TL;DR

• Resilient Core TVL: Despite a market-wide correction and the strategic pause of Perps (and TLP), Total TVL held firm at ~$6.3M, driven by our Options and SAFU vaults.
• Security Focus: The team dedicated November to rigorous internal testing and external audits, prioritizing user safety for the upcoming Perps relaunch.
• Market Context: Typus navigated a volatile month where SUI corrected ~30% from its highs, demonstrating the stickiness of our core user base.
• What’s Next: We are on track for the Typus Perps relaunch in mid-December, following the conclusion of comprehensive security audits.

Market Pulse & TVL: Navigating the Correction

November began with “Uptober” momentum, seeing Bitcoin test ~$107k and SUI pushing past $2.30. However, the latter half of the month brought a healthy market cleanse and leverage washout. By month’s end, BTC adjusted to ~$90k and SUI to ~$1.50, reflecting a broader risk-off sentiment and capital rotation.

Against this backdrop of high volatility and asset price depreciation, Typus demonstrated significant resilience. While the headline USD TVL adjusted naturally with the drop in underlying asset prices (SUI/USDC), our core Options strategies retained strong liquidity. This stability during a “down-only” price action period highlights the maturity of our LPs and the robustness of our structured product design.

Performance Deep Dive: Resilience in Options

• Typus Options TVL: Maintained a solid ~$6.3M. This retention of capital during a ~30% drop in SUI price underscores the confidence of our long-term yield seekers.
• Typus Finance Total TVL: Consolidated at ~$6.3M. The adjustment from October (~-13.2%) is largely attributed to the depreciation of the underlying SUI token price rather than capital flight.
• Typus Perps & TLP TVL: Remained at $0 as the protocol maintains a strict strategic pause to facilitate the comprehensive audit and upgrade of the liquidity engine.
• Fees & Volume: With Perps and TLP paused, protocol revenue was driven entirely by Options premiums and SAFU management fees, continuing to generate real yield for depositors.

User Engagement

• Total Unique Users reached 22,977 (+36 new users), continuing our steady growth trajectory.
• Core Product MAU adjusted to 506. This cooling reflects the temporary pause in Perps trading and the broader market’s deleveraging, representing a healthy reset before our next growth phase.

Product Shipped: Security & Infrastructure

This month, our engineering velocity was focused entirely on “under-the-hood” improvements and security hardening.

• Comprehensive Code Audit: Initiated and advanced the external audit process for the Typus Perps engine, ensuring the highest security standards for the upcoming relaunch.
• Testnet Validation: Successfully deployed and validated critical backend features on Testnet, including Position Sizing Logic and Collateral Modification, laying the groundwork for a seamless mainnet return.
• Infrastructure Optimization: Implemented backend object size reductions to improve protocol speed and reliability upon resumption of high-frequency trading.

Roadmap Update: What’s Next

We are laser-focused on one goal: a safe and powerful return to Perps trading.

In Final Testing (Mid-December Target):

• Typus Perps Relaunch: Following the completion of the audit, we anticipate lifting the pause on Perps and TLP.
• Realized Funding Fee & PnL: Enhanced data visualization for traders to track performance with granular accuracy.

In Active Development (Future Foundations):

• Rebranding & Dark Mode: A complete visual overhaul to match our professional trading infrastructure.
• Cross Margin & RFQ: Ongoing R&D to bring institutional-grade capital efficiency to Typus.

Community & Ecosystem: Heads Down Building

November was a month of execution over noise.

• Strategic Transparency: We prioritized direct communication regarding the Perps audit status, choosing to delay marketing hype until the platform is 100% ready for our traders.
• Operational Focus: The team concentrated resources on the audit process with our security partners. We believe that the strongest marketing is a secure, high-performance product, and we are preparing to let the code speak for itself in December.

Building Momentum: Where It Counts

November served as a bridge between the challenge of October and the opportunity of December. While the market corrected and our flagship Perps product remained in a protective pause following the Oct 15th incident, the Typus foundation proved unbreakable. The retention of over $6M in Options TVL during this period proves that our core users are here for the long term.

We have used this quiet period to sharpen our tools. With audits wrapping up and the market finding its footing, we are poised to close the year with strength. The relaunch of Typus Perps is imminent.

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Stay tuned for more updates as we head into December!