AAPLApple Inc.MSFTMicrosoft CorporationNVDANVIDIA CorporationTSLATesla, Inc.AMZNAmazon.com, Inc.GOOGLAlphabet Inc.XAUGoldXAGSilverEUR/USDEuro / US DollarGBP/USDBritish Pound / US DollarUSD/JPYUS Dollar / Japanese YenSPYS&P 500 IndexQQQNASDAQ 100 IndexAAPLApple Inc.MSFTMicrosoft CorporationNVDANVIDIA CorporationTSLATesla, Inc.AMZNAmazon.com, Inc.GOOGLAlphabet Inc.XAUGoldXAGSilverEUR/USDEuro / US DollarGBP/USDBritish Pound / US DollarUSD/JPYUS Dollar / Japanese YenSPYS&P 500 IndexQQQNASDAQ 100 Index
Your deposit backs the tokens it mints, held in its market's own vault. The protocol funds trading liquidity from its treasury.
Step 02
Two programs, one price.
The engine mints and redeems Long and Short tokens at their net asset value (NAV). The liquidity provider (CLP) mints its inventory through the same engine.
Step 03
Trading at any hour.
Long and Short trade against traders' orders at any hour. The CLP also fills at the next official price while a market is open, and quotes from its pool while it is closed.
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
Stablecoins come from two places.
Your deposit backs the tokens it mints, held in its market's own vault. The protocol funds trading liquidity from its treasury.
Step 02
Two programs, one price.
The engine mints and redeems Long and Short tokens at their net asset value (NAV). The liquidity provider (CLP) mints its inventory through the same engine.
Step 03
Trading at any hour.
Long and Short trade against traders' orders at any hour. The CLP also fills at the next official price while a market is open, and quotes from its pool while it is closed.
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.
Traders' orders sit in an order book at any hour. While a market is open, the protocol also fills any size at the next official price, plus a spread, so a large order does not move the price. While it is closed, the pool quotes from the last official price instead and pulls its quotes when outside markets move. Your order takes the best prices first: the lowest when you buy, the highest when you sell.
Traders' orders sit in an order book at any hour. While a market is open, the protocol also fills any size at the next official price, plus a spread, so a large order does not move the price. While it is closed, the pool quotes from the last official price instead and pulls its quotes when outside markets move. Your order takes the best prices first: the lowest when you buy, the highest when you sell.
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.
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Exposure still depends on an issuer, offchain custody, and a redemption path you don't fully control onchain.
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The wrapper may live onchain, but the asset and settlement guarantees still rely on centralized operators and legal rails.
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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.
A Solana protocol for 24/7 synthetic exposure to stocks, indices, commodities and forex. You deposit collateral (cUSDC on devnet) and get matched Long and Short tokens priced from the asset's NAV. Trade either one, hold it with no expiry, or redeem both together for collateral.
Is it like a perp DEX?
No. There are no funding rates, no margin and no liquidations. Positions are SPL tokens paid for in full, so there is no leverage and nothing to liquidate. The Short token carries a volatility decay instead of funding, charged on realized volatility; the Long token never pays it.
Can I lose more than I deposit?
No. There is no leverage and no liquidation, and you pay the full value of what you mint. You can still lose part of it: to fees, to the Short token's volatility decay, to a pro-rata redemption if a large move leaves a market's vault below 100%, or to ordinary price moves once you hold one side.
Can I trade when the market is closed?
Yes. The pool keeps quoting from the last official price, and other traders keep placing orders. Both sit in one order book, so a market order takes the best prices first: the lowest when you buy, the highest when you sell. The app also warns you if outside markets have moved since the close. Minting and redeeming need a fresh price, so they resume when the market reopens.
Who holds the collateral?
Each market's collateral sits in an onchain vault controlled by that market's program account, not by a custodian or an issuer. The Long and Short mints have no freeze authority. The programs can still be upgraded by a single team key.
Is it live on mainnet?
Not yet. Continuum runs on Solana devnet with test tokens: the faucet gives each wallet 1,000 cUSDC every 24 hours. Mainnet plans are on the roadmap.
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.
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