{
  "slug": "orvex",
  "checkedAt": "2026-10-06",
  "observations": [
    {
      "claim": "MetaDEX with classic/concentrated pools, not verified leveraged derivatives.",
      "product": "orvex",
      "entity": "Named official operator or protocol source",
      "contract": "Spot swaps / LP; no derivative verified",
      "accountTier": "Public unsigned",
      "channel": "Official documentation",
      "unit": "As specified in claim",
      "officialSource": "https://docs.orvex.fi/introduction/about-orvex",
      "checkedAt": "2026-10-06T09:02:15.374492+00:00",
      "effectiveAt": null,
      "expiresAt": null,
      "evidenceType": "official documentation",
      "archiveFile": "raw/orvex-about.txt",
      "sha256": "7a2dd437229c6aec9a568a47e9752581b876ac91cfd1b2b42ad3d62a2120e206",
      "dependentModules": [
        "exchange dossier",
        "editorial action and schema"
      ],
      "uncertainty": "No connected wallet, account entitlement, funded trade or redemption tested."
    },
    {
      "claim": "Up-to-10x LP capital-efficiency claim concerns price-range concentration, not a trader leverage limit.",
      "product": "orvex",
      "entity": "Named official operator or protocol source",
      "contract": "Spot swaps / LP; no derivative verified",
      "accountTier": "Public unsigned",
      "channel": "Official documentation",
      "unit": "As specified in claim",
      "officialSource": "https://docs.orvex.fi/protocol-overview/concentrated-liquidity",
      "checkedAt": "2026-10-06T09:02:15.374545+00:00",
      "effectiveAt": null,
      "expiresAt": null,
      "evidenceType": "official documentation",
      "archiveFile": "raw/orvex-efficiency.txt",
      "sha256": "259ced0783b95dab13a8a757dadf64238966e9e3da10a72514df5c33bdfb49d8",
      "dependentModules": [
        "exchange dossier",
        "editorial action and schema"
      ],
      "uncertainty": "No connected wallet, account entitlement, funded trade or redemption tested."
    },
    {
      "claim": "Net-output routing accounts for fees/impact/gas. No extra router markup does not remove pool or network costs. External routes conditional.",
      "product": "orvex",
      "entity": "Named official operator or protocol source",
      "contract": "Spot swaps / LP; no derivative verified",
      "accountTier": "Public unsigned",
      "channel": "Official documentation",
      "unit": "As specified in claim",
      "officialSource": "https://docs.orvex.fi/protocol-overview/smart-routing",
      "checkedAt": "2026-10-06T09:02:15.374594+00:00",
      "effectiveAt": null,
      "expiresAt": null,
      "evidenceType": "official documentation",
      "archiveFile": "raw/orvex-routing.txt",
      "sha256": "02c4a03beb546b3f5816bc69d88cf0b283588d1c610734814aa94158a1a0aeb8",
      "dependentModules": [
        "exchange dossier",
        "editorial action and schema"
      ],
      "uncertainty": "No connected wallet, account entitlement, funded trade or redemption tested."
    },
    {
      "claim": "Spot asset exchange description, not perpetual positions.",
      "product": "orvex",
      "entity": "Named official operator or protocol source",
      "contract": "Spot swaps / LP; no derivative verified",
      "accountTier": "Public unsigned",
      "channel": "Official documentation",
      "unit": "As specified in claim",
      "officialSource": "https://docs.orvex.fi/dex-functionalities/swap/",
      "checkedAt": "2026-10-06T09:02:15.374634+00:00",
      "effectiveAt": null,
      "expiresAt": null,
      "evidenceType": "official documentation",
      "archiveFile": "raw/orvex-swap.txt",
      "sha256": "c896931b3aacbf5050840a005170461bdf2f8912e5a05c1f8a57c5d1b7998e67",
      "dependentModules": [
        "exchange dossier",
        "editorial action and schema"
      ],
      "uncertainty": "No connected wallet, account entitlement, funded trade or redemption tested."
    },
    {
      "claim": "Prelaunch wording and upcoming token economy conflict with live messaging elsewhere; unresolved rollout detail.",
      "product": "orvex",
      "entity": "Named official operator or protocol source",
      "contract": "Spot swaps / LP; no derivative verified",
      "accountTier": "Public unsigned",
      "channel": "Official documentation",
      "unit": "As specified in claim",
      "officialSource": "https://docs.orvex.fi/introduction/project-roadmap",
      "checkedAt": "2026-10-06T09:03:53.931018+00:00",
      "effectiveAt": null,
      "expiresAt": null,
      "evidenceType": "official documentation",
      "archiveFile": "raw/orvex-roadmap.txt",
      "sha256": "6bfb3b1a195123ab712e952eea6ab295dbd2e317360f4f5967ba1cbdb67c27be",
      "dependentModules": [
        "exchange dossier",
        "editorial action and schema"
      ],
      "uncertainty": "No connected wallet, account entitlement, funded trade or redemption tested."
