Leverage with no early liquidation.

Long or short, up to 1000x.
Only the price at expiry counts.

Trade onArbitrumandRobinhood Chain

Sub-second
Trades fill in a tap
USDG
Pay and get paid in native USDG
Collateralised
Payouts locked when you open
The problem

Being right early shouldn’t cost you the trade.

Onchain options, made as simple as a perp.

Perp$1,000 BTC long at 50x
Unrealised P&L+$0
Isometric$1,000 BTC long at 50x · 7 days
Most you can lose$1,000
How it works

Three inputs. That is the whole trade.

On the settlement date you gain on everything past your target price. Finish the wrong side of it and you lose what you paid, never more.

  1. 01DirectionLong or short
  2. 02Leverage5x · 25x · 100x · 1000x
  3. 03Term1 to 30 days
Where it fits

Between prediction markets and perps.

The leverage of a perp. The fixed outcome of a prediction market.

  • Prediction markets

    Yes or no, with the loss known upfront.

    Leverage
    None
    Payout
    Flat, however right you are
    Liquidation
    None
    Cost to hold
    None
    Exit early
    Sell your shares
  • Isometric options

    Leverage on your view, decided at expiry.

    Leverage
    5x to 1000x
    Payout
    Grows with the move
    Liquidation
    None, only the settlement price counts
    Cost to hold
    Paid once, upfront
    Exit early
    No, it runs to expiry
  • Perps

    Leverage, until one wick closes you out.

    Leverage
    Up to 100x and beyond
    Payout
    Grows with the move
    Liquidation
    Any wick past your margin
    Cost to hold
    Funding while open
    Exit early
    Any time
Markets

Supporting all financial assets.

Crypto, equities, commodities. The same three inputs and the same capped risk on anything that has a price.

Crypto
  • Bitcoin
  • Ethereum
  • Solana
  • Arbitrum
  • XRP
  • Dogecoin
Stocks
  • NVIDIA
  • Meta
  • Apple
  • Alphabet
  • Amazon
  • Microsoft
  • Strategy
  • SanDisk
  • SpaceX
  • Tesla
  • Netflix
Commodities
  • Gold
  • Silver
Liquidity

Deep liquidity, open to everyone.

Writers compete to quote every trade. The USDG vault is one of them, and what traders pay goes to the people who funded it.

Anyone can quote
Every trade goes out for quotes. Any writer can answer, and the best price fills.
Or let the vault quote for you
Deposit USDG and the vault’s quoting bot writes trades on your behalf. Nothing to quote, hedge or manage yourself.
Deeper with every deposit
Pooled deposits let the vault quote larger trades, so liquidity grows with every depositor.

Trade one side. Or back the other with the vault.

Launch app
Team

DeFi natives.

Luke BowlesLuke Bowles

Previously head of product at Liquidium. Founded Onset Carbon, an onchain carbon offsetting API. BSc Computer Science, UCT.

Dylan van HeerdenDylan van Heerden

Previously senior engineer at Liquidium. Before that, Entelect. BSc Information Technology.

We helped build Liquidium, Bitcoin-native DeFi lending: 4,500 BTC of volume across 120k+ loans.

Pick a side, a size and a date.

Join the waitlist and we will email you the moment trading opens.