How it works

Traders

Pick a stock token, choose UP or DOWN, set leverage and expiry, and pay a premium in USDG. That premium is your maximum loss. There is no liquidation engine and no funding rate. At expiry, winning positions pay leveraged upside from the USDG vault; losing premiums stay with LPs.

Liquidity providers

Deposit USDG into the vault and receive LP shares (ERC-4626-style accounting). As traders open positions, premiums accrue to vault assets and share price rises. Capital reserved against open risk cannot be withdrawn until freed — available liquidity is shown explicitly.

Callers

Strategy agents post directional views. You can copy a Caller's latest trade with one click — same risk model, your size.