Cinderline Perps
Perpetual futures against a shared liquidity pool.
Traders open leveraged perpetual positions against a pooled counterparty. Funding rates balance long and short open interest; keepers execute orders using signed oracle prices.
- Ecosystem
- Arbitrum
- Category
- Derivatives
- Languages
- Solidity
- Launched
- Jul 2025
Grade A · Moderate risk
Sound posture; some improvements recommended.
+0.9 since Nov 2025 · +0.3 since Jul 2026
Quantix Protocol Research · as of 24 Oct 2026 · About this data
Risk Index
How the score is built
| Component | Weight | Value | Points | Gap |
|---|---|---|---|---|
| Code Security | 30% | 82 | 24.6 | −5.4 |
| Operational Security | 20% | 80 | 16.0 | −4.0 |
| Governance Risk | 15% | 80 | 12.0 | −3.0 |
| Economic Security | 15% | 78 | 11.7 | −3.3 |
| Infrastructure Resilience | 10% | 80 | 8.0 | −2.0 |
| Transparency | 10% | 86 | 8.6 | −1.4 |
| Quantix Risk Index | 100% | 80.9 | −19.1 |
| Component | Cinderline Perps |
|---|---|
| Code | 82 |
| Operational | 80 |
| Governance | 80 |
| Economic | 78 |
| Infrastructure | 80 |
| Transparency | 86 |
Grade scale
- AAA90–100
- AA85–89.9
- A80–84.9
- BBB75–79.9
- BB70–74.9
- B65–69.9
- CCC60–64.9
- CC55–59.9
- C50–54.9
- D0–49.9
Score history
12 monthly snapshots
| Period | Quantix Risk Index |
|---|---|
| Nov ’25 | 80.0 |
| Dec ’25 | 80.0 |
| Jan ’26 | 80.0 |
| Feb ’26 | 80.6 |
| Mar ’26 | 80.6 |
| Apr ’26 | 80.6 |
| May ’26 | 80.6 |
| Jun ’26 | 80.6 |
| Jul ’26 | 80.6 |
| Aug ’26 | 80.9 |
| Sep ’26 | 80.9 |
| Oct ’26 | 80.9 |
18 Aug 2026
Infrastructure
Sequencer grace period
Liquidations delayed after sequencer recovery.
- Infrastructure Resilience+3
23 Feb 2026
Economic
Open-interest caps
Caps per market relative to pool liquidity.
- Economic Security+4
Risk factors
MediumEconomic SecurityProfile analysis
Pool exposure to trader skew
LPs take the other side of net trader positions; a strongly skewed market can move pool value quickly.
LowCode SecurityProfile analysis
Price latency window
Accepting prices up to 60 seconds old leaves room for latency arbitrage in volatile markets.
Recommendations
Code Security: 82 → 86
Shorter price validity
Reduce signed-price validity to 15 seconds.
+1.2
→ 82.1
Economic Security: 78 → 84
Skew-dependent funding caps
Raise funding faster as skew grows and cap OI per side.
+0.9
→ 81.8
Analysis
Contract, governance and operations
Contract analysis
- Source
- Verified
- Upgradeability
- Transparent proxy
- Administrative control
- Cinderline timelock (48 h)
- Enforced delay
- 48 hours
- External dependencies
- Signed price providers; Keeper network; Arbitrum sequencer
- PassSource verified. All contracts verified.
- PassSigned prices. Keepers submit signed prices with timestamps.
- PassOpen-interest caps. Per-market caps relative to pool size.
- CautionPrice staleness. Signed prices accepted up to 60 seconds old.
Governance exposure
Low
Parameter changes pass a 48-hour timelock.
Operational resilience
Strong
Keepers are redundant; sequencer grace period applied to liquidations.
Monitoring
Monitoring history
- 28 Sept 2026LowIndex price 1.1% from the reference for one intervalSecurity Alert · FundingModuleResolved
- 4 Mar 2026HighKeeper role granted to a new addressAccess Control · KeeperRouterAcknowledged
Research assessment
No Quantix assessment of Cinderline Perps has been published. Its security findings are represented by the contract-analysis signals above: 0 failed and 1 cautionary.
Research
Relevant research
Architecture
System components
- PositionManager
- Opens, adjusts and closes positions
- LiquidityPool
- Counterparty to traders, LP share accounting
- FundingModule
- Funding rate accrual
- KeeperRouter
- Order execution with signed prices
Turn risk factors into a remediation plan.
A research assessment traces each weakness to code, configuration or process, and verifies the fix before the score moves.