Valantis primary sources — 2026-05-08

Official site and docs

• https://valantis.xyz/
  • Best high-level product source for the current live framing around stHYPE, staking, swaps, and savings on Hyperliquid.
• https://docs.valantis.xyz/
  • Best general introduction to Valantis as a modular framework for custom liquidity pools rather than a one-size-fits-all DEX.
• https://docs.valantis.xyz/readme.md?ask=What%20is%20Valantis%20at%20the%20core%20protocol%20level%2C%20what%20are%20Sovereign%20Pools%2C%20and%20where%20do%20modules%20or%20governance%20control%20sit%3F
  • Best concise source for the control-plane framing: Sovereign Pools, pluggable modules, poolManager authority, and protocol-level multisig / role-admin governance.
• https://docs.valantis.xyz/staked-amm.md?ask=What%20makes%20the%20STEX%20AMM%20different%20from%20generic%20AMMs%20for%20LSTs%2C%20and%20what%20roles%20or%20modules%20control%20withdrawals%2C%20lending%2C%20and%20fees%3F
  • Best concise source for how STEX differs from generic AMMs and where withdrawals, lending of idle reserves, and fee updates are controlled.

Public code

• https://raw.githubusercontent.com/ValantisLabs/valantis-core/main/README.md
  • Best direct source for the modular contract architecture: Sovereign/Universal pools, liquidity modules, oracle modules, swap-fee modules, and protocol factory whitelists.
• https://raw.githubusercontent.com/ValantisLabs/valantis-stex/main/README.md
  • Best direct source for STEX mechanics and trust assumptions: withdrawal modules, lending modules, dynamic fees, multisig-controlled owner roles, and explicit risk documentation.
• https://github.com/ValantisLabs/valantis-core
  • Canonical repository for the core protocol.
• https://github.com/ValantisLabs/valantis-stex
  • Canonical repository for the STEX implementation.

Whitepaper

• https://github.com/ValantisLabs/stex-amm-whitepaper
  • Official repository for the STEX AMM whitepaper.
• STEX_AMM_WHITEPAPER.pdf
  • Saved locally as research/crypto/whitepapers/valantis-stex-amm-whitepaper.pdf.

Corpus takeaway

Valantis matters because it makes the pool-design surface itself modular. The important questions are:

1. who chooses the modules attached to a Sovereign Pool,
2. whether the pool manager revokes itself or retains ongoing control,
3. how much economic policy sits in fee, oracle, and withdrawal modules rather than in a fixed AMM curve,
4. whether idle reserves can be rehypothecated into lending markets,
5. what timelocks constrain owner-controlled updates, and
6. how much protocol-level trust remains in multisigs and role-admins even when the pool logic looks modular and composable.

STEX is especially useful because it shows a custom pool design that tries to eliminate “loss versus unstaking” for redeemable staking assets by routing around the generic-AMM assumption that every swap should clear against immediately liquid reserves.