unichain Concludes

    AnnouncementSource-backed

    Panoptic’s ETH trading competition on Unichain has ended, with top traders and LPs winning $2,000 in USDC, 2M+ Pips, and a consolation prize for the biggest loser.

  16. Panoptic Insights: July Newsletter

    AnnouncementSource-backed

    Panoptic’s July newsletter highlights UNI incentives, advanced LP strategies, key research, security audits, and new trading competitions across Base and Unichain.

Other changes on HEY’s record

186 changes on HEY’s record for Panoptic V2: 3 releases · 1 builder resumed · 1 new Verified Builder or owner proof · 124 official source changes · 57 other changes in 2 more kinds.

All 186 changes for Panoptic V2 →

The full change record holds 150 more, of kinds this list leaves out — new locks, unlock reminders and HEY’s own research bookkeeping among them. Full record (JSON)

Sources

154 places HEY reads for Panoptic V2
145 more sources (docs)

Security context: 12 audit reports found (8 published by the auditor) · bug bounty page on the project’s site. An audit shows an audit took place; it is not a guarantee of safety.