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The vessel

Vault

One vault quotes both sides of every perp on every Solana coin. Pour SOL in and your share fills with the open fees and the hourly funding, pro rata. Taking it out works the same way: a message your wallet signs.

Your share of the vessel
Next drip in--:--
1

Connect Phantom

Wallet not connected · 10.00 SOL to practice with
2

Amount to deposit

SOL
3

Sign

Phantom shows this message; signing it is the deposit or the withdrawal. Nothing else is signed.

      
1

Deposit

SOL goes into the vault under your address. From the next drip your share of every open fee (0.1% of position size) and of the funding the vault collects is booked to you.

2

Quote

The vault posts a bid and an ask on every market and takes the other side of every long and short, up to 25x. Traders are liquidated at 1% maintenance margin, so the vault's exposure is bounded per position.

3

Withdraw

Sign a withdrawal for any amount up to your share. It is a plain-text message checked against your wallet's ed25519 key, not a transaction, and it clears at the next drip.

Numbers

Minimum collateral
0.05 SOL
Open fee
0.1% of size
Maintenance margin
1%
Maximum leverage
25x
Funding
every hour
Fees and funding
pro rata
LedgerOpen a position →