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StatusIntroducing PrysmSystem Defined-risk derivatives
Trade Volatility.
Trade Funding Divergence.
Defined-risk markets for crypto implied volatility and cross-venue funding spreads. Inspect your maximum payout, collateral backing, and settlement rules before you trade.
PRYSM.OS1
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utc, chain clock
VOL
30-day implied volatility
FUNDING
cross-venue funding spread
UP+DOWN
one complete set = C USDG
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Feed values, not share prices · Robinhood Chain · mainnet
Game of Life
Version 0.1 · Robinhood Chain
Fully collateralised outcome shares.
Capped payout; not risk-free.
@useprysmsys on X ↗
Every Set Is Backed. Every Payout Is Capped.
A complete set is one ▲ UP share plus one ▼ DOWN share, minted by locking a fixed amount of USDG. At expiry the collateral is split by where the settlement value lands between the lower bound L and the upper bound U. No leverage, no liquidation, nothing to pay beyond the price of the share and the fee.
Two products
30-Day Implied Volatility
Take a position on where Deribit’s BTC DVOL index will be at a fixed expiry. “30-day” is the option horizon of the index; the market’s own expiry is a separate, shorter date shown on every series. Implied, not realised, volatility.
Funding Spread
Take a position on the average hourly funding-rate difference between the BTC perpetual on Lighter’s Robinhood Chain domain and the BTC perpetual on Hyperliquid, both normalised to a signed hourly fraction. Realised funding only; the share collects none of it.
Bounded payouts
Flat. Ramp. Flat.
Below L the DOWN share takes the whole set; above U the UP share does. In between, the collateral is shared linearly. The purchase price of a share and its redemption value at expiry are different numbers: a share can expire worth nothing.
Max payout
One full share pays at most the whole set’s collateral.
Max loss
What you paid for the share plus fees.
Settlement
Documented rules, a challenge window, and a terminal fallback if data fails.
Markets
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