Apple, Tesla, Nvidia. Long or short, straight from your wallet.
Market route
Forex
The majors, onchain. EUR/USD, GBP/USD, USD/JPY.
Market route
Commodities
Gold and silver exposure, without storing or taking delivery of either metal.
Market route
Indices
Broad market exposure through SPY and QQQ, rather than buying each stock.
Market access
Markets from one wallet.
Go long or short on prices across four asset classes. You hold synthetic tokens, not the underlying stocks, metals or currencies.
EquitiesCommoditiesForexIndices
Equities
Apple, Tesla, Nvidia. Long or short, straight from your wallet.
Commodities
Gold and silver exposure, without storing or taking delivery of either metal.
Forex
The majors, onchain. EUR/USD, GBP/USD, USD/JPY.
Indices
Broad market exposure through SPY and QQQ, rather than buying each stock.
Markets from one wallet
Market route
Equities
Apple, Tesla, Nvidia. Long or short, straight from your wallet.
Market route
Forex
The majors, onchain. EUR/USD, GBP/USD, USD/JPY.
Market route
Commodities
Gold and silver exposure, without storing or taking delivery of either metal.
Market route
Indices
Broad market exposure through SPY and QQQ, rather than buying each stock.
Market access
Markets from one wallet.
Go long or short on prices across four asset classes. You hold synthetic tokens, not the underlying stocks, metals or currencies.
EquitiesCommoditiesForexIndices
Equities
Apple, Tesla, Nvidia. Long or short, straight from your wallet.
Commodities
Gold and silver exposure, without storing or taking delivery of either metal.
Forex
The majors, onchain. EUR/USD, GBP/USD, USD/JPY.
Indices
Broad market exposure through SPY and QQQ, rather than buying each stock.
From collateral to exposure
How it works
From collateral to exposure.
Step 01
Collateral enters once.
Deposit stablecoins. The same collateral supports both parts of the system.
Step 02
It splits in two.
One side supplies liquidity for trading. The other creates and redeems Long and Short tokens at their net asset value (NAV).
Step 03
Liquidity and exposure, same moment.
Liquidity and tokens are created together: a trading pool on one side, Long and Short tokens on the other.
Step 04
Everything else builds on both.
Long and Short are standard Solana tokens. Other apps can support them, but borrowing requires a lending market to list them first.
Step 01
Collateral enters once.
Deposit stablecoins. The same collateral supports both parts of the system.
Step 02
It splits in two.
One side supplies liquidity for trading. The other creates and redeems Long and Short tokens at their net asset value (NAV).
Step 03
Liquidity and exposure, same moment.
Liquidity and tokens are created together: a trading pool on one side, Long and Short tokens on the other.
Step 04
Everything else builds on both.
Long and Short are standard Solana tokens. Other apps can support them, but borrowing requires a lending market to list them first.
Market structure
How market pricing works.
Long and Short pools quote around a price-feed reference, plus a spread. Swaps fill against the pool's own liquidity, so a run of buying or selling can push its price away from that reference until the next re-quote brings it back.
Long and Short pools quote around a price-feed reference, plus a spread. Swaps fill against the pool's own liquidity, so a run of buying or selling can push its price away from that reference until the next re-quote brings it back.
Short pool
Long pool
Illustrative pool distributions · not live prices
Tokenized is not the same as trustless.
Putting an asset onchain isn't enough if the real custody still sits with an institution offchain.
Ondoneeds trustShow detailsHide details
Exposure still depends on an issuer, offchain custody, and a redemption path you don't fully control onchain.
xStocksneeds trustShow detailsHide details
The wrapper may live onchain, but the asset and settlement guarantees still rely on centralized operators and legal rails.
Hyperliquidnot portableShow detailsHide details
The venue is powerful, but your position only exists inside it. There is no token to carry off and use as collateral or trade somewhere else.
Continuum has no underlying asset custodian. Oracle failures and smart-contract bugs can still put funds at risk.
Explore markets beyond exchange hours. Long and Short positions are tokens you can hold in your wallet. Using them as collateral elsewhere depends on a lending market choosing to support them.
Ondoneeds trustShow details
