Be the house.

Back both sides. Earn the spread.

1Pick a date

2Pick a range to back

3How much to deposit?

= 10.00 sets of $200 each · available $10,000

Estimated fees by Nov 27

at this range's recent demand · not guaranteed

Balanced flow (likely)keep fees, +$55.21
One-sided flowyou hold the other side to expiry
Worst: every UP sells and it pays in full−$1,281

Worst case −$1,281. Never more: every set is fully backed.

Connect a wallet to deposit

Self-balancing prices

swapvm · fair value + inventory skew
UP left65%

next ask $79.40 (fair $69.77)

35% of UP bought
DOWN left100%

next ask $127 (fair $130)

Fair UP today $69.77 of $200 (35% of the range) · Black–Scholes, r = 0, σ 62%

Your vaults

No vaults yet. Deposit above to start earning the spread.