    },
    {
      "claim": "Eight listed campaign markets; activity weights including 3x and 2.25x, provisional points, no campaign claim; not leverage.",
      "product": "orvex",
      "entity": "Named official operator or protocol source",
      "contract": "Spot swaps / LP; no derivative verified",
      "accountTier": "Public unsigned",
      "channel": "Official documentation",
      "unit": "As specified in claim",
      "officialSource": "https://docs.orvex.fi/genesis/",
      "checkedAt": "2026-10-06T09:03:53.931411+00:00",
      "effectiveAt": null,
      "expiresAt": null,
      "evidenceType": "official documentation",
      "archiveFile": "raw/orvex-genesis.txt",
      "sha256": "3c84cb09b5bbb97a6e19087f533a2b58f889e3b94bfdb2274d883ee9b5dcaf46",
      "dependentModules": [
        "exchange dossier",
        "editorial action and schema"
      ],
      "uncertainty": "No connected wallet, account entitlement, funded trade or redemption tested."
    },
    {
      "claim": "Concentrated LP exposure and impermanent loss; fees not guaranteed offset.",
      "product": "orvex",
      "entity": "Named official operator or protocol source",
      "contract": "Spot swaps / LP; no derivative verified",
      "accountTier": "Public unsigned",
      "channel": "Official documentation",
      "unit": "As specified in claim",
      "officialSource": "https://docs.orvex.fi/dex-functionalities/liquidity/concentrated-liquidity/impermanent-loss",
      "checkedAt": "2026-10-06T09:03:53.931575+00:00",
      "effectiveAt": null,
      "expiresAt": null,
      "evidenceType": "official documentation",
      "archiveFile": "raw/orvex-loss.txt",
      "sha256": "b963723b5368a15ed4279ce0bc50ff9b797f5757f1197f2f26bbd60be1c2c197",
      "dependentModules": [
        "exchange dossier",
        "editorial action and schema"
      ],
      "uncertainty": "No connected wallet, account entitlement, funded trade or redemption tested."
    },
    {
      "claim": "Current public homepage, rendered live/Genesis messaging recorded separately.",
      "product": "orvex",
      "entity": "Named official operator or protocol source",
      "contract": "Spot swaps / LP; no derivative verified",
      "accountTier": "Public unsigned",
      "channel": "Official documentation",
      "unit": "As specified in claim",
      "officialSource": "https://www.orvex.fi/",
      "checkedAt": "2026-10-06T09:02:15.501401+00:00",
      "effectiveAt": null,
      "expiresAt": null,
      "evidenceType": "official documentation",
      "archiveFile": "raw/orvex-home.txt",
      "sha256": "78004c70031d95f6630526c1e914476d4c1576ef6485986522047a128d635dc0",
      "dependentModules": [
        "exchange dossier",
        "editorial action and schema"
      ],
      "uncertainty": "No connected wallet, account entitlement, funded trade or redemption tested."
    },
    {
      "claim": "Live mainnet/Genesis messaging, contrasted with prelaunch roadmap, no inferred global rollout.",
      "officialSource": "https://www.orvex.fi/",
      "checkedAt": "2026-10-06T09:04:10.642983+00:00",
      "evidenceType": "rendered public interface",
      "archiveFile": "orvex-ui.txt",
      "sha256": "273b50bc843ed11992d41e35a90ee9d5b8729b8a965ea0a6f39264f171fac966",
      "uncertainty": "Public interface observation only."
    },
    {
      "claim": "Unsigned USDG/ETH spot ticket, no futures/leverage controls or executable quote tested.",
      "officialSource": "https://www.orvex.fi/swap",
      "checkedAt": "2026-10-06T09:07:57.126313+00:00",
      "evidenceType": "rendered public interface",
      "archiveFile": "raw/orvex-swap-ui.txt",
      "sha256": "4f415af0c717b5c419270aea7b64d6b6710a859e6b5e376686b160866d447387",
      "uncertainty": "Public interface observation only."
    }
  ],
  "limitations": [
    "No financial actions, wallet connections or legal acceptance.",
    "Source inconsistencies stated in article; neither future recovery nor token rewards promised."
  ],
  "affiliate": {
    "registeredUrl": "https://www.orvex.fi/r/84C34F4",
    "changed": false,
    "renderedCommercialCta": false
  },
  "editorialAction": {
    "href": "/rankings/best-perpetual-dexs",
    "label": "Compare perpetual DEXs"
  }
}