The options market
for tokenized
equities.
Call and put options on NVDA, TSLA and other tokenized equities, settled in USDG on Robinhood Chain. The premium is the maximum loss and is fixed at execution — no funding rates, no liquidation price, no margin calls.
Premium equals maximum loss
There is no liquidation price and no funding rate. A premium buys leveraged long or short exposure to a tokenized equity, held to expiry.
Underwrite the book
Deposit USDG into the shared liquidity pool to act as counterparty. Premiums paid by traders accrue to depositors; unreserved capital may be withdrawn at any time.
Equities and real-world assets
NVDA, TSLA, AMD and SPCX — derivatives listed on the chain where the underlying tokens are issued.
Three steps, fully on-chain
Select the contract
Choose market, direction, leverage and expiry. Strike and premium are derived by the engine contract; the trader cannot submit a price.
Pay the premium
The premium settles in USDG and constitutes the entire downside. No margin is posted, no funding accrues, and no liquidation price exists.
Settle at expiry
The oracle price at or after expiry determines the outcome. Payouts are reserved in the vault before the position opens and are released directly to the wallet.
No liquidation mechanism
price spike → liquidation direction correct, position closed funding accrues continuously open-ended downside
price spike → position unaffected loss capped at the premium no funding settles at expiry
Pilot-scale limits, venue-grade controls
Every rule below is enforced by the contracts rather than by policy, and each can be verified on the chain explorer.
Deposit cap
The pilot pool has a ceiling enforced by the vault contract, deliberately small while the venue establishes a record.
Collateral reserved at open
A position cannot be opened unless the vault first locks its full maximum payout. No obligation is written uncollateralized.
Price freshness required
Opening is rejected when the oracle print is older than 45 minutes. No position is priced against a stale quote.
Exits cannot be paused
The pause control halts new risk only. Withdrawal and settlement remain available to every user, including while paused